The equine team at Butler & Co can therefore draw upon this to provide an in depth understanding of the equine industry direct to your business, with advice ranging from key Bloodstock decisions to the most tax efficient way to sell a sports horse, or even when creating a racehorse ownership syndicate.
The equine team is headed up by the managing partner Julie Butler who regularly is published in the accountancy and tax press on equine tax issues and business planning. See the equine articles section of our website. Julie is also the author of Equine Tax Planning, and also lectures extensively on these matters. Supported by a knowledgeable, hardworking team, you can be assured that your unique equine business will receive the specialist advice you need to make your undertaking a success.
With the rapid growth of the sport horse and equine industry in Britain, it is essential that your accountant is fully up to date with the latest reliefs available for taxation purposes as well as the recent tax cases on the equine industry. We regularly see clients who have been with non-specialist accountants and have been given advice that is not specifically tailored to their specialised equine business and therefore missing out on opportunities. We can also offer assistance with VAT queries specific to your equine business.
Bloodstock – We speak your language
Butler & Co provide the bloodstock industry with a dedicated specialist service covering all aspects of accountancy and tax planning. We speak the bloodstock language, so you are assured of high quality, bespoke services tailored to your individual needs.
We manage a wide range of clients to ensure that their businesses work for them and that we help them to reach their full potential and maximise business returns. The bloodstock client base covers all aspects of the industry from owners, stud farms and pre-trainers all the way up to the Racing industry itself, meaning we have quite literally seen everything this unique, special market sector has to offer.
Bloodstock industry taxation issues and planning are very niche areas and again at Butler & Co, we are well equipped to give dedicated and expert advice covering all aspects of Inheritance Tax, Capital Gains Tax and Personal Tax to ensure your business remains efficient and compliant with HMRC. Careful Inheritance Tax planning, especially in the operation of stud farms, can ensure that you get maximum relief in regard to Agricultural Property Relief and Business Property Relief to allow you to pass your business on to the next generation with minimum fuss.
We help a wide range of equestrian clients in the sporting world to ensure their businesses work for them, alongside their competition commitments, particularly in an industry where the horse always seems to come first (!), and that they are managed well to ensure that they reach their maximum potential.
Our clients include owners, riders and trainers involved in all levels of equine sport, up to the top level Olympic disciplines of Show Jumping, Three Day Eventing and Dressage.
Our services include: optimum tax structuring of new enterprises; budgeting and forecasting to provide better grounding for future business planning and ensuring cash flows never impinge on competition; and a comprehensive accounts preparation service along with preparation of tax returns, ensuring that all athletes remain fully compliant with the tax authorities. We provide a tax service looking at all aspects of tax planning in this specialist sector.
Professional Industry Links
Here at Butler & Co, we have close links with a number of professionals throughout the equestrian industry, to ensure that whatever your query we can offer you bespoke advice to your individual needs and provide you with a complete structured service. From legal services to independent financial advisors, whatever you find your business lacks, we can provide the most comprehensive service to ensure your equine business operates at its full potential.
We do not just work directly for individual equine clients. Due to our highly specialised skills, we frequently undertake a substantial amount of consultancy work for other accountants and professional bodies, adding insight and assistance that others do not have. We work closely with other accountants and legal firms where they need advice, but they want to retain a client that they have a long standing relationship with. Our unique insight can often be the difference between a successful enquiry result or a substantial revised tax bill, and we pride ourselves on being able to help in these situations.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01962 735544. Or if you would prefer, ask us a question online.