How do the ICAEW know this?
We should be told!
I am not going to rant on anymore about Brexit, as one could say that it is actually a demonstration of democracy working rather than the contrary.
However, the Institute of Chartered Accountants (of which we are members) have recently come up with a ‘Brexit checklist’. Given that the politicians do not know the outcome, I fail to understand how relevant this may all prove, but for those of you thinking beyond 31st October may I draw your attention to the article. I will gladly forward it on to anyone who requests it.
It’s that time of the year again and on Saturday 3rd August we will be attending at Blakesley Show as usual. Do please call in if you are attending.
This year we are also sponsoring a new initiative, with the idea of promoting increased cattle numbers. Working alongside Kenilworth and Blaston shows, entrants at all three shows are rewarded with additional points for their attendance and as we all know, points make…….prizes.
A new round of farm grants has been released, effective from 9th July 2019. Applications have to be received by 3rd September 2019. (midday)
The eligible items of machinery have risen in number to 80 and the list has been extended to include:
Silage Pushers and Auto-steer conversions for older tractors.
The minimum claim is 3,000 and the maximum 12,000. In total there is 15million available.
For further details and how to apply please contact 01604 -622274. Good luck.
Gemma Parnell, our new payroll manager who works alongside Chris and Cath in the department. We have been looking to expand the department for a while and now have the right staff in the right place to facilitate.
Will Barratt, a college leaver has also joined as a AAT student.
We welcome both to 7 Billing Road.
No one really enjoys uncertainty and this year farmer’s currently have a surfeit of it. The usual factors of weather, growth, conception and yields are currently joined by some new contenders; Brexit, the effect of WTO tariffs and subsidy withdrawal to name but three. (Heaven help us if Mr.Corbyn were to assume power, that would certainly be number 4.)
There is also a marked differential between the old and new. The former are natural phenomena, largely outside the control of humans, let alone farmers, whilst the latter are wholly of human creation and some might say borne out of needless stupidity.
However, the potential effects of both categories may be same. Either can decimate the farming profit and loss account. The key question appears to me to be ‘for how long’ are the man made uncertainties to last. Farming is a well capitalised industry and can absorb and survive most short term failures, that has always been the case.
But. It has always been the case that British (and European production) cannot viably compete with the US on a world market. That fact has always been recognised by way of commodity price support which has lately morphed into a reward for ‘good agricultural and environmental conditions’. Without such support, European farmers will struggle to survive, let alone compete.
Therefore the fear is currently that man has the ability to self harm to a far greater extent than mother nature has traditionally inflicted. Uncertainty or stupidity?
Wef.1st April 2019 the new MTD compliance regime comes into play. If you require help in this connection please let us know and we will do what we can to help. For those clients who have opted for our in-house solution please follow the directions on our website page marked MTD – login for clients.
Please find a link to the Guardian article concerning the above. Scary stuff – but could it happen here too?
It would appear that the most sensible issue surrounding MTD is its implementation date – 1st April 2019. Very ironical.
We have tried to keep our solutions easy to understand and as cost effective as possible, so please see the separate page on the website dealing with the matter, which is essentially one of enforced computerised bookeeping.
My biggest complaint is that this major change in the reporting of business transactions went through parliament without even being debated. (They were too busy messing about with Brexit). This seems to me to be a major infringmenet of civil liberty, but one that has never even been discussed, or the implications explained. Such is life…..
2019 has already started off with the farce that is Brexit showing no sign of resolution. Only the Brits could get themselves into this sort of pickle, largely through a mixture of disinformation, stubbornness , nostalgia and pride.
Clearly, until the mess has been sorted the country lies in limbo, waiting to see what happens. There is absolutely no doubt that in the meanwhile businesses large and small are waiting to understand the outcome and as a result, business inertia has certainly grown. Oh dear.
On the agricultural front there is also little optimism, with the apparent rise of veganism and exorbitant fodder prices to feed what animals are still being reared. One wonders what the purpose of the mandible is if we are simply to suck on eggs and vegetables in the future.
However, to end on a positive note, it has always been the case that major issues will always breed major opportunities. So, may I suggest that we consider lorry parking and vegetable dicers as possible diversification projects?
Happy new year and we haven’t even mentioned MTD (!)