Farming is unlike any other business. Income is seasonal, costs can be unpredictable and long-term planning often matters just as much as short-term profit. For these reasons, working with Brightshire can make a significant difference not just to compliance, but to the long-term success of the farm.

Understanding the realities of farming

Brightshire understands that farming profits can fluctuate widely from year to year due to weather, market prices, and yield. This knowledge is crucial when preparing accurate accounts, valuing livestock and crops, and managing year-end stock adjustments. Without this experience, key details can be overlooked, leading to incorrect figures or missed opportunities.

Making the most of tax reliefs

Farmers have access to a range of tax reliefs that don’t apply to most other businesses. These include averaging relief for fluctuating profits, capital allowances on machinery and equipment, and Agricultural Property Relief (APR) for inheritance tax purposes. We will not only ensure these reliefs are claimed correctly, but also help plan ahead to maximise their benefit.

Managing cash flow in a seasonal business

Cash flow is a common challenge in farming. We help forecast income and expenditure throughout the year, plan for large purchases such as machinery or buildings, and ensure tax payments are timed sensibly. This proactive approach reduces financial pressure and helps avoid unpleasant surprises.

Support with grants, subsidies and diversification

Many farms rely on grants, subsidies, or environmental schemes and these must be treated correctly in the accounts. Brightshire understands how these payments affect profit, tax, and future planning. They can also advise on diversification projects such as holiday lets, renewable energy, or rental income, ensuring the business structure remains tax-efficient.

Planning for the next generation

Succession planning is one of the most important and sensitive issues in farming. We work alongside legal advisers to help plan for family succession, manage inheritance tax exposure, and support the long-term continuity of the farm.

To talk to one of our experienced team please get in touch