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  #1  
Old 12-06-2013, 07:48 PM
aflawncare aflawncare is offline
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Join Date: Nov 2013
Location: Oneonta, AL
Posts: 37
I need Tax advice!!

I am fairly new in business. I've been thinking about taxes lately. I really don't know anything about them. I'd like to here some knowledge or advice from some more experienced business owners. Some questions I'd like answered:

1. What is tax deductible?
2. Should I charge tax?
3.Employee payroll?

Remember, I'm new so talk to me like I'm dumb. I promise I won't be offended.
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  #2  
Old 12-06-2013, 08:09 PM
vaacutabove vaacutabove is offline
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Location: forest va
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Get a CPA every state is different. Don't trust someone one line you don't know with something that could destroy your business.
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  #3  
Old 12-06-2013, 10:14 PM
aflawncare aflawncare is offline
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Location: Oneonta, AL
Posts: 37
Hey thanks! I'll look into it.
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Old 12-06-2013, 10:16 PM
DEPENDABLE LANDSCAPING DEPENDABLE LANDSCAPING is offline
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Your accountant is your best friend, interview possible accountants and make sure they are straight shooters.
Don't play games, you will get caught. Maybe not now but it will come.
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  #5  
Old 12-08-2013, 11:09 AM
shane-pa shane-pa is offline
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Join Date: Feb 2012
Location: emporium, pa
Posts: 170
the IRS small business guide is good start. it can be confusing but it should help some. to answer your questions though:
1. business expenses are tax deductible. fuel, insurance, postage, cell phone bills, equipment repairs. the list goes on. depreciation can be the tricky part.

2. charging tax? sales tax I assume. not sure about Alabama. in PA, mowing is taxable service. i had to get a sales tax ID number. you have to read the revenue code for your state.

3. payroll. the IRS guide can help you with what is deductible. I don't have payroll but if I did I would pay a company to do it for me. then figure out what to deduct.

During your down time, educate yourself, or talk to someone that knows. maybe you can trade services. lawn care for tax advice.
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  #6  
Old 12-08-2013, 11:32 AM
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KS_Grasscutter KS_Grasscutter is offline
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Join Date: Dec 2005
Location: Hutchinson, Kansas
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Some of the best money you will spend in business is to hire a good accountant.
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  #7  
Old 12-08-2013, 11:52 AM
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jackal jackal is offline
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Join Date: Oct 2011
Location: Lake of the Ozarks
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Take some college classes in accounting and business management. Best decision I ever made was to go to college.
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  #8  
Old 12-08-2013, 11:54 AM
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Efficiency Efficiency is offline
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Here or hear?
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  #9  
Old 12-08-2013, 12:54 PM
Middle Tennessee Lawn Middle Tennessee Lawn is offline
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Join Date: Nov 2013
Location: Nashville
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I have a few suggestions since your in Alabama talk to suntrust bank they will do your payroll for you and file payroll taxes and do w-2s for 50.00 per month
In Tennessee we do not charge sales tax on services so check with AL dept of revenue on that.
Lastly find a good local CPA and let them show you how to keep the records that you bring to them. Mine has us keep everything seperated in four categorys by us doing prelimary work saves some money.
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  #10  
Old 12-08-2013, 01:01 PM
twomancrew twomancrew is online now
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http://nh.en.craigslist.org/grd/4218208723.html

If it's on the internet...
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