Mastering financial management: A guide for farmers

Laura Clayton and Arabella Baker discuss the critical aspects of financial management and budgeting, particularly in the agricultural sector. They explore the importance of proactive budgeting, cash flow management, and the role of technology in enhancing financial practices, and emphasise the need for timely data input and effective communication between clients and accountants to achieve better financial outcomes. They also touch on personal financial management, inheritance tax planning, and the power in collaboration.

This special farming mini-series is hosted by Laura Clayton, an assistant manager in the farms and rural business team, and in each episode Laura invites a different guest to share their expertise on various business topics affecting the farming and rural community. The series covers a range of subjects including tax, legal matters, succession, and inheritance, aiming to provide insights and tips to those living and working in agriculture.

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You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice. © Larking Gowen LLP