Embracing Technology in Farming: A Digital Accounting Revolution
Release Date: 11/29/2023
Larking Gowen Insights
Beyond the Barn, the Business of Farming. This special farming mini-series is hosted by Laura Clayton, an assistant manager in the farms and rural business team, and in each episode Laura invites a different guest to share their expertise on various business topics affecting the farming and rural community. The series covers a range of subjects including tax, legal matters, succession, and inheritance, aiming to provide insights and tips to those living and working in agriculture. Laura Clayton and Arabella Baker discuss the critical aspects of financial management and budgeting,...
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VAT Director Gillian McGill and Tax Partner Dominic Carter unpack the complexities of stamp duty land tax (SDLT), focusing on why this everyday tax can become unexpectedly complicated. They explore the different rates for residential and non-residential property, the additional dwelling surcharge, and how trusts, joint ownership, and corporate structures affect liability. With SDLT hitting headlines again, they examine why even routine transactions can carry hidden risks. They also explain why specialist advice is often essential, especially with recent changes to reliefs like multiple...
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Beyond the Barn, the Business of Farming. This special farming mini-series is hosted by Laura Clayton, an assistant manager in the farms and rural business team, and in each episode Laura invites a different guest to share their expertise on various business topics affecting the farming and rural community. The series covers a range of subjects including tax, legal matters, succession, and inheritance, aiming to provide insights and tips to those living and working in agriculture. In this conversation, Laurie Hill and Jeanette Dennis from Ashtons Legal join Laura to discuss the complexities...
info_outlineLarking Gowen Insights
Beyond the Barn, the Business of Farming. This special farming mini-series is hosted by Laura Clayton, an assistant manager in the farms and rural business team, and in each episode Laura invites a different guest to share their expertise on various business topics affecting the farming and rural community. The series covers a range of subjects including tax, legal matters, succession, and inheritance, aiming to provide insights and tips to those living and working in agriculture. Laura is joined in this episode by Bruce Masson to discuss the significant changes to inheritance tax...
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George Crowe and Abi Davis discuss NHS pensions, focusing on the remedial pension saving statements and the implications of the McCloud remedy. They explain who should receive these statements, the reasons behind receiving them, and how to interpret the information provided. They also covers the necessary actions to take after receiving a statement, including reporting tax charges and utilising the cost claim back scheme for professional advice. GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch, email us at or visit We'd also love...
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VAT Director Gillian McGill and Tax Partner Dominic Carter discuss the latest updates from HMRC focusing on corporation tax measures, transfer pricing, permanent establishment, diverted profits tax, payrolling benefits in kind, and the implications of changes to the capital goods scheme for VAT. They also touch on the future of electronic invoicing and the government's commitment to reducing paperwork in taxation. They highlight the importance of understanding these changes for businesses and the ongoing consultations HMRC allow for stakeholder input. GET IN TOUCH! If you have any questions...
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Not for Profit specialists Giles Kerkham and Emma Hayward discuss proposed changes to the Charity SORP 2026 Consultation, detailing the timeline, key themes, and significant changes in reporting requirements for charities. They highlight the introduction of a three-tier model for income thresholds, enhancements in the trustees' report, and the implications of new financial reporting standards, including revenue recognition and lease accounting. They also emphasise the importance of feedback from charities and provide guidance on how to prepare for these changes. GET IN TOUCH! If you have...
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Andrew and Louise discuss the recent changes in contracts affecting general practices, focusing on financial implications, global sum uplifts, enhanced services, and the impact of QOF changes. They also cover maternity and sickness allowances, PCN funding, and the challenges posed by increased employers' national insurance and staff costs. The conversation emphasises the importance of budgeting and financial planning for practices while looking ahead to the future of primary care networks. GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch,...
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Dominic Carter and Gillian McGill discuss the complexities of taxation for property purchases, focusing on VAT implications, stamp duty land tax (SDLT), and the annual tax on enveloped dwellings (ATED). They emphasise the importance of understanding the nature of property acquisitions, the differences between commercial and residential properties, and the tax implications of corporate versus individual ownership. They also highlight changes in SDLT and the necessity of seeking professional advice to navigate the intricate tax landscape. GET IN TOUCH! If you have any questions about today’s...
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In this episode, Andrew Burwood and Louise Dean, discuss the implications of the McCloud judgment on NHS pension scheme members. They explore who is affected, the communication process from NHS pensions, the differences in pension growth between legacy and new schemes, and the importance of seeking professional advice. They also cover options for managing tax charges and the costs associated with professional guidance. GET IN TOUCH! If you have any questions about today’s episode or would like us to get in touch, email us at or visit We'd also love it if you could rate us 5 STARS on Apple...
info_outlineThere has been a significant shift towards digitalisation in the farming sector, from tractors right through to the books! Farming expert Will Wadsley joins Martin Bugg and Jessica Rafferty-Smith in this special agricultural focused episode of the How Digital Can Supercharge Your Business series. They discuss what the role of online accounting means to farmers in the day-to-day running of their farms, and how our experts are equipped to help with the transition.
If you’re a farmer or involved in a farming-related business and want to explore the benefits of cloud accounting and digital technology, this is the episode for you, as understanding the benefits of online accounts will play a pivotal role in enhancing decision-making, optimising operations, and planning for your future.
GET IN TOUCH! If you have any questions on today’s episode, and would like us to get in touch, email us at [email protected].
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For further information on today’s topic, and how we can help support you and your business, visit us at www.larking-gowen.co.uk
You can find more episodes from this series on our website larking-gowen.co.uk/LGI
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