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Why they say to stay solo...

Discussion in 'Lawn Mowing' started by 205mx, Mar 31, 2013.

  1. Yea, but he brings up a good point. You gotta have a cell either way....no as a biz, it's a write off along with vehicle insurance and maintenance.
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  2. weeze

    weeze LawnSite Fanatic
    Posts: 8,897

    you guys have alot of unnecessary expenses.

    tires for my truck are about $600 and last 6 years. $100 a year. not a business expense since it's my personal truck.

    a storage unit?

    a p.o. box?


    i have a garage and a mailbox. both are free each month. :laugh:
  3. J & D Greens

    J & D Greens LawnSite Senior Member
    Posts: 763

    I am solo and I have all my Biz needs accounted for. My wife does all the accounting so that we do keep everything separate as far as truck, equipment, Biz. liability ins., truck commercial ins. and so on. She just rolls her eyes at the $90 gross thing and $70 net. She is aware of everything spent.

    Our tax person makes sure of things that would be just better off not claimed on our taxes. She said that it would be better off if we left the phones off as we use them for personal uses also and the % would not be worth a red flag. Clothing is another thing that she cautions about. (I don't go over board).

    I guess it is just how you look at things. When you figure everything out.
    Should I included my retirement check into my net. Now that would make me fell a little better.
  4. Why would you not include phone? Do you not use it for business? How is that a red flag....
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  5. J & D Greens

    J & D Greens LawnSite Senior Member
    Posts: 763

    Because we have a family plan and they can get you on that if you use the plan 100% write off. So like some-one who uses their personal truck the mileage should be accounted for and if our total plan I am the only one out of four phones using it for biz. and only 25% of one phone on the plan are calls are Biz. related not worth it.

    It is kind of like my wife uses the old master bedroom as our office. But it is also her hobby room. So we instead of claiming any of it on our taxes. We just use the three car garage as our shop/office. no one will ever park a car in there anyway, just shop stuff.

    I would rather be on the safe side.
    Last edited: Apr 4, 2013
  6. lawns Etc

    lawns Etc LawnSite Silver Member
    Posts: 2,272

    Been audited twice. Lets say not fun you think your allowed a lot of stuff to write off until tax man says other.
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  7. J & D Greens

    J & D Greens LawnSite Senior Member
    Posts: 763

    That is why my tax preparer leans on the cautious side. She is figuring our taxes so that if we where to be audited (H@RB). The government might owes us a little.

    Some people don't even realize that clothing in our Biz should only be written off if you have a your Biz logo on it (hats, shirts).

    I would just want to be safe than sorry.
  8. So if your portion of the cell bill is $100/mo, you wouldn't write that off...sorry man, that's plain stupid. But when you refer to your accountant as the tax person vs a CPA, it makes a lot of sense.
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  9. JContracting

    JContracting LawnSite Bronze Member
    Posts: 1,878

    You can't "write off" a set of tires for a truck that's not 100% business, you can only deduct mileage ($.554/mi) on that truck and that amt generally covers most repairs except a tranny or engine overhaul.
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  10. Landscraper1

    Landscraper1 LawnSite Senior Member
    Male, from Southeastern Ma.
    Posts: 755

    As an accountant, those tools would last a lifetime. As a landscaper, you are constantly loosing or breaking tools, and you need more than an average homeowner. One pair of boots will last a few months for a landscaper. How long do you think they would last for an accountant?

    Come on people, let's get real. When you start looking at your business as a "real" business, that's when you will get it and be able to grow from there.

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