Explaining VAT – A Guide for Business Owners
Part 1 – What is VAT and Which Scheme is Right for Your Business? What is VAT? VAT stands for Value Added Tax and this year marks 50 years of VAT in the UK. Quite simply, the purpose of VAT is to generate revenue for the government. It is a widely used tax system in […]
How to Grow Profit in a Landscape Gardening Business
Last week was National Growing for Wellbeing Week 2023. This is an annual celebration that aims to recognise and emphasise the importance of gardening and growing activities in enhancing our physical, mental and emotional wellbeing. How often do you stop to think about the health and wellbeing of your business, how far it has come […]
Help For Start-Up Businesses in The Landscaping Industry!
For the past 13 years, Sones Accountancy Services has been working with businesses in the landscaping industry. Our vision is to help business owners at all levels in the industry to ‘know their numbers’ and gain confidence in using their numbers to make sound business decisions. As the owner of the practice and an accountant, […]
New VAT Payment Penalty System
Did you know that the VAT payment penalty system was replaced in January 2023? There have been two separate penalties introduced, one for the late submission of VAT returns and the other for the late payment of VAT liabilities. The new system is based on penalty points and according to HMRC, will penalise “only the […]
The benefits of using technology to create efficiency in your Landscape Gardening Business.
Advancements in technology are continually changing how landscape gardening businesses are operating and owners are becoming more and more tech-oriented to keep up with the latest trends and to stay in the game. They are focusing on streamlining their operations and becoming more efficient and technology is playing a big part in this. There are […]
Goal Setting for the Second Quarter
Setting goals is an important part of running any successful business. Here are some steps you can take to set effective goals for your landscaping business: Define your vision Start by defining the overall vision for your landscaping business. What is the purpose of your business? What do you hope to achieve in the long […]
The Importance of Reviewing Business Goals
Reviewing your business goals is an essential process that helps you to evaluate your progress and make necessary adjustments to stay on track towards achieving your objectives. Here are some steps to review the business goals for your landscape gardening business: Set a regular schedule Set a regular schedule to review your business goals, such […]
The Power of Closely Monitoring Your Business’s Cash Flow
The Power of Closely Monitoring Your Business’s Cash Flow Closely monitoring your business’s cash flow is essential to ensuring the financial health and success of your business. Cash flow refers to the amount of money that flows into and out of your business over a period of time, and it is a critical metric for […]
7 Tips to Increase the Profit of Your Business.
Increasing the profit of a business can be achieved by implementing various strategies that will help to maximise revenue and minimise costs. Below are some strategies you may like to try: By offering a more comprehensive range of services, you can attract more customers and increase revenue. Consider expanding your services to include: Tap into […]
Do you know your numbers?
Where do you start when you decide to make a change in your landscape gardening business? You may want to increase profit, take on a new piece of equipment or employee, or try a new marketing campaign. You must ’know your numbers’ whichever direction you take in your business, otherwise, how do you know if […]
