HMRC are focused on an ambition to ‘become one of the most digitally advanced tax administrations in the world’ and with a statement like that, additional compliance and headaches are likely to follow, whatever the size and sector your business operates in.
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We are conducting a nationwide research project where we will explore how UK businesses grow, the barriers to growth they encounter and where they are looking to expand.
The weekend-long show is to be held at the Kent Showground on the 6, 7, 8 July 2018 celebrating the very best of farming, countryside and rural life in Kent. With over 400 exhibitors and trade stands and over 300 competitions, activities and displays - it is an event that brings families and friends together showing a true appreciation for agriculture in Kent.
A bright future for any farm business starts with the basics and getting them right. Focus on what you can control as opposed to allowing yourself to be driven by the things you can’t.
Let technology make life easier
In business, it is best to focus on what you are good at, the majority of my clients are best when out and about making decisions to get the most from their farm, not doing paperwork! Why should they focus on paperwork when there is access to technology that frees you up from the office? This technology can provide access to real time information about farm finances, enabling faster and better-informed decision making. Now could be the time to make the move to an online accounting package in order to facilitate this.
Michael Gove has given his first speech since becoming Secretary of State for the environment, the main topic being his vision for agricultural subsidies post Brexit. Currently, subsidies are governed by the EU, so this is a chance for the UK to set its own policy – one which is more suitable for our needs.
Strong economy growth signals that the uncertainty surrounding Brexit is not yet coming to fruition. There is still a long road ahead; the agriculture sector in particular is far from safe. Although nothing particularly relating to the sector came out of today’s Budget announcement, the following points are worth considering: