Agriculture
There can be no doubt that the agricultural industry and trades linked to the food chain are facing challenging times. A host of external factors, such as the strength of sterling, reform to the Common Agricultural Policy and the influence of the large retailers create widespread uncertainty. Running a successful business in today's economic climate is no easy task, harder still to sustain success.
Given this environment, the need for accurate and up to date financial information is paramount to enable the right decisions to be made. For this reason, our staff are trained on the various agricultural accounts packages and have an excellent understanding of the industry.
Above all, we are continually aware that we are dealing with the life-force of the sector – its people. Their feelings, livelihoods and future planning for passing the business on to the next generation are all essential elements that so often sit beyond the balance sheet. Not at Wellers - farming is a personal business and demands the personal service we offer.
Our integrated agricultural services include:
- Obtaining funding for business expansion, diversification and land purchase
- Preparing profit forecasts and cash flows
- Advising on taxation issues - capital gains tax - roll over and taper relief, milk quota and development land. Income tax - capital allowances, averaging, herd basis
- Preparing VAT returns
- Structuring the business - limited companies, partnerships and trusts
- Providing and planning for pensions and advising on tenancies and property assets
“Wellers understands the subtleties of our industry, they wrote the book on it. They are a safe pair of hands and know the challenges we face - working next to us in our office, literally side by side at times, to work them through. They have helped us by approaching the banks when cash has been tight and have advised us on important issues such as tax. We can’t speak highly enough of them.”