A timely, professional personal service and tailored advice to meet each individual farmers needs is at the heart of what we do.

Services include:

• Business and Farm Accounts
  • Running a successful business, be it farming or any other type of business, is hugely demanding and requires many skills and hats to be worn. At Kenneth Hayes & Co Ltd we bring the personal touch to accounts preparation and interpretation, providing insight to assist with financial planning and strategic decision making. In-depth knowledge of the farming sector allows for helpful interpretation and farm specific advice. Dealing with preparation of financial statements and ensuring compliance with tax filing obligations help to allow farmers to stay focused on the complex and challenging business of running their farms, and allowing other business owners to concentrate on the complexities of running their businesses.
• Management and Financial Accounts
  • Detailed management accounts are a crucial tool in the management of any farm or business. At Kenneth Hayes & Co Ltd we provide detailed analysis on both income categories and expenses categories, which in turn provided a great basis for assessing financial performance and making sound management decisions. Similarly, detailed balance sheet, assets, liabilities and capital account are a significant aid to management of farms and other businesses.
• Income Tax, Corporation Tax, VAT and PAYE Returns
  • Compliance with income tax, corporation tax, VAT, PAYE, CGT, CAT, LPT are an absolute must for all farms and other businesses in order to avoid Revenue compliance interventions and audit. The tax landscape is ever-changing and Revenue compliance interventions are highly targeted based on identified risks rather than random selection. Using data analytics, AI, and third-party data, Revenue authorities focus on specific issues and taxpayers.
• Annual tax returns for Directors
  • Proprietary company directors who hold greater than 15% of the company share capital are obliged to file a self-employed Form 11 tax return We provide tax return services for companies, self-employed individuals, directors, and private clients. Our process includes reviewing your position for reliefs and deductions, flagging potential liabilities early, and keeping your tax obligations under control.
• Rental income accounts
  • It is mandatory for landlords and property owners to prepare rental income accounts that declare all rental income and claim relevant rental expenses and allowances. Special provisions apply to non-resident landlords who may need to appoint a collection agent meet Revenue requirements We help to track rental income and allowable expenses to ensure that you stay compliant while optimising your position.
• Personal and Company Taxation
  • Whether trading as a sole trader, partnership or company, we ensure compliance with tax legislation and filing requirements. Farmers and other business owners work extremely hard running their businesses and generating profits. Therefore, it is crucial to retain as much profit as possible and we work closely with you to minimise the amount of tax payable, which in turn frees up additional funds to invest in your business, grow your assets or help fund your retirement
• Banking Borrowing
  • Adequate and appropriately structured funding of your farm business is crucial. Whether borrowing is secured or unsecured, short term or long term, hire purchase loan or lease, we assist our clients to access suitable finance. Cash flow, capital investment for farm development in land/buildings and asset finance for machinery are key drivers of business. Building relationships with finance providers and maintaining up-to-date financial statements are key components to achieving required funding.
• Advice on trading structure whether sole trader, partnership or company
  • Most farmers trade as sole traders, although in recent years partnerships, companies and a combination of these trading structures are very much part of the farming landscape. Selecting the most appropriate trading structure is influenced by many factors including strategic goals, age profile, scale of enterprise, profitability, borrowing requirements, expansion plans, succession plans – and of course tax. We understand the competing interests and support all parties to consider the various options and ultimately make informed decisions.
• Unregistered farmer VAT claims
  • Revenue have taken a much stricter approach to their assessment of farmer claims for VAT refunds. VAT legislation stipulates that farmers can reclaim VAT on the construction, extension, alteration or reconstruction of farm buildings or structures; the fencing, draining or reclamation of farmland; the construction, erection or installation of qualifying equipment for the micro-generation of electricity for use mainly in the farm business. Therefore, great care and attention to detail are required when submitting VAT claim, especially for fixed equipment. Good quality invoices are essential and in most cases the claim should be accompanied by photos of the works.