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Old 07-03-2009, 11:41 AM
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MNBOY MNBOY is offline
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Paing taxes again

Every quarter after draining my checking account by paying federal, state and unemployment taxes I can't help to feel like I am getting soaked. It really makes me wonder how many other lawn care companies (or fly by nights) are out there actually doing this. I know that I SHOULD be ahead of the curve by doing the right and legal things but there are SO many lawn care companies out there it really makes me wonder what actual percent of them are paying their quarterly dues, etc. My wife won't even talk to me during tax paying time since I get so grumpy about this stuff. Just had to vent.....I still love what I am doing!!!
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Old 07-05-2009, 01:54 PM
WoodBrothersLC WoodBrothersLC is offline
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Don't worry, you're not the only one. Have been payin em for years and can't wait to get my social security when I'm older.......not.
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Old 07-05-2009, 02:03 PM
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I feel ya man. Pisses me off to no end.
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Old 07-05-2009, 07:58 PM
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ed2hess ed2hess is online now
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My son was telling me last week that he had to start sending in the withholding weekly......are real bummer.
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  #5  
Old 07-05-2009, 10:22 PM
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CLARK LAWN CLARK LAWN is offline
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i hear ya the last couple people ive hired were acually surprised that i withheld taxes and paid them by check. one of them worked for one of the bigger companies around here for 3 years and told me that he was always just paid cash every week. ive acually had a few people quit because i wouldnt pay them cash.
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Old 07-05-2009, 11:36 PM
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Fvstringpicker Fvstringpicker is offline
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Quote:
Originally Posted by MNBOY View Post
Every quarter after draining my checking account by paying federal, state and unemployment taxes I can't help to feel like I am getting soaked.
Quote:
Originally Posted by ed2hess View Post
My son was telling me last week that he had to start sending in the withholding weekly......are real bummer.
Why do you feel like your get soak or it a real bummer when most of the money you're sending in quarterly (notwithstanding you estimate) has been withheld from your employees and is not your money.
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Old 07-09-2009, 01:16 PM
Szafranman Szafranman is offline
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Is it not still his money when an employer is required to match all social security and Medicare withholdings so he would be paying 7.65% on every dollar his employees make and plus in IL an employer is required to pay 3.1% on every dollar for unemployment. I won't mention federal unemployment because that is usually end of year and not nearly as big as the other three I mentioned. Just a thought as to why we employers feel hosed (ha).
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  #8  
Old 07-09-2009, 07:19 PM
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Frontier-Lawn Frontier-Lawn is offline
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Quote:
Originally Posted by Fvstringpicker View Post
Why do you feel like your get soak or it a real bummer when most of the money you're sending in quarterly (notwithstanding you estimate) has been withheld from your employees and is not your money.
actually it is it is half his money since the employer has to pay half of the workers taxes.
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Old 07-09-2009, 08:21 PM
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zurfsturfcare zurfsturfcare is offline
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dont forget workers comp too!!!, haha, there are so many!
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  #10  
Old 07-09-2009, 09:35 PM
lawnman_scott lawnman_scott is offline
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Quote:
Originally Posted by Fvstringpicker View Post
Why do you feel like your get soak or it a real bummer when most of the money you're sending in quarterly (notwithstanding you estimate) has been withheld from your employees and is not your money.
I would have to say that most of the money was mine.
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