insurance help Michigan

Discussion in 'Network: Central' started by E.L.I.T.E.LawnCare, Feb 27, 2004.

  1. E.L.I.T.E.LawnCare

    E.L.I.T.E.LawnCare LawnSite Member
    Posts: 85

    Can you guys give me some info about paying taxes, unemployement, workmens comp. etc. and how much i'm looking to pay out for these expenses?
     
  2. justmjc

    justmjc LawnSite Senior Member
    Posts: 261

    I can give you rough estimates. Expect to pay 15.3% self employment tax (social and medicare) if you turn a profit plus your federal and state. Take approx 6% for employee unemployment up to I believe it's now $7,000. Work comp I had quoted at about $900 for a dummy policy which covers up to the first $9,000 of emp. wages.

    I never got any further than quotes, but this should give you an idea somewhat.
     

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