My Latest Blogs
25th March 2021
I hear a rumour…
I hear a rumour that Lloyds Agricultural banking team based in Edinburgh has been disbanded and merged within other teams around the country. Although some within the new regional teams may have some knowledge of agriculture it has been suggested that customers felt that this was not important. It seems that the agricultural specialism within…
1st December 2020
New Version: KEYPrime Version 9.5
If you use the rural business software KEYPrime from Landmark Systems, look out for the new version of the software 9.5. What are some of the new features? Batch Entry – A faster way to enter data New and improved – Diary function Store Web links to documentation (View documents saved to Auto-entry, Receipt…
1st May 2020
EU Settlement Scheme – How are you involved?
After reading a recent article in British Farmer & Grower magazine, it reminded me that although we as a country are going through a major pandemic right now, there is life after this. But what will life be like on Farms of the future with the majority of the seasonal workers having come from the…
12th December 2019
VAT Surcharge
Have you or your business received one between 23 April 2018 and 31 January 2019? If so, you may want to check if it has been dated. If it has not been dated you may be in for a refund. Any surcharge liability notice or surcharge liability notice extensions are invalid if they have…
23rd July 2018
MTD for VAT – FARMPLAN READY!
As of 18 July 2018, HMRC has issued a list of software suppliers supporting Making Tax Digital for VAT. Amongst the list is Farmplan, the only agricultural software supplier. Farmplan has met the criteria HMRC have stipulated for Beta testing. It shows that Farmplan is committed to providing software that is compatible for MTD for…
4th November 2016
Farm Accounting
Farm Accounts: Reached the Cloud? As technology has advanced in Agriculture and more bespoke equipment is being used day in day out, is it time for farmers to reach for the cloud? Can farm accounts software meet this challenge…..Yes they can! Over the past few months we have been working closely with Quickbooks Online to…
17th August 2016
Electronic Data Input
IT Savvy Farmers: AF Online Link helps automate book-keeping. Do you have an account with the buying group Anglia Farmers Ltd? Are you tired of entering invoices manually into your accounting software? Anglia Farmers have an online link called ‘AF Interactive’. Throughout the month Anglia Farmers publish their members invoices to this online portal. During…
6th February 2016
Book-keeping
How do I keep my business records? Have you just started in business? Are you at the stage of wondering what bookkeeping records you should keep? The law states: “That if you have to send H M Revenue and Customs a tax return you must keep all records and documents you need to complete the…
3rd July 2015
VAT Compliance
VAT Errors: Penalties or independent audit ? In an interesting development we have recently received instructions to undertake an independent audit of the UK VAT records of an overseas trader. The client, who is registered for VAT in this country, had completed VAT returns but made a mistake which resulted in a penalty being levied…
30th June 2014
Worker Tax Status
Employer or Self-Employed? – that is the question As an employer, legislation makes it your responsibility to correctly determine the employment status of your workers – that is, whether they’re employed by you or self-employed. This depends on the terms and conditions of your working relationship with each worker. It’s important to get your workers’…