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Showing posts with label Haines Watts Bideford. Show all posts
Showing posts with label Haines Watts Bideford. Show all posts

Friday, 16 May 2014

Award-winning Chartered Accountants pocket a victory

Bideford-based Haines Watts North Devon LLP sponsors the Bideford and District Snooker League.  Haines Watts recently celebrated national success being named as ‘Accountancy Firm of the Year – Small, Medium Size Entities (SMEs’) at the annual Financial Directors (FDs) Excellence Awards.  It is a double celebration as the Haines Watts ‘Hustlers’ team from the 2013/14 season won the first division title. 

Jason Walker / Andy Hicks / Jonathan Gifford – Partner, Haines Watts North Devon / Jamie Thompson – Haines Watts North Devon 

Haines Watts Partner Jonathan Gifford together with work colleague Jamie Thompson and fellow ‘Hustlers’ team members have been playing together for 5 years.  In two out of the last three years they have won the 1st division.

Trophy presenter and former professional Andy Hicks, made a tournament 147 maximum break in 2012 and is a former world championship semi-finalist.  On the night he played some exhibition frames against both winners and sponsors.

Jonathan Gifford of Haines Watts made a sponsors speech at the end of the presentation which included a mention of the late Kenny Walters a long-standing league and committee member who sadly passed away shortly before the presentation evening.


Jonathan Gifford, Partner Haines Watts North Devon LLP says: “The team spirit and enthusiasm of the ‘Hustlers’ helped us to victory and it’s great news for Haines Watts to win two very different types of awards in quick succession.  It was a very enjoyable evening for all and a fitting tribute to Kenny Walters who is sorely missed.”


www.hwca.com/accountants-north-devon/


Tuesday, 13 May 2014

Farmer's Tax Win

HM Revenue and Customs has a longstanding policy of not reopening settled cases, even when subsequent decisions change the case law. So it was a significant victory for Doug Robshaw, tax manager at Haines Watts in Hereford, and his client when they persuaded HMRC to review a claim for Agricultural Property Relief (APR) on a farmhouse and secure a rebate.

The decision to appeal was promoted by the 2013 Tax Tribunal case (HMRC v Hanson) which successfully challenged HMRC’s view that APR could not be granted on farm houses where the surrounding land was not in common ownership.

The farmhouse was occupied by the deceased’s son, who farmed the land, but the ownership of the land had been split between family members.  The tribunal found the occupation of the land was also relevant in assessing eligibility and APR was therefore granted on the farmhouse.  The situation where farmland is not in common ownership with the farmhouse is not usual, but HMRC’s willingness to review settled cases is.

Although the client’s circumstances were similar to Hanson – he owned and farmed the land but prior to her death his mother owned and occupied the farmhouse – there was no guarantee that HMRC would reopen the case which dated back to 2009.

However Doug, having previously worked for HMRC for 12 years, had a good understanding of how the system works and the best approach. “Having submitted the necessary paperwork, I engaged with the tax inspector who originally handled the case and there was a continued dialogue throughout the whole process. This was I was able to move the case along and provide supporting evidence.”

“I think I was also assisted by a general tide of good will towards a farming community facing adversities after the recent floods.”

Both Doug and his client were delighted when HMRC agreed to refund the Inheritance Tax paid on the farmhouse, which amounted to £120,000 along with £9,500 of accrued interest.

Doug feels the decision opens the doors for others to claim APR retrospectively.  But he added: “Each case needs to be assessed on its own merit. Potential claimants need to ensure they get expert advice on whether to proceed or risk incurring professional fees.” 

For  farm tax or agricultural advice contact Haines Watts North Devon and Haines Watts Rural Business LLP 

www.hwca.com/accountants-north-devon

01237 471736






Thursday, 24 April 2014

South West Farming Consultancy warns farmers deadline for claiming Single Farm Payment looming

Haines Watts Rural Business is busy helping farmers across the region apply for the 2014 Single Farm Payment (SPS) which is due by the 15th May 2014.

The farming consultancy which assists farmers across the South West with grant funding applications and agricultural advice, understands that in 2015 paper claim forms will not be available and claims will have to be submitted via the new online claim system.

Crops planted in autumn 2014 will fall under the Basic Payment Scheme (BPS) rules when it begins in January 2015; the BPS rules include greening which contains crop diversification and ecological focus area’s which will affect some farms. 

Haines Watts Rural Business LLP provide a unique combination of agricultural and financial expertise to rural business in the South West. The firm offers both personal and business support to managers and owners to develop and put in place tailored farm strategies, annual plans and improvement projects together with technical advice.  In addition they provide grant advice and assistance with applications including RDPE grants and offer practical advice on planning applications. 


Haines Watts Rural Business farming consultant Lucy Thomas says:  “We are helping busy farmers to complete SPS 2014 forms in preparation for this transition.   The Common Agricultural Policy (CAP) is proposing to have future claim forms submitted digitally by default from next year; as a result we are actively encouraging and assisting farmers to complete their 2014 SP claims on-line this year.  In addition farmers need to start considering crop planning for the autumn; in preparation to comply with future greening/ cropping legislation for the new rules and regulations for the new scheme which transfers on the 1st January 2015 to Basic Payments Scheme (BPS)."





The deadline for RPA to receive SPS 2014 applications (without penalty) is midnight 15 May 2014.  For any assistance with SPS, planning for BPS or completion of SPS forms (either online or paper format) or any agricultural consultancy advice please do not hesitate to contact Lucy Thomas HWRB
M: 07711002786 or lthomas@hwca.com

Wednesday, 9 April 2014

Dairy farmers make sure you take care of your profits

Mike Feneley, Partner with Haines Watts Rural Business talks about the upsurge in profits for Dairy farming businesses and offers sound advice on how farmers can use these effectively over the coming year…

Dairy farming profitability is on an upward path due to better milk prices, better climatic conditions and more attractive costs of production giving great opportunities to the dairy farming community.  It is a time where businesses need to plan carefully to ensure they utilise any extra profits effectively for the future.  There is no doubt that there will be many suppliers to the dairy industry who will be licking their lips in anticipation of the sales that they can make due to the extra profits being made within the industry.  It is vital for any dairy farming business and for any business to ensure that those hard won profits are used efficiently to achieve their objectives.

Mike comments; “Currently there are fabulous opportunities available for dairy businesses. It is an excellent opportunity to drive business forward in a positive way, however, farmers must ensure they plan it effectively so they are not disappointed by the results.  Hopefully during the year ahead it will allow dairy farmers to produce some really positive results which can reward them not only financially but also in the sheer pleasure of running an effective dairy farming business.”



Looking ahead to the next twelve months Mike recommends giving thought to the following:

-          When you are looking to the next twelve months firstly focus on the basics of running an effective and profitable dairy business, before you start adding extras.  For example, make sure that your soil PH is the correct level to make good use of your nutrients before you start buying a special trace element fertiliser.  There are many areas of a dairy business where you can get distracted by adding extras first. The most profitable dairy businesses focus on getting the basics right first.


-          Make sure whatever investment you are planning enhances the use of the assets you currently have available.  The assets you have available include your own likes and dislikes in terms of the type of system you like to run.  Remember if a businessman enjoys what they are doing because the system they are operating suits them, then they will always achieve the better results.

-          Be careful in your investments to ensure that they do not add extra complexity to your existing farming business.  In my experience adding complexity to a business often adds extra cost that doesn’t necessarily create any extra margin.  Try to keep things simple and streamlined in whatever farming system you are running to get the best possible results from your efforts. Make sure your investments are fully researched, getting guidance from independent people who have experience in that area.

-          Focus your investments on achieving your own business and personal goals.  Do not get distracted by investing in your business based on fads and fashions that others may try to sell you.

-          When making additional profits if there are not obvious investments you need to make consider building financial strength by either debt repayment or building your credit balances.  This may sound a little old fashioned but it is far better to build financial strength in a business than it is to spend on capital investment that may not be appropriate for your farm at that specific time. Remember that investments in a buoyant period are often more expensive. Always make sure your business is financially strong before any potential downturn as there are often better value investments in those periods.

-          When you are contemplating your investments for the future work closely with your accountant to ensure that they are purchased in the most tax effective way.  Remember to make the decision on a commercial basis first and then get the tax situation sorted after you have made the right commercial decision.





Thursday, 23 January 2014

Rural consultancy hosts Cowsignals training day

A bespoke Cowsignals® workshop organised by Haines Watts Rural Business LLP attracted 50 dairy farmers from across Devon and Cornwall. The basis of Cowsignals® is observing the cow’s body language and translating it to management. It lays a solid foundation for the management of farms and helps to demonstrate how to monitor and improve management to ensure that farmers and cows are achieving optimum health, performance and welfare on farms.


Lucy Thomas ­ Haines Watts Rural Business / Emily Bates ­ Cornish Mutual / Mike Feneley ­ Haines Watts Rural Business / David Wilde ­ Certified Cowsignals Trainer / Bruce Forshaw ­ Harpers Home Mix 
   

The special training day sponsored by Cornish Mutual and Harpers Home Mix Ltd with funding accessed via Healthy Livestock, was held at Shernick Farm, Bridgerule in Holsworthy, a family partnership of Husband and wife Trevor and Ingrid Bray and their son Richard with a total dairy herd of 350 cows. 

The Cowsignals® concept developed by Jan Hulsen and Joep Drissen of training company Vetvice based in the Netherlands is active in over 45 countries.  The basis of the training is to observe cow’s body language and translate it to management to help prevent disease and have happy cows.   

Haines Watts Rural Business appointed David Wilde a Ruminant Nutritionist and Product Manager for Massey Feeds, sister firm to Harpers Home Mix Ltd, as the trainer for the day. 
A Cowsignals® master trainer for over two years David’s full-day training included both theory and practical exercises for the farmers.  The group looked at cows, and David demonstrated where farmers can learn to pick up the cow’s signals and use them effectively.   

David Wilde, Certified Cowsignals® Trainer says: “The concept was devised in 1997 by Dutch vets as a tool for dairy farmers to reassess and revaluate their herds and look at what they are telling us.  Over the last 4 – 5 years it has moved at a rapid pace worldwide and is now in trained in nearly 50 countries.  It gives a fascinating insight into what the cow is telling us and what small changes may make a world of difference to her.  Cows give out signals all the time about the environment in which they are living and whether they are happy or discontent.  Cows don't know how to lie and the purpose of the training day was to educate farmers to recognise the host of signals they give and to recognise how they are feeling.  Farmers can then interpret this body language and act on it.  An example is are we doing the best we can in the housing area during winter to mimic the natural and healthy outdoor environment?  Content and comfortable cows who are eating well provide better milk and higher fertility, which is something farmers should take very seriously.”

Haines Watts Rural Business LLP provide a unique combination of agricultural and financial expertise to rural business in the South West. The firm offers both personal and business support to managers and owners to develop and put in place tailored farm strategies, annual plans and improvement projects together with technical advice.

Lucy Thomas, Farming Consultant – Haines Watts Rural Business LLP says:  “We wanted to organise this special event to give our farming clients the tools they need to do their job more effectively and help to have a more profitable business as a result..  The invaluable training and expertise given by David means that they will have healthier and more content cows which in turn will increase the milk yield and help them to make more money and grow the business.  It was also a great way of bringing our farming clients together to share their own knowledge and experience.  The feedback has been very positive and it has proved to be a very successful and worthwhile day.”

One of the farmers who took part in the training was new business owner, Jim Tucker of Larrick Farm based in Launceston.  A former dairy farmer he gave up the original business in 1999 when interest rates were high and has been a part-time farmer and builder for the last 12 years.  Six months’ ago he set up a new dairy farm business with 60 cows and uses the revolutionary Robotic Milking System which works 24/7 which means he can monitor the milking remotely as any problems are texted to him on his mobile phone.

He says: “I am fortunate in that as a brand new business I have a modern and high-spec farm and it was reassuring to find that many of the infrastructures and practices I have put in place were recommended by David Wilde to create the right environment for a happy herd.  I really enjoyed the training day and to have an expert guide us through what signs we should be looking for.  It was also very beneficial to come and see a large and successful working farm and share experiences with other farmers.”


Shernick Farm, Holsworthy was the host farm for the event.  Co-owner Richard Bray comments:  “We have developed a long-term relationship with Haines Watts Rural Business who have helped us make improvements to the farm  and also as importantly tell us what we are doing right in order to grow the business so  we were more than happy to host this event on their behalf.   It was a great day and a fascinating subject.  The group were all progressive farmers who saw the benefits of giving up a day working on their farms to get invaluable expertise and knowledge from an expert on how we can make our herds more comfortable and have happier and healthier cows. It was also a good opportunity to talk to fellow-farmers and share information.”


www.hwca.com/agricultural_consultants 

Monday, 21 October 2013

Local Chartered Accountants Expand Corporate Team

L – R
John Edwards and Louisa Roberts
Haines Watts North Devon

Bideford-based chartered accountants Haines Watts North Devon LLP announces the new appointment of 29 year old Louisa Roberts as Senior Commercial Manager.

Experts in analysing commercial challenges and opportunities, Haines Watts North Devon offers practical solutions in accounting, tax planning, retirement and succession servicing an extensive portfolio of over 500 owner managed businesses including corporate, professionals, small businesses and sole traders across the South West. 

Born and bred in North Devon, Louisa was a former student of West Buckland School.  After a University education she joined her parents in their thriving electronics business based in Bideford giving her real life experience of how a family business operates. Louisa then went to work for a local accountancy firm and became a Chartered Accountant in 2011.   

Louisa joins former colleague Matthew Melksham to strengthen the growing corporate team.  She comments:  “I am looking forward to taking on this new role and working with Matt again as well as the other partners.  Haines Watts has a client-centred approach which means that we can take the time to really understand the client’s needs. My role is to look after owner managed businesses of any size and my experience has given me a good grounding in what is important to business-owners.  With a strong audit background I believe as a team we can really add value to the larger corporate businesses in North Devon”.

Matthew Melksham – Partner Haines Watts North Devon LLP says:  “It is great to work with Louisa again as she brings her enthusiasm and vast experience in the sector. Louisa will fit very well into our team as she understands that as a practice we are here to help our clients prosper and grow”.  

www.hwca.com/acccountants-north-devon

Tuesday, 6 August 2013

Rural Consultancy Appoints New Farming Consultant


Haines Watts Rural Business LLP, sister firm to Bideford-based Chartered Accountants Haines Watts North Devon LLP announce the appointment of Lucy Thomas as a farming consultant.  Rural Business LLP agricultural consultants assist with decision making in response to ever-changing agricultural market conditions and cover all aspects of farm business management with clients across the South West.

A farmer’s daughter, Lucy graduated from Harper Adams with honours gaining experience in Land agency including Land Sales, Single Farm Payment and Planning when working for Rendells.  Lucy followed on as a South West Food and Farming Adviser for the National Farmers Union prior to joining Haines Watts Rural Business. 

Lucy’s new role is to be actively involved with clients offering sound advice and support in response to the dynamic agricultural market.   She will provide farm consulting on all aspects of rural business including budgeting, landlord and tenant matters, planning applications, grant schemes and technical performance across the region.
 
Lucy Thomas, Consultant – Haines Watts Rural Business LLP says: “I am passionate about farming and very excited about this new role with a well-respected firm which specialises in the agricultural sector. I am looking forward to supporting the team and also working with clients and getting in new business.”

Mike Feneley, Partner Haines Watts Rural Business LLP says: “At Haines Watts Rural Business we understand the challenges faced by progressive and dynamic agricultural enterprises.   Lucy has farming in her blood and her knowledge and passion for agriculture will be a great asset to the Haines Watts team.  As the youngest member of the team she has a dynamic and enthusiastic personality coupled with impressive qualifications and practical experience. We are delighted to have her on board.”

Wednesday, 31 July 2013

Matthew's delighted to join six others as partner at firm


PARTNERS: Jonathan Gifford and Matt Melksham
with managing partner John Edwards.

Matthew Melksham has been promoted to partner at Haines Watts North Devon LLP. The appointment brings the number of partners at the Bideford office to seven.

Matthew, 34, started his career in his home city of Bath in the catering and hospitality trade, which provided him with hands-on experience in business and a strong customer-focused approach.



For six years he was based in Somerset where he advised both corporate and non-corporate, owner-managed businesses before he moved to North Devon seven years ago.

Matthew has been working as an accountant for more than 12 years and joined Haines Watts' Bideford office as a senior manager in December 2012 to look after the firm's corporate clients.

John Edwards, managing partner at Haines Watts North Devon, said: "We welcome Matt as a new partner. His accounting expertise coupled with a broader business experience makes him a well-rounded business adviser.



"The feedback I have received from clients is that Matt's excellent communication and technical skills mean he is a man you can talk to and trust. In addition to his impeccable qualifications and experience, he brings with him dynamic enthusiasm to do the very best for his clients, which absolutely fits the ethos of Haines Watts North Devon."

Matthew said: "I am delighted to be a partner and am looking forward to my new role in the firm. I believe that all businesses deserve the best advice possible, and with Haines Watts's national backing and expertise we can provide this at competitive local prices.

"I provide a personal service including accounting, tax and business advice to incorporated and non-incorporated business entities, owner managers and sole traders by giving a structured, pragmatic and timely advice to help grow clients' businesses.

"My role covers the areas a financial director would normally deal with, which allows the owner or managers more time to concentrate on the other aspects of the business, with the added advantage that they don't have to pay a full-time financial director's salary.

"Using the resources of Haines Watts I look to grow the net worth of the owner managers I work with and ensure that all is done to the highest standard."

Visit www.hwca.com/accountants-north-devon for further details.

Read more: http://www.thisisdevon.co.uk/Matthew-s-delighted-join-partner-firm/story-19536072-detail/story.html#ixzz2acUDhLlR