With six directors and over 30 years of experience in the rural sectors, Douglas Home & Co is one of the leading accountants in the agricultural industry. As farming is so dependent on the perfect combination of environmental factors, we will be by your side to ensure that even during a bad year, your business is insulated against risk and able to thrive during the good times.
Led by company director, Victoria Ivinson, who was born, raised and is still very active on her own farm, the team has a true understanding of how farm businesses work. Victoria is supported by managing director, Darren Thomson, who has extensive succession planning experience.
Our firm has served over 1,000 rural businesses with our chartered accountancy and specialist services.
There are a few crucial opportunities for maximising tax and business efficiency in this sector, most of which are easily overlooked. These include research and development tax relief, succession planning, making use of capital allowances, agricultural and business property relief.
As the Basic Payment Scheme is being phased out between 2021 and 2028, our agricultural specialists are encouraging farmers to get ahead and prepare for a decade of change. The cut of subsidies is potentially the start of a long-term transition for the industry due to challenges surrounding Brexit, climate change, and labour shortages. Our team can provide proactive business advice, tailored to help farmers gain a deeper understanding of their individual business position and learn how to adapt before government support is changed or removed.