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Old 03-25-2004, 09:15 AM
jbob jbob is offline
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Join Date: Jan 2003
Location: south ms
Posts: 54
shocked at taxes i owe

had a buddy come by and help with my taxes. he has turbo tax loaded on lap top puter. so we where going to do taxes on it then i was going to have it checked by pro. figured this would save me a few $. 2003 was my 1st year in business and i had all my equipment purchases which i figured would cove me but i am having to use fast depreciation to get taxes down.
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Old 03-25-2004, 09:41 AM
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TheKingNJ TheKingNJ is offline
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Join Date: Dec 2003
Location: north west, New Jersey
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This year i owe 469 buck. It sucks
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'02 F 250 crew cab 4x4 V8
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22 years old and 4 years in the business, just looking to learn everything I can. Want to expand, improve, and profit.
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Old 03-25-2004, 10:13 AM
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LB Landscaping LB Landscaping is offline
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Join Date: May 2002
Location: Maine
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I only owed 76 bucks!!!!!
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Old 03-25-2004, 10:17 AM
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MLI MLI is online now
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Location: Ma
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owe taxes?!.....not a bad thing!.....means your making money!!
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  #5  
Old 03-25-2004, 10:33 AM
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turfcare turfcare is offline
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Join Date: Jan 2003
Location: Winchester, TN
Posts: 276
I ended showing where I broke even. It won't be that way this year though. I am solo and it turned out better than I ever imagined. Advice: Keep up with ALL your mileage. It will help you out.
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Old 03-25-2004, 10:38 AM
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jsaunders jsaunders is offline
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Join Date: Mar 2002
Location: new hampshire
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I ended up paying in $4300 this year, it was a good year for uncle sam
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  #7  
Old 03-25-2004, 10:46 AM
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LB Landscaping LB Landscaping is offline
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Location: Maine
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Ouch!!!!
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  #8  
Old 03-25-2004, 11:09 AM
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twins_lawn_care twins_lawn_care is offline
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Join Date: Jul 2003
Location: Northern Illinois
Posts: 957
Broke just under even this first year, so taxes did not make too much of a difference. This year, we hope to turn more of a profit, but also upgrade to larger equipment. Like stated before, if you're paying taxes, you're making money.
Hopefully it will be a good year for me and Sam!
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Old 03-25-2004, 11:21 AM
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bugspit bugspit is offline
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Join Date: Mar 2004
Location: BIG Orange Country (TN)
Posts: 789
Another subject that gets under the skin.

If you hate the IRS and paying taxes, and wish you had more of your earned money, there is a better way.
Check this site out, it's something that is getting some attention and gaining momentum.

http://www.fairtax.org/
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  #10  
Old 03-25-2004, 11:36 AM
jt5019 jt5019 is offline
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Join Date: Jan 2004
Location: connecticut
Posts: 1,433
I try to think about my taxes a little as possible ,it just gets me mad when i see the numbers
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