Taxes

Discussion in 'Starting a Lawn Care Business' started by American_Lawn, Aug 12, 2006.

  1. American_Lawn

    American_Lawn LawnSite Member
    Posts: 211

    What would be a good percent to hold for taxes for each account. Lets say my accounts pay $120 pr month; how much of that should I pay toward taxes? I plan on only have 25-30 accounts, should I get a CPA or a tax software to do my taxes?
     
  2. SodKing

    SodKing LawnSite Bronze Member
    Posts: 1,648

    Where to start...are you an llc, s-corp, c-corp, unlicensed hack? How is your company set up? Do you have any employees? the list goes on and on....
     
  3. American_Lawn

    American_Lawn LawnSite Member
    Posts: 211

    i will work bymyself while going to college. I want to do this right so it does not come back and bite me. I am in the process of setting up the business, most likely i will be a llc.
     
  4. fiveoboy01

    fiveoboy01 LawnSite Silver Member
    Posts: 2,988

    Definitely, without a doubt, absolutely get a good accountant. They are worth every penny and come tax time, they will save you $ if they are any good.
     

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