At Gymraeg consulting, we specialize in providing accountancy services tailored to the unique needs of farmers and agricultural businesses in Wales. Whether you're a small farm or a larger agricultural operation, our team is dedicated to helping you manage your finances, comply with regulations, and achieve long-term success.

1. Bookkeeping & Farm Accounting

We take care of your day-to-day financial records, ensuring accurate tracking of income, expenses, and transactions. Our farm-specific bookkeeping services also include managing your stock, machinery, and land records.

2. VAT Returns & Agricultural Tax Relief

We help with VAT registration, compliance, and filing VAT returns, ensuring you meet all HMRC requirements. We also advise on agricultural-specific tax reliefs, such as VAT on farming supplies and Agricultural Property Relief (APR).

3. Tax Planning & Advice

We provide expert advice on income tax, capital gains tax (CGT), and other tax-related matters. Our proactive tax planning ensures that you take full advantage of agricultural tax exemptions and allowances, helping you reduce your tax liabilities.

4. Annual Accounts & Tax Returns

We prepare annual accounts tailored to your farming business, whether you’re a sole trader, partnership, or limited company. We also handle your Self-Assessment tax returns and ensure you meet deadlines, helping you stay compliant with HMRC.

5. Farming Grants & Subsidies

Our team helps you navigate available grants, subsidies, and support schemes for farmers, including Basic Payment Scheme (BPS) and Environmental Stewardship programs. We ensure you're aware of all opportunities to maximize government support.

6. Cash Flow & Budgeting for Farms

Farm cash flow can be unpredictable. We help you create cash flow forecasts and manage budgets, ensuring you have the funds needed to cover operational costs, investments, and seasonal fluctuations.

7. Succession Planning & Farm Valuations

Planning for the future of your farm? We assist with succession planning, helping you prepare for a smooth transfer of the business to the next generation. We also offer farm valuations to help with sale or inheritance planning.

8. Payroll & Employee Compliance

For farms with employees, we manage payroll, ensuring compliance with National Insurance, PAYE, and other employment-related regulations. We also advise on farm-related employment allowances and tax credits.

9. Asset Management & Capital Allowances

We guide you on maximizing the value of farm assets, including machinery, buildings, and land. Our team ensures you take advantage of capital allowances and other tax reliefs to offset the cost of capital investments.

10. Compliance & Regulatory Reporting

Farming businesses are subject to various regulatory requirements. We ensure that your business remains compliant with agriculture-specific regulations, including reporting to DEFRA (Department for Environment, Food & Rural Affairs) and other local authorities.