We Understand Farming Businesses and Farming Families
A C Mole Accountants have been supporting clients in the farming sector for over 115 years. Many of the families we act for have been clients of the firm for several generations.
Our office is in Taunton and most of our clients are based in Somerset and Devon. However, we act for farmers and agricultural businesses throughout the UK. We like to visit our clients on the farm as often as possible and we also have the facilities to hold virtual meetings.
Our experience with rural business owners is built on trust. We offer solid and honest advice, which is partner led and tailored to your individual requirements.
Our Agriculture Sector Specialists Offer Expert Advice to Our Clients
David Perry and Rob Selley head our farming team. They both have many years of experience within the farming sector. They are supported by a team of experts who can help your agricultural business with all its accounting and taxation needs.
Services Offered by Our Agriculture Specialists
We offer a full range of services to our rural business clients. Here are some of the ways we can help.
Accountancy and Taxation
We have a wealth of experience in the preparation of farm accounts and tax returns. Farm accounts require specialist knowledge with a number of tax rules which are specific to the sector such as herd and flock basis elections, loss relief claims and farmers averaging. We also have extensive knowledge on all the main accounting software packages and are able to provide initial set up and training together with ongoing support.
Business Structures
We can advise on the most suitable structure for your farming business. Depending on your circumstances, this may be a sole trader, partnership, limited company or LLP. Regular reviews of your business will take place to ensure you trade as the most appropriate and tax efficient entity.
VAT Planning and Advice
We provide general VAT services including advice on registration and deregistration together with the preparation and submission of your VAT returns. We also provide specialist VAT advice for more complex issues such as VAT on land and property transactions.
Business Support Services
Do you have plans for your agricultural business? We can help you plan land and farm purchases, expansion into new sectors and diversification projects. We can assist with cash flow forecasts, management accounts and profit projections. We can also help with business plans and the preparation of budgets which lenders may require to finance a project.
Succession and Inheritance Tax Planning
One of the key challenges for many agricultural businesses is succession planning. Knowing who will carry on in the future is vital for planning ahead. We can provide inheritance tax planning and advice to ensure any future liabilities are minimised. Specialist knowledge of the farming sector is required to advise on the availability of reliefs such agricultural property relief and business property relief.
Capital Gains Tax Planning
We provide advice on all aspects of capital gains tax from the sale of a small field to the disposal of a large estate. Capital gains tax can be a very complex area and we have a great deal of experience in all the reliefs available such as private residence relief, business asset disposal relief, rollover relief and gift relief.
