Category: Accountancy

HW Smith & Son

Family farmers HW Smith & Son needed to be able to cope with the modern demands of their business and get a real-time picture of their accounts. We helped them get ahead of the curve and future-proof their business by introducing them to a cloud accounting package.

We’ve been working with Robin and Sara Smith, and now their daughter Ruth, since 2008, handling all of their accountancy needs. They had always kept manual records, but wanted to get instant access to their latest figures so that they could strengthen the business. We recommended that they should start utilising a cloud accounting package.

Tim Watkins, Managing Partner at Randall & Payne with HW Smith & Son

Having worked with HW Smith & Son for many years, we knew that Kashflow was the best option to fit their needs. We set the system up for them and provided training so that they could make the most of the options available to them. Since introducing Kashflow, we have been able to look at their accounts more closely and provide them with the data they need.

As a result, Robin, Sara and Ruth are able to time their expenditure more carefully, letting them make use of capital allowances available for vital equipment. Kashflow has also helped them to produce their year-end figures more quickly and plan other expenditure, keeping tax liabilities to a minimum to leave more working capital in the business, so that they can develop their successful enterprise even further.

Tim Watkins, Managing Partner at Randall & Payne with HW Smith & Son at their farm in Ledbury

The new system is completely compliant with the proposed Making Tax Digital regulations, and the business is set up to meet the quarterly reporting requirements that HMRC will soon enshrine in law.

Our accountancy team continue to work with HW Smith & Son, keeping them armed and ready with the financial information they need to make their business a continued success.