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  #1  
Old 01-10-2013, 10:31 AM
jgrand jgrand is offline
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Join Date: Jul 2012
Location: LAFAYETTE, LA
Posts: 25
Should I get an accoutant?

I just started my landscaping company about 8mnths ago. I grossed around 35k. I only do this part time and have a full time job. I wanted to know if it would pay off to get an accountant or just do an online service like I have in the past. I have pretty much invested all of the profit I made back into the company so I know it may get a little tricky. Does anyone have any experience with this?
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  #2  
Old 01-10-2013, 10:40 AM
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ringahding ringahding is offline
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Location: Stillwater, MN
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Yes! Hopefully you have been paying the taxes for those sales, if not, one day you may be getting a knock on the door from the man.

In other words if you have been depositing monies into your bank account, how would you explain this to the IRS?

So yes get an accountant, because if you are actually putting money back into the business, you are probably missing out on some real WRITE-OFF'S.
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  #3  
Old 01-10-2013, 10:45 AM
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jsslawncare jsslawncare is offline
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Yes you should and that's all I have to say.
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  #4  
Old 01-10-2013, 10:50 AM
jgrand jgrand is offline
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Join Date: Jul 2012
Location: LAFAYETTE, LA
Posts: 25
Thanks guys, I will do. By putting money back into the business I meant buying equipment. I dont know if that means I may still be missing tax write offs or not.
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  #5  
Old 01-10-2013, 11:05 AM
ringahding's Avatar
ringahding ringahding is offline
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Location: Stillwater, MN
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Yes that's what it means. You can write off equipment, trucks, etc.
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12 Ram 4500 Diesel Dump
08 F250
05 F350
04 Chevy 3500
04 F350 Diesel
3 60" Toro Zmaster/Lesco 48"
3 8'2" Boss V-Plows
Hiniker 9'6" V-Plow
20' Enclosed trailer/16' Open trailer
18' Skid Loader Trailer
2012 S185 Bobcat 2-Speed


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  #6  
Old 01-10-2013, 11:51 AM
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JFGLN JFGLN is offline
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Join Date: Mar 2004
Location: Olympia, Washington
Posts: 656
Yes, The accountant will find things that you overlook.
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