Why agriculture is unlike any other sector
Agricultural accounting has features found nowhere else: state agricultural subsidies, biological and non-biological assets, farmland leased from hundreds of separate owners, deep seasonality in income and costs, and fuel excise duty. Few accountants have ever handled any of it.
Our experience in agriculture
The managing partner of Fin Logic is a working finance director of a group that includes agricultural companies. This is not textbook knowledge — it is daily work with:
- Subsidies under the single area payment and agri-environmental schemes
- Farmland leases — hundreds of contracts with different owners
- Stock accounting for grain and produce
- Depreciation of agricultural machinery (combines, tractors, implements)
- Seasonal workers and the payroll reporting they require
- Excise duty and reclaiming fuel excise
A unique advantage: Our CFO experience in an agricultural group means we understand not only the accounting but also the business logic of farming — when to sell the grain, how to structure the leases, how to optimise the cost of the season.
Specific services for farmers
- Accounting for subsidies — recognising the income correctly
- Lease contracts — bulk processing of hundreds of rent payments
- Stock accounting for produce (grain, fruit, vegetables)
- Payroll for seasonal workers (short-term contracts)
- Tax planning around seasonal income
- Preparing a seasonal credit application (from a former bank credit specialist)
- Profitability analysis by crop
The tax treatment of a farming business
Farmers who are individuals have their own tax regime (a statutory 60% deemed expense allowance). Companies pay the standard 10% corporate tax. Choosing the right form makes an enormous difference to the final bill. We calculate exactly which structure is optimal for your farm.