Tax advisor advice on starting a business

Discussion in 'Lawn Mowing' started by chadster, Apr 11, 2000.

  1. chadster

    chadster LawnSite Member
    Posts: 7

    Say guys, I just got back from talking to my tax lady, and she said that she would help me if I wanted to do this but, she kind of gave me the look like buyer beware. I told her I was going to be legit, have liabilty insurance, equip. insurance. She said that the people that she has known have always had<br>other jobs. She told me ways to get started, she said my idea of buying my equipment this year was ok, so I would have the big equip. already purchased (no big debt) Just don't buy supplies. I walked away thinking that she is trying to tell me go then no go, It seems awesome but then dangerous. Has anyone gone through this. I was all geared up to do this next year and now I feel that I've lost some steam. What should I do? <br>
     
  2. thelawnguy

    thelawnguy LawnSite Silver Member
    Posts: 2,412

    Tell your &quot;tax lady&quot; to stick with the number crunching, and quit moonlighting as a career counselor.<p>This business is going to be what you make of it. My strong opinion is that, to REALLY succeed in lawn care, you are going to have to go full-time full speed, no way are you going to make a go at it with any real financial success if you always have to worry about getting to your job at the spice factory on time.<p>Bill
     
  3. cjcland

    cjcland LawnSite Senior Member
    Posts: 278

    just keep receipts for everything for your business, and get some accounting software i use quick books but there are others some are more expensive but as long as you keep acurate records and claim ALL income you have nothing to fear, get liability insurance to protect you and your family and most of all have fun, if you dont have fun, its my opinion that how succesfull you are depends on how much you enjoy your work, the fat bank account will follow. im not telling you to not take your business serious but when your doing something hard just look around at nature and take a deep breath and be thankfull your not stuck in a corprate office <p>----------<br>CJC Landscape Management<br>Winter Haven, Florida
     
  4. OBRYANMAINT

    OBRYANMAINT LawnSite Senior Member
    Posts: 555

    I SECOND THE LAWNGUY<p>GO FULL SPEED TAKE PRECAUTIONS AT FIRST BUT IT DOES NEED TO BE YOUR MAIN MEAT AND POTATO JOB IF YOU ARE GOING TO SUCCEED IN THE FASHION THAT IT SOUNDS LIKE YOU WANT<p>
     
  5. HOMER

    HOMER LawnSite Gold Member
    Posts: 3,183

    beware is right, put you some cash back to pay the &quot;man&quot;. I owe him $7780.00 this year!<br>What about everybody else, should I get a second opinion?<p>Homer
     
  6. Hello Everybody:<p>Tell the Tax Lady to stick to her field of work.<p>There is still a lot of people in the dark about the Lawn Service business.<p>Back in, I think 1988 I decided that I need to get insured & I went to this Insurance company. I told them that I wanted to get business & workers comp. When I told them that, they started laughing at me.<p>The one Insurance agent said well how much grass do you cut, I laughed & said well I've already cut over $130,000 this year. <p>He jumped out out of his chair & said your kidding. I told him to look out the window in the parking lot. He saw 5 of my Employees, 3 trucks & 3 trailers. He about agervated me half to death with questions. I told him to get the figures ready, I had to go eat lunch!<p>A few months later the same thing happened at the bank.<p>This is Amercia anything is possible, it's left up to you!<p>----------<br>GrassMaster - Home: www.lawnservicing.com<br>My Start Up Page www.lawnservicing.com/startup/
     
  7. 1stclasslawns

    1stclasslawns LawnSite Senior Member
    Posts: 565

    Is your &quot;tax lady&quot; a taxlady or a CPA?<br>If she isnt a CPA find one forget the &quot;tax prepairers&quot; the CPA will save you everyy dollar they cost you, period.<p>Go for it. save your recipts, and boogie on.<p>The industry is right for a few but those who just cut their own grass know nothing about it, and think that thats all there is to it is cutting grass. You know better! Jim
     

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