Taxes!!

Discussion in 'Starting a Lawn Care Business' started by Hometown Lawn Care, Aug 9, 2003.

  1. Hometown Lawn Care

    Hometown Lawn Care LawnSite Member
    Posts: 147

    TELL ME ALL YOU KNOW ABOUT THEM, OTHER THEN HOW MUCH THEY SUCK!!

    I just got a DBA at the bank (bussiness acount) and now they say I have to do taxes, and I know jack ---- about em....
     
  2. J&R

    J&R LawnSite Senior Member
    Posts: 835

    You will be taxed on your net profit not your gross. The tax will be Fed % of what ever your tx bracket is. then your SS tax will be 15.3 % then if you have state tax that will come out of your net profit also.
     
  3. Green in Idaho

    Green in Idaho LawnSite Senior Member
    from Idaho
    Posts: 833

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