Accounting Services for Horticultural and Landscaping Businesses in Burlington, Oakville & Hamilton.
If you’re a landscaping or horticulture company, you know that your business is unique. It’s not like any other business – it lives and dies by the weather or season. The good news is that our team of chartered professional accountants can help nurture and grow your business through all of its cycles.
We understand the challenges you face as a producer, nursery, or retail garden centre and we work with you to address those issues including:
- Seasonality issues
- Supply chain shortages
- Labour and logistical challenges
- Growing competition
- Economic fluctuations
Our Landscape and Horticulture Practice Group will help you make sure that your business is on track and growing every day.
Why Work With Our Accounting Team in the Landscaping and Horticulture Industry?
Our Landscape and Horticulture Practice Group are proud members of the Landscape Ontario Horticultural Trade Association. We are committed to advancing businesses in this sector, and we understand that landscaping and horticulture companies have unique challenges.
Our accounting professionals know the ins and outs of your industry and are able to help you navigate complicated tax laws, financial reporting requirements, and other accounting issues that may arise.
Horticulturists and landscapers face their own set of challenges, but they also have an advantage with their flexibility in work hours, ability to work remotely and on-site, and access to a wide range of equipment that can be used for various projects. These factors make it difficult for some businesses to find accounting services tailored specifically for them. That’s why at SB Partners, we specialize in providing customized accounting solutions that will benefit each individual client.
We want to help you today to meet your goals tomorrow. Get in touch now!
Benefits of professional landscaping & horticulture accounting services
Our landscaping and horticulture accounting services can help your company:
- Conduct a comprehensive analysis of the business operations and entities to determine the valuation of the components and tax analysis of the original structure
- Collaborate with the current business owner and management group to determine their perspectives on succession and business value
- Streamline your financials with accurate invoices, proper retention policies, etc.
- Integrate income splitting opportunities to maximize value creation
- Provide guidance and management of transition projects from inception to final structure
Ready to get started? Get in touch now.
Our Accounting Services for the Landscaping and Horticulture Industry
Our team works with you to create a custom plan that will help your business grow and prosper. We help you achieve success by providing timely, accurate, and efficient financial analysis and reporting.
Whether you’re a producer, nursery or retail garden centre, our chartered professional accountants will help you grow your business.
SB Partners landscaping and horticulture accounting services include:
- Tax planning and tax compliance services
- Developing working capital management strategies
- Cash flow analysis
- Audit, review, and compilation services
- Operational performance reviews and process improvement
- Inventory accounting landscaping materials and equipment
- Business overhead and marginal cost review and analysis
- Subcontractor and job order costing
- Fixed-price consulting contracts
- Project management review
- Profit enhancement strategies
- Tax credit possibilities
- Financial analysis and reporting
- Strategic business advisory services
- Estate and succession planning
- Risk management
Talk to our team about your business needs today!
Who We Work With
SB Partners Landscaping and Horticulture Practice Group aggregate experience over time and from very different enterprises to provide tailored guidance to each client. Our team has experience working with:
- Livestock Farms and Row Crop Farms
- Orchards and Vineyards
- Garden Centres
- Landscape Designers and Contractors
- Lawn care and maintenance companies
- Greenhouses and Nurseries
- Wholesale Growers
- Irrigation Contractors
- Interior Plantscapers
We can help
Contact us today to learn how our landscaping and horticulture industry team can help your business succeed!
FAQs
Contractor services are currently exempt from RST in Ontario. Contractor fees will be subject to HST under the HST system, resulting in an 8% increase in the overall payment for such services. This rise should not be a problem for business clients that are eligible for HST input tax credits. However, it will result in higher costs for consumers and firms that are not eligible for input tax credits.
Although RST does not directly apply to landscape projects, RST on landscaping supplies is a cost to the contractor and is factored into the contractor’s pricing. With the elimination of RST and the implementation of HST, the contractor will be able to recover all HST by claiming an input tax credit in the GST/HST return, lowering total expenses.
Offering discounts as a landscaper can have varied effects on your overall profit. While they can attract more customers and foster loyalty, thereby potentially increasing your sales volume, they can also reduce your profit margins and potentially devalue your services. It is crucial to strike a balanced approach to discounting, ensuring it aligns with your financial strategy to maintain healthy profitability.
As a landscaper, collaborating with an accounting firm can aid in crafting a discount strategy that is both attractive to customers and financially sustainable for your business, helping to optimize your pricing strategy and maintain a positive brand perception. Leveraging professional accounting insights can steer you away from the pitfalls of improper discounting and guide you towards a strategy that bolsters your business growth.
Landscape Profit Guide
Our Landscape Profit Guide was prepared by our team in partnership with Landscape Ontario. This resource, which is free to download, will provide you with a conceptual understanding of costing and the effect that discounting can have on the overall profit of your business.
Landscaping and Horticulture Case Study
Client Challenge
How to allow for the successful divestment of the owner to the management group in a manner that is:
- Tax effective for the current owner and the management group
- Provides a flexible structure for additional ownership opportunities
- Provides a mechanism for the future divesture/retirement of management group members
SB Solution
- Conduct a comprehensive analysis of the business operations and entities to determine the valuation of the components and tax analysis of the original structure
- Collaborate with the current business owner and management group to determine their perspectives on succession and business value
- Derive a tax-efficient structure to allow for the buy-in of the management group and a 10-year buyout of the current owner
- Integrate income splitting opportunities for the new management group to maximize their value creation
- Provide guidance and management of the transition project from inception to final structure
Impact
- Successful transition of the ownership to the management group
- Maximize value creation to new owners allowing for significant asset accumulation
- Retention of wealth on the buyout from the original owner
Areas Served
Our team of chartered professional accountants (CPAs) work with clients across Southern Ontario, including:
- Burlington
- Oakville
- Hamilton
- Mississauga
- Brampton
- Guelph
- Kitchener
- Milton
- Cambridge
- Grimsby
- St. Catherines
Our Landscaping & Horticulture Accounting Team
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