If i Gross 50k a year

[KcLawnServices]

Just wanted to know what I can expect to net at the end of the year ? I know I have to pay social security,Fed taxes,state taxes..I have a pretty tight route..Thanks for any help

[BCFLawnLandscape]

Depends on how many lawns you have and what other services you offer. If you say you have 20 lawns... no way you'll make 50k... you gotta give us more details!

[sgallaher]

Even with more detail it is a hard question to answer. Only you know what your costs are and how much you charge and how much you want to be paid.

[cleancutccl]

your net income depends completely on your expenses. There is no way any of us can know those. Were you in business last year, set up a budget from last year's numbers and that should get you really close.

[maintenanceguy]

Operating costs for a one man operation. Note, these are "real" costs:

1. A good family medical program - $800 per month minimum.
2. Vehicle, gas, ins., payments, depreciation, tires, tune up, repairs, etc. - $670
3. Office supplies including stamps - $30
4. Acct and attorney, if and when needed - $50
5. Magzines and books $20
6. Business taxes - $100
7. Telephone - $50
8. Cellular phone - $100
9. Seminars and Trade Shows - $125
10. Uniforms - even just jeans and shirts - $45
11. Small tools - $15
12. Software and upgrades - $30
13. Marketing & Advertising - $200 (minimum - will be much higher if you don't have a customer base)
14. Office Equipment depreciation - $75
15. Liability Insurance - $300
16. Workers Comp OR Disability insurance - $125
17. Bad Debt - $100
18. Guarantee work $100 (cost of doing something again to keep a customer happy)
19. Future Capital Expenditures - $100 (money set aside for the new mower you'll need in 5 years)
20. Bookkeeping - ($150 per week) $650 (or do it yourself at night after working a 12 hour day)

So that's $3685 in expenses each month or $44,220 in expenses each year. BEFORE YOU MAKE ONE PENNY! You could get by on less but for the hard work, and the large risk involved you ought to be making as much as the guy who has a regular job. I think these numbers are fair and I've probably missed a few things.

None of this takes into account the fact that you probably don't give yourself any of the benefits a "regular" job would get you like sick time, vacation time, paid holidays, etc.

I ran a struggling business for several years. The above numbers are realistic and very hard to overcome. A few of the guys in the landscaping business build a large enough business that they do very well. The vast majority barely stay above water and struggle to make ends meet. It's a tough business because you're offering a comodity that people really don't need, they could mow the lawn themselves. And every laid-off factory worker with a lawnmower is competing with and underbidding you.

Oh, to answer your question: Of the $50K you'd make, $5,780 a year. And 15% of that would go to the IRS as "self employment" tax. The good news is that take home pay would be so low you probably wouldn't owe any additional federal taxes. Yippee!

[K.Carothers]

If I went by your $44,000 in expenses, I too would get out.

Those are overinflated numbers for someone doing $50,000 a year gross. Your numbers are way off.


kc

[6'7 330]

A well run operation could easy have expense total's less then 44k .Id say a net of 30k on a 50k gross is very obtainable.

Like another poster commented, we can't figure your net, we are not privy to your expenses, etc.We can only put forth conjecture.

[K.Carothers]

A well run operation could easy have expense total's less then 44k .Id say a net of 30k on a 50k gross is very obtainable.

Like another poster commented, we can't figure your net, we are not privy to your expenses, etc.We can only put forth conjecture.

I agree with your numbers with a well run operation.

kc

[daveintoledo]

22500.00 if you have 45 % profit , thats a very hi profit margin for a business

30,000 at 60 %

[PMLAWN]

Your net will be less than 50K:p

But really you have to know YOUR overhead, If you are just starting I would believe less than 20net because of all the start-up costs. But only you know that

[parttimer]

You"ll be lucky to net 30%.After 3years im only netting 45%.Just my 2cents.:confused: :confused:






















'

[K.Carothers]

You"ll be lucky to net 30%.After 3years im only netting 45%.Just my 2cents.:confused: :confused: '

OK. but out of that 45% net profit, what "other" expenses are you running through the books that you couldn't claim if you didn't own a business? That makes those numbers change drastically.

kc

[YardPro]

Operating costs for a one man operation. Note, these are "real" costs:

1. A good family medical program - $800 per month minimum.
2. Vehicle, gas, ins., payments, depreciation, tires, tune up, repairs, etc. - $670
3. Office supplies including stamps - $30
4. Acct and attorney, if and when needed - $50
5. Magzines and books $20
6. Business taxes - $100
7. Telephone - $50
8. Cellular phone - $100
9. Seminars and Trade Shows - $125
10. Uniforms - even just jeans and shirts - $45
11. Small tools - $15
12. Software and upgrades - $30
13. Marketing & Advertising - $200 (minimum - will be much higher if you don't have a customer base)
14. Office Equipment depreciation - $75
15. Liability Insurance - $300
16. Workers Comp OR Disability insurance - $125
17. Bad Debt - $100
18. Guarantee work $100 (cost of doing something again to keep a customer happy)
19. Future Capital Expenditures - $100 (money set aside for the new mower you'll need in 5 years)
20. Bookkeeping - ($150 per week) $650 (or do it yourself at night after working a 12 hour day)

So that's $3685 in expenses each month or $44,220 in expenses each year. BEFORE YOU MAKE ONE PENNY! You could get by on less but for the hard work, and the large risk involved you ought to be making as much as the guy who has a regular job. I think these numbers are fair and I've probably missed a few things.

None of this takes into account the fact that you probably don't give yourself any of the benefits a "regular" job would get you like sick time, vacation time, paid holidays, etc.

I ran a struggling business for several years. The above numbers are realistic and very hard to overcome. A few of the guys in the landscaping business build a large enough business that they do very well. The vast majority barely stay above water and struggle to make ends meet. It's a tough business because you're offering a comodity that people really don't need, they could mow the lawn themselves. And every laid-off factory worker with a lawnmower is competing with and underbidding you.

Oh, to answer your question: Of the $50K you'd make, $5,780 a year. And 15% of that would go to the IRS as "self employment" tax. The good news is that take home pay would be so low you probably wouldn't owe any additional federal taxes. Yippee!


these numbers are way off.. no wonder your business was struggeling...
we do over 500K a year and some of our numbers are not even close to yours...for instance
software...$0/month
Bad debt $50/month
Marketing/advertising $75.00---includes telephone service as well..
seminars this one is way off... $30.00/month
office equipment depreciation ( $75.00/month is crazy). $25
liability insurance $50/month
Book keeping-- 1 hr a day at most..
uniforms $25.00/month

[gslawncare]

buy used and fix it. If your in it to win it, you'll do everything in your power to save money. Print flyers yourself, eat healthy and excersize(forget about health ins. that's a senior citizens problem) upsell yourself and create more work.

[ed2hess]

22500.00 if you have 45 % profit , thats a very hi profit margin for a business

30,000 at 60 %
I think he should do 45% also if he doesn't go crazy on a big truck and a bunch of big mowers. Also depends on how you go about writing off the big ticket items.

[PMLAWN]

buy used and fix it. If your in it to win it, you'll do everything in your power to save money. Print flyers yourself, eat healthy and excersize(forget about health ins. that's a senior citizens problem) upsell yourself and create more work.
Why not just run a business that makes enough to support yourself and proper equipment. And do you have to be a senior to have kids??

[the ace]

Operating costs for a one man operation. Note, these are "real" costs:

1. A good family medical program - $800 per month minimum.
2. Vehicle, gas, ins., payments, depreciation, tires, tune up, repairs, etc. - $670
3. Office supplies including stamps - $30
4. Acct and attorney, if and when needed - $50
5. Magzines and books $20
6. Business taxes - $100
7. Telephone - $50
8. Cellular phone - $100
9. Seminars and Trade Shows - $125
10. Uniforms - even just jeans and shirts - $45
11. Small tools - $15
12. Software and upgrades - $30
13. Marketing & Advertising - $200 (minimum - will be much higher if you don't have a customer base)
14. Office Equipment depreciation - $75
15. Liability Insurance - $300
16. Workers Comp OR Disability insurance - $125
17. Bad Debt - $100
18. Guarantee work $100 (cost of doing something again to keep a customer happy)
19. Future Capital Expenditures - $100 (money set aside for the new mower you'll need in 5 years)
20. Bookkeeping - ($150 per week) $650 (or do it yourself at night after working a 12 hour day)

So that's $3685 in expenses each month or $44,220 in expenses each year. BEFORE YOU MAKE ONE PENNY! You could get by on less but for the hard work, and the large risk involved you ought to be making as much as the guy who has a regular job. I think these numbers are fair and I've probably missed a few things.

None of this takes into account the fact that you probably don't give yourself any of the benefits a "regular" job would get you like sick time, vacation time, paid holidays, etc.

I ran a struggling business for several years. The above numbers are realistic and very hard to overcome. A few of the guys in the landscaping business build a large enough business that they do very well. The vast majority barely stay above water and struggle to make ends meet. It's a tough business because you're offering a comodity that people really don't need, they could mow the lawn themselves. And every laid-off factory worker with a lawnmower is competing with and underbidding you.

Oh, to answer your question: Of the $50K you'd make, $5,780 a year. And 15% of that would go to the IRS as "self employment" tax. The good news is that take home pay would be so low you probably wouldn't owe any additional federal taxes. Yippee!

1. find a wife that has one or be careful.
2. lets assume you wouldn't be dumb enough to consider this business without already owning a truck. 400.00
3. good call 30.00
4. 600.00 a year on an attorney, you must have me mistaken with the lady who sued McDonalds for the coffee being too hot!
5. Magazines & books? I'm running a lawn care business not a library!
6. Business taxes......can't fight city hall
7. Phone.......wire isn't long enough to take it with me on my route!
8. Cellular Phone......Just killed two birds with one stone! Phone bill total $50
9. I would rather watch paint dry!
10. Uniforms? Shower shave and don't dress like a bum, thats all they want.
11. Small tools? What does the size of your....oh you mean like sockets and wrenches, ok.
12. Maybe 100.00 a year
13. Even when I was trying to build a customer base from ground zero I was only spending 75-100.00 per month
14. I'm going to guess a one man operation office consists of a card table and folding chair complete with card board boxes for file cabinates.
15. seems high to me but I'll give you one.
16. see line 6
17. Bad debt......let's leave my personal finances out of this.
18. If your paying someone to appease the customer than yes it's costing you money, if your fixing it yourself your out some personal time.
19. If your making money you shouldn't have to worry about saving for this.
20. Set aside an hour a day or do it on a rainday, either way if you bid properly you shouldn't need to work 12 hours a day and an hour on the books isn't a big deal every other day.