Farm Income

Faughnan Financial Services act on behalf of many Farmers in Donegal and the North-West.  We take the worry out of sorting your accounts at year end. 

Contact us to receive professional advice in all areas including:

  • Farming accounts
  • Vat returns 
  • Vat 58 returns (un-registered Vat Farmers) 
  • Income Tax 
  • Land Investment/ Land Sale 
  • Leasing of Land 
  • Capital Gains Tax (CGT) 
  • Inheritance Tax 
  • Farming Grants and Subsidies 
  • Stock Relief Assistance
  • Department of Agriculture, Food and the Marine forms/applications

Accounts :

Annual sets of Year-End Accounts and Financial Statements, as well as Management Accounts are prepared and filed for Clients with a wide-range of income types. These include the Self-Employment / Sole Trader sector; Partnerships; unaudited Limited Company accounts; Rental Income accounts and Farm Income accounts. 

Vat :

VAT returns are prepared for a wide range of small to medium-sized businesses including retail, building contractors, public houses, the Arts and the professional services industry, as well as farming. 

Income Tax Returns :

We facilitate the preparation and filing of Irish (ROI) Tax Returns as well as UK Tax Returns. With a very competitive fee structure we are willing to consult with customers who require professional tax advice.    

Capital Gains Tax (CGT) :

Capital Gains Tax is chargeable on gains arising from disposal of an asset, most commonly property/land. This can be a gain from a family relative or non-relative. Contact us to find out if it is chargeable in your situation.   

Grants and Subsidies :

There are a range of grants and subsidies payable to Farmers by the Department of Agriculture, Food and the Marine. Contact us to find out if there are tax implications for Single Payment Schemes or if you need information in support of Farm Assist payments as well as a range of other governmental issues.