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Old 02-03-2013, 05:24 PM
Darryl G Darryl G is offline
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Join Date: May 2001
Posts: 8,033
Another point for the OP. A lot of guys do this stuff under the table for cash, thinking they'll make out better that way. Not only do you open yourself to legal liabilities and prosecution for tax evasion, but you lose the ability to write off your expenses. You can still operate a cash business and track your income and expenses and you only pay income tax on the difference between the two (net income). Your tax rate is going to be low and you many not even have to pay anything after expenses and deductions. In my state lawn care services are taxable and they will come down on you really hard for not paying the sales & use tax.
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