Ideally, we meet 8 to 12 weeks before your financial year-end. This provides a clear picture of your likely profits while leaving enough time to execute strategies like pension contributions, machinery purchases, or restructuring debt.

A clear, professionally prepared forecast gives lenders confidence. If we identify a cash flow "pinch point" approaching before year-end, presenting the bank with a proactive plan and a realistic forecast makes it much easier to negotiate temporary facility extensions.

Stockpiling inputs like fertiliser or feed before year-end can reduce your taxable profit, provided the expense is wholly and exclusively for the business. However, we will work with you to ensure this doesn't unnecessarily compromise your cash flow.

Yes, if timed correctly. If you are weighing up a major machinery investment, making the purchase before your year-end can allow you to claim Capital Allowances against this year's tax bill.

Farming income can be incredibly volatile. Profit averaging allows us to smooth out your taxable profits over two or five years. By reviewing performance early, we identify opportunities for tax-efficient capital expenditure and profit averaging, helping you manage cash flow and protect your farm’s hard-earned profits for the next generation.

If they are genuinely working in the business, yes. Utilising their tax-free Personal Allowance can significantly reduce the overall family tax bill. We ensure these payments are "wholly and exclusively" for the business to keep you compliant with HMRC.

 

Absolutely. If your pre-year end review shows a loss, we can often "carry back" that loss against profits from previous years. This can trigger a much-needed tax refund, providing a vital cash injection when the farm needs it most.