News & Reports

Family Farm Succession – New Farm Succession Partnership Scheme Opens

The EU in Nov 2016 approved the new Farm Partnership Scheme that was announced by the Minister for Agriculture, Food and the Marine.

As and from 1St June 2017 the register is open and available for applications.

It is estimated that there are approximately 139,600 family farms in Ireland and family farming has been central to our economy for generations.

Commenting on the announcement, …

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Farmers set to qualify for relief on CPOs

Revenue have announced a change as to how CPOs can potentially be treated.  The clarification widens the criteria to include the holding of land which is particulary good news for farmers who have land subject to Compulsory Purchase Order’s (CPOs). The change now allows a Capital Gains Tax Rate of 10% (Entrepreneurial Relief) to apply for CPOs once specific conditions are met.

Good News

Commenting …

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IFAC Accountants win “Employer of the Year” Award

IFAC Accountants, has been announced as the winner of the prestigious “Employer of the Year” award. at the Irish Accountancy Awards announced last week. This award recognises any organisation from industry, practice, public sector or financial services that can best demonstrate an excellent working environment for accountancy or finance professionals.

The Irish Accountancy Awards showcase excellence, innovation and best practice within the accountancy sector in …

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Farmers earning 28% less than Irelands Average Wage

According to the CSO Yearbook of Ireland 2016, Ireland’s average wage was €36,519, while Ireland’s farmers earned an average of just €26,303 (National Farm Survey 2016). Direct EU Payments averaged €17,168 per farm representing 65% of average farm income.

Given that statistic, 15th May 2017 is one of the most important dates for farmers in the farming year. This is the deadline for submission of …

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