#Farming Columnist - Kieran Coughlan

#Farming Columnist - Kieran Coughlan

Farm Finance

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>The appeal of fift vouchers has been considerably enhanced by increasing the limit to €1,000 and by increasing the total of such benefits to two over the course of the year. </p>

farming

Kieran Coughlan: Rewarding your employees this Christmas?

The appeal of fift vouchers has been considerably enhanced by increasing the limit to €1,000 and by increasing the total of such benefits to two over the course of the year.

<p>The UK will see a major reform to their inheritance tax regime from April 2026.</p>

farming

UK ag is in turmoil over APR... so what does it mean for Ireland?

<p>The outlook for farming has settled over recent months with a major lift in the dairy markets, and a settling of grain prices and input prices such as fertiliser and fuel, writes rural accountant Kieran Coughlan.</p>

farming

Kieran Coughlan: Looking ahead at farming's future

Income tax filling

farming

What will the Tax Strategy Group paper mean for CAT?

Kieran Coughlan.png

Kieran Coughlan: Is dairy industry rationalisation on the cards as output drops?

Farmer and Financial Advisor

farming

Kieran Coughlan: Income averaging likely to cost farmers heavily

Man using calculator

Revenue VAT rules need close scrutiny

At least some clarity has now been given as to what will definitely qualify for a VAT refund, writes rural accountant Kieran Coughlan.

Mon, 15 Jul, 2024

Traditional Bank sign

S How to make the most of your loan application - an accountant's tips

Non-financial information, such as details of past experience and qualifications, can be as important as financial information in giving a lender confidence, writes tax advisor Kieran Coughlan. Here's how you can get the full picture across.

Thu, 27 Jun, 2024

Science, nature and scientist with water sample for inspection, research and ecosystem study. Agriculture, biology and hands of

Kieran Coughlan: Numbers behind water quality plans need fleshing out

As farmers, we don’t need to start measuring N losses on our own individual farms, but at least if we knew what the difference is between approaches to farming, informed choices could be made, writes rural accountant Kieran Coughlan.

Fri, 14 Jun, 2024

Kieran Coughlan: Just keeping the derogation is too narrow a position for candidates seeking farmers' votes

Kieran Coughlan: Just keeping the derogation is too narrow a position for candidates seeking farmers' votes

What about all the other regulatory burdens that have been imposed on farmers over recent years?

Tue, 04 Jun, 2024

Changing colours for a more resilient herd

Changing colours for a more resilient herd

Two 'pet' cows have caused Kieran to rethink his dairy herd's breeding strategy.

Fri, 17 May, 2024

Aerial view of farm building with photovoltaic solar panels mounted on rooftop for producing clean ecological electricity. Produ

Is solar PV a viable option for your farm electricity?

The ability to sell excess electricity to the grid, currently for more than 20c/kW, is making solar PV an attractive proposition for many farmers, writes rural accountant Kieran Coughlan.

Tue, 07 May, 2024

Farmer and Dollar

Farm Finance: Crunching the numbers ahead of a clearance sale

Farmers who have decided to change tack face a multitude of choices, writes rural accountant Kieran Coughlan.

Tue, 09 Apr, 2024

Welly boots - enjoying wet weather

Farm Finance: Fodder shortages are squeezing farm cashflow

The extended wet and wintery weather has been at the forefront of farmers' concerns in the past few weeks. This past week’s weather saw farmers pulling animals back indoors full-time as grazing conditions deteriorated.

Mon, 25 Mar, 2024

Farmer holding Calculator with ripe yellow corn cob in hand to calculate production in field. Corn cob ready to harvest. Agricul

Kieran Coughlan: Farmers are sick to their back teeth of layering regulations

The problem farmers now face is that intensification and scale no longer serve the purpose of increasing margins where land supply, land cost, and regulations create limiting factors, writes rural accountant Kieran Coughlan.

Mon, 18 Mar, 2024

Farming runs in the Family

Farm Finance: Protecting yourself when it comes to farm transfers

Rural accountant Kieran Coughlan explores how those transferring farms to the next generation can ensure they are protected too.

Tue, 12 Mar, 2024

Coins with plant on top put on the soil in green nature background for business growth concept.

Farm Finance: How will the Nature Restoration Law affect farmer profitability?

It’s ironic that in a week when the EU went to some efforts to suggest that the regulatory burden on farmers would be reduced, the Nature Restoration Regulations were signed into law, writes rural accountant Kieran Coughlan.

Fri, 01 Mar, 2024

European Union banknotes and coins

S Kieran Coughlan: Take interest in your interest rates - the savings could surprise you

There is massive variations on the interest rates being charged by financial institutions and non-banking finance providers alike, warns rural accountant Kieran Coughlan.

Fri, 09 Feb, 2024

father and son smiling at camera while standing near grazing cattle at farm

Kieran Coughlan: Should I trust to leave my farm to the next generation?

Investing a bit of time into how your assets should be divided up and considering whether you want to use a trust in your will is an exercise well worth doing

Tue, 06 Feb, 2024

Confident in Her Line of Work

Help! ...a look at your options when labour is tight on the farm

This week and the next three weeks will see a huge number of calves born on dairy farms. The workload goes from a steady pace to outright mayhem in the space of a few days, writes rural accountant Kieran Coughlan.

Tue, 30 Jan, 2024

countryside scene

What level of rent is justified economically for farmers given the difficult year that passed?

In a race to the bottom farmers vie against each other in a game of chicken as to who is willing to rent land at prices such that there is little or no return

Mon, 15 Jan, 2024

Man with short brown hair,pointing on his laptop while standing next to his colleague,colleague sitting inside his tractor and l

S Kieran Coughlan: The advantages of operating a farm partnership

There are effectively three types of partnership when it comes to farming

Mon, 08 Jan, 2024

Diesel fuel nozzle fueling farm tractor. Farming input costs, fuel price increase and emissions pollution concept.

Kieran Coughlan: Input costs, politics and a turning point for farming?

On the positive side, costs seem to have stabilised both on the input and output sides, writes rural accountant Kieran Coughlan.

Wed, 03 Jan, 2024

DENIS SCANNELL

Kieran Coughlan: The ins and outs of what you can reclaim Vat for on the farm

Over the past few months, there is a perception Revenue seems to have tightened up on the types of expenditure it is willing to accept as coming within the regulations

Mon, 11 Dec, 2023

Tractor spraying slurry in a field on a winter day

Kieran Coughlan: The loss of derogation will ripple beyond affected farmers

Despite having done what was asked of them, the stocking rates for certain farmers are set to reduce from January 1, depending on where they are geographically located

Mon, 04 Dec, 2023

abandoned cottage

Property owners should update LPT but now must also consider VHT

The Vacant Homes Tax (VHT) is due on residential properties that are liable to LPT and are vacant

Tue, 28 Nov, 2023

Transferring freshly cut grass to a trailer

S Court decision on when workers are employees is significant for farmers

For farmers and other businesses, a more cautious approach should be taken to make sure that those non-employees working for you are correctly regarded as non-employees

Tue, 07 Nov, 2023

Kieran Coughlan: Talk to Revenue early about cashflow issues due to flooding

Kieran Coughlan: Talk to Revenue early about cashflow issues due to flooding

Arrangements Revenue can put in place include temporary stops in collection, informal instalment arrangements and formal phased payment arrangements

Mon, 30 Oct, 2023

Typical Irish countryside of green grassy fields West Cork Ireland

S Kieran Coughlan: What the nitrates decision means for land prices

Will a two-tier system emerge where land which can carry a higher stocking rate command higher rents than restricted lands?

Tue, 24 Oct, 2023

Farmers are glad that fuel excise levies have been delayed

Farmers are glad that fuel excise levies have been delayed

The pause on increases in Vat and levies on fuel and power is a relief, but farmers will be studying fine details in Budget 2024 including capital gains tax relief and stamp duty

Listen | Wed, 11 Oct, 2023

Irish Farmer with Cows

Kieran Coughlan: Budget scraps for farmers or a real change of policy?

It’s clear it won’t be a giveaway budget in respect of any noticeable difference that will be felt in the payslips or yearly tax return

Tue, 03 Oct, 2023

We should continue leveraging the Ploughing to showcase what's good about Irish farming

We should continue leveraging the Ploughing to showcase what's good about Irish farming

It's fair to say that there is hardly a cohort of business and society that’s not represented in some fashion at the National Ploughing Championships

Tue, 26 Sep, 2023

Irish Budget 2023

Kieran Coughlan: What the Budget leaks so far mean for Ireland's farmers

It’ll take more than this year's Budget announcements to fix the additional constraints being heaped on farmers

Tue, 19 Sep, 2023

Farmer and Financial Advisor

Kieran Coughlan: Time to examine the rates of interest you are paying

The edging up of deposit interest rates is good news, but of little comfort to borrowers whose costs have been steadily rising

Mon, 04 Sep, 2023

tractor fertilizing in field

Farmers to begin navigating Fertiliser Register regulations

By providing farmers with online calculators, a better outcome will be obtained where farmers can self-regulate and make sure they stay within their fertiliser allowances

Mon, 28 Aug, 2023

Concrete compost for manure on a farm

Kieran Coughlan: Accelerated capital allowances are back on the table

As with the previous accelerated capital allowance scheme, the devil is in the detail

Tue, 22 Aug, 2023

close-up hand of person holding coin with soil in hand on soft nature background

S New ways to farm and the big question of how it should all be taxed

The majority of tax rules dealing with farming exist for near on 50 years and are understood by accountants and tax consultants working with the sector. Still, new forms of occupation of land throw up a variety of issues, writes agricultural tax advisor Kieran Coughlan.

Fri, 11 Aug, 2023

business growth

S Coping with a bigger than expected tax bill on the farm

Anecdotally, some farmers are seeing a doubling and even tripling of their tax bills for 2022, writes agricultural accountant Kieran Coughlan.

Mon, 07 Aug, 2023

They love watching all the animals graze

What's in the tea leaves for Category B inheritance transfers?

Gifts and inheritances between brothers and sisters and aunts/uncles and nieces/nephews are all considered 'Group B beneficiaries'.

Sun, 30 Jul, 2023

Happy kid feeding cows

What supports are on the cards for your farm family?

It's not easy being a parent while running a business, so what help is available for farmers?

Wed, 19 Jul, 2023

Baby calves in a barn

When a calf sells for less than the price of a coffee there is something wrong

Guilty as charged. As some of you may be aware I also am a dairy farmer. Not to make light of it, but these last few years it seems almost criminal to be dairy farming. And yes, Monday’s RTÉ Investigates made for uncomfortable viewing.

Thu, 13 Jul, 2023

For her safety as well as her pony’s

S The tax implications when it comes to keeping horses

Income derived from horses is generally taxable save for two exceptions — namely where the activity is carried on as a hobby and income derived from horses in training

Tue, 04 Jul, 2023

Female dairy farmer rounding up cattle

Kieran Coughlan : Farmers should feel no shame in deriving decent profits from their operations

The national farm survey for 2022 has been published by Teagasc providing an in-depth analysis of what’s happening at the farm level.

Thu, 29 Jun, 2023

Budget calculation

Rise in applications for young trained farmer top-ups

The deadline is nearly upon us for submitting applications for Department of Agriculture farm payments this year. Next Monday, May 29, marks the date, and after this penalties are applied in a linear fashion.

Sat, 27 May, 2023

Mind yourself and others

Mind yourself and others

I had the pleasure of making a presentation at the Ballinadee Community Hall last week, along with speakers from the Cork-based Kinsale Your Support Services and Make the Moove, a Macra na Feirme initiative aimed at supporting farm families mental ...

Mon, 08 May, 2023

The burned roof of an abandoned farmhouse in Flintshire, North Wales, UK. Taken in winter with an overcast sky.

A guide to the Vacant Property Refurbishment Grant - and how to apply

The scheme offers up to €30,000 to renovate a vacant property and an additional top-up grant of up to €20,000 if the property is derelict.

Wed, 26 Apr, 2023

Good Community Spirit

A Chinese proverb to prompt your farm succession planning

The disadvantage of procrastinating is obvious - time simply waits for no man.

Wed, 19 Apr, 2023

Electric fence wire running along a fence in the middle of a field.

S Kieran Coughlan: Can your farm receive support for its electricity bill

Farmers who are heavy users of electricity and gas, including dairy farmers, potato and vegetable farmers using cold stores, poultry and pig farmers can benefit significantly from the scheme

Tue, 28 Feb, 2023

Photovoltaic solar panel system

S Farm Finance: TAMS3 or TAMS not to be? Is it worth applying?

There are several considerations farmers must make before deciding if the new grants are suitable for their situation, writes agricultural accountant and tax advisor Kieran Coughlan.

Tue, 21 Feb, 2023

Light bulb with coins beside and young plant on top concept put on the soil in soft green nature background.

S Kieran Coughlan: Rent hikes mean many could be better off leasing than farming

Is it a bird? Is it a plane? Nope, it’s land rental prices.

Tue, 14 Feb, 2023