Sole traders and farmers are operating in a very tight and sensitive marketplace. Having access to current financial information is as important for the farmer as it is for the company director. Credit is too tight for any commercial operator to lose sight of cash flow and allow costs to spiral.
Sole traders and farmers by the nature of their set up tend to be short on time and administrative / accounting resources. We take the underlying books and records, and receipts and payments records, and generate clear accessible accounts.
Farmers and sole traders need to ensure they are operating in the most cost effective and tax efficient manner possible. By forming partnerships or farming companies, or incorporating part of their business, they may generate greater savings or avail of specified reliefs. We work with our farming and sole trader clients to identify cost savings and opportunities to increase profitability as part of our accounting service.
We also advise on statutory returns (VAT, income tax etc.), pension planning, obtaining grant aid, business planning and succession.