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Old 12-08-2012, 11:09 AM
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snomaha snomaha is offline
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Join Date: Jan 2004
Location: midwest
Posts: 499
Quote:
Originally Posted by clayslandscape View Post
My accountant and I sat down today. I had total sales of roughly 85k and after overhead is taken out, I cleared about 35k. My accountant says I need to spend quite a bit before Dec. 31.

My question is, what do you guys spend end of the year money on typically? I don't have anything I really need besides a snow blower which I will get.

Do you all have to show that you did not have a profit each year in order for the taxes to not eat it up?
Don't spend a dollar to save quarter - if your accountant is telling you this i think I would find another accountant.

Your biggest key performance indicator should be "how much in taxes am I paying". If your not paying taxes you are not making money and not gaining wealth.
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