Farming Chit Chat II

just do it · 10-09-2013 02:20PM

delaval wrote: »

I can assure you they're swans alright. Absolute professional

Good farmer alright and nice couple. Must keep an eye out for the book, I'd expect it to be an honest account of things.

bob charles · 10-09-2013 02:20PM

delaval wrote: »

I can assure you they're swans alright. Absolute professional

who wants to read about someone blowing

Username John · 10-09-2013 02:27PM

just do it wrote: »

Jeez you're right, it's that time of year again :rolleyes:

Ah Christ, hadnt realised it was so soon...

:mad:

Whats the date for tax returns? Is it 31st Oct?

JohnBoy · 10-09-2013 02:28PM

yup, started last night, sorted through the filing cabinet, the laptop bag and the jeep to come up with a fine pile of paper, got them into their monthly envelopes.

we'll start keying them up into access tonight

RaggyDays · 10-09-2013 02:29PM

whelan1 wrote: »

was in accountants yesterday, a lad came in with 4 letters about an upcoming revenue audit, the audit is to be held over 2 days , going back over 4 years accounts:eek::eek: the accountant that deals with him is on holidays and the client has only moved to this accountant in the last few months... whats the story there does the accountant apply to the old accountant for the details from the last few years?

When he moved accountants then he would have got the accounts from the last one.
Must be some reason for the tax audit, never-mind the bullsh1t that its random it never is

just do it · 10-09-2013 02:41PM

JohnBoy wrote: »

we'll start keying them up into access tonight

I'd say your accountant loves you! How do you find access? I've never bothered with it as I was advised you need to use it regularly to justify learning how to use it.

mf240 · 10-09-2013 02:41PM

bob charles wrote: »

who wants to read about someone blowing

That was never the impression I got.

just do it · 10-09-2013 02:50PM

In fairness to Robin he is in the top few percentile of farmers. It's not that he's boasting, and in fact he gives the good as well as the bad. He has the good land, and farms it to it's full potential. Wish I could say the same on either or both fronts!

bob charles · 10-09-2013 02:55PM

just do it wrote: »

In fairness to Robin he is in the top few percentile of farmers. It's not that he's boasting, and in fact he gives the good as well as the bad. He has the good land, and farms it to it's full potential. Wish I could say the same on either or both fronts!

maybe I just took him up wrong, just he mentioned bull****e territory yields from crops last year and I switched off. :rolleyes:

Kovu · 10-09-2013 02:57PM

just rang the balls of one accountant and it felt so gooooood

lakill Farm · 10-09-2013 03:06PM

bob charles wrote: »

My accountant is bombarding me with calls and emails for my 12 accounts. Thats a day of misery ahead, have lost count the amount of time he has rang and I couldnt bring myself to answer :rolleyes:

Haha . I bet he is billing you 0.25hours for each call. :eek:

lakill Farm · 10-09-2013 03:10PM

whelan1 wrote: »

was in accountants yesterday, a lad came in with 4 letters about an upcoming revenue audit, the audit is to be held over 2 days , going back over 4 years accounts:eek::eek: the accountant that deals with him is on holidays and the client has only moved to this accountant in the last few months... whats the story there does the accountant apply to the old accountant for the details from the last few years?

Yes unless the client has all the details. Remember you have to keep books and records for at least 6 years

lakill Farm · 10-09-2013 03:11PM

Username John wrote: »

Ah Christ, hadnt realised it was so soon... :mad:

Whats the date for tax returns? Is it 31st Oct?

Ros deadline of Middle of November

lakill Farm · 10-09-2013 03:16PM

RaggyDays wrote: »

When he moved accountants then he would have got the accounts from the last one.
Must be some reason for the tax audit, never-mind the bullsh1t that its random it never is

Got to agree.

Took over a client in April. 5 years accounts, vat , rental and undeclared income and revenue had the horns out with estimates of € 250-450k

Oh and the old accountant in cavan went AWOL late April. It was a mess.:o

Anyway we are getting there and almost have it completed.

And the reason for the audit? €125k VAT refunds over 5years.

Another audit recently. Never did farm accounts. flagged on system for receiving a very small SFP. that small it wount fill the new tractors with a tank of diesel.

lakill Farm · 10-09-2013 03:18PM

Kovu Murr wrote: »

just rang the balls of one accountant and it felt so gooooood

Why do ye all think bad of your accountants?:eek:

Are ye all coming to meet us at the ploughing. Stand 447 Row Y:D. "never miss a genuine opportunity":cool:

jersey101 · 10-09-2013 03:27PM

Interesting info at the heifer rearing open day. 50ha on home block and 20ha leased. Cows doing 5,400l pr 3.66 bf 4.32. Start calving is 14th jan and mean calving is 2nd feb. 6 week calving rate is at 78% and 3 week submission rate at 84%. Cost him 1300e to rear a heifer inc land lease. Very good farmer and pays good attention to detail. Seen very little machinery on the farm also.

redzerologhlen · 10-09-2013 03:27PM

Kovu Murr wrote: »

just rang the balls of one accountant and it felt so gooooood

Howr you fixed for doing a few yearlings...I was always a bit nervous of the kick myself!! :P

simx · 10-09-2013 03:28PM

lakill Farm wrote: »

Why do ye all think bad of your accountants?:eek:

Are ye all coming to meet us at the ploughing. Stand 447 Row Y:D. "never miss a genuine opportunity":cool:

I think ya may have a boards member discount iakill

whelan1 · 10-09-2013 03:43PM

RaggyDays wrote: »

When he moved accountants then he would have got the accounts from the last one.
Must be some reason for the tax audit, never-mind the bullsh1t that its random it never is

yup, secretary was saying they just pick people at random, i had an audit a couple of years ago and there was a reason

lakill Farm · 10-09-2013 03:48PM

simx wrote: »

I think ya may have a boards member discount iakill

Always open to ideas but currently have an amazing offer for the ploughing match.

JohnBoy · 10-09-2013 03:56PM

just do it wrote: »

I'd say your accountant loves you! How do you find access? I've never bothered with it as I was advised you need to use it regularly to justify learning how to use it.

we'd be fairly straightforward anyway, but being an IT guy I had to have some sort of "system" so I created a basic access database, I'll add a bit to it each year, dont use excel in the day job so it involves a bit of head scratching at times.

My aim is to have something that might calculate a tax projection and basic p&l

And I tell myself every year that next year we'll do some mid-year accounts to better understand our tax situation, but so far we havent managed that.

RaggyDays wrote: »

Must be some reason for the tax audit, never-mind the bullsh1t that its random it never is

Very true. There's pretty much no data protection rules in revenue either, sometimes when a company is being audited they're not actually being audited themselves at all. it can actually be a customer or supplier of a given business that's the real target.

ie you're telling the department that you're only small fry, but they audit the co-op and suddenly they know how much milk you've produced and how much meal/fert you've bought over the last few years. they dont look at paper anymore, it's all exports from accounts packages. some clever boys back in revenue with some data modelling skills can pop anomalies out of the system very quickly.

whelan1 · 10-09-2013 03:57PM

lakill Farm wrote: »

Always open to ideas but currently have an amazing offer for the ploughing match.

aswell as the lollipops?

lakill Farm · 10-09-2013 04:05PM

whelan1 wrote: »

aswell as the lollipops?

Haha. Yes

.

One person on twitter asked for gluten free muffin. and guess what is in the freezer ready for the Wednesday. yes that's right :rolleyes:

delaval · 10-09-2013 04:20PM

Why aren't ye're accounts done since last Feb? It's impossible to plan without getting them done early. I get a discount for having all info in to them in Jan

lakill Farm · 10-09-2013 04:24PM

delaval wrote: »

Why aren't ye're accounts done since last Feb? It's impossible to plan without getting them done early. I get a discount for having all info in to them in Jan

Some people dont see it like that. Approx what discount do you get?

delaval · 10-09-2013 04:31PM

lakill Farm wrote: »

Some people dont see it like that. Approx what discount do you get?

I get 3 free meetings a year which I use for planning purposes

delaval · 10-09-2013 04:47PM

bob charles wrote: »

who wants to read about someone blowing

Reminds me of the American tourist who went to a sea good restaurant in Kinsale.
3 fine fat lobsters in a tank. He scolded the manager that it should have a lid as one could nip someone's finger.

The managers retort was 'not to worry they're Irish lobsters. As soon as one gets near the top the others will pull him back down'

moy83 · 10-09-2013 04:50PM

With all the talk of accountants I was passing mine there and popped into her with a few pound to get the ball rolling .

bob charles · 10-09-2013 06:37PM

delaval wrote: »

Why aren't ye're accounts done since last Feb? It's impossible to plan without getting them done early. I get a discount for having all info in to them in Jan

These are tax accounts;), I fail to see what having tax accounts done early bring to farm planning, maybe for dairy its different as your whole money set up is very regular

bob charles · 10-09-2013 06:42PM

moy83 wrote: »

With all the talk of accountants I was passing mine there and popped into her with a few pound to get the ball rolling .

you have a female accountant, that would be some bit better:), When I have my yearly Tax discussion with my guy I start dreaming about watching paint drying

Farming Chit Chat II

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