Search Results for ‘taxes’

This is my first going full time with my business and doing taxes for it, I didn't have Quickbooks before but have it now for the 2023 season. I'm using Turbo Tax Home and Business and am confused on what expenses go where. What would I put things like mulch, soil, straw bales, and plants...

I have been thinking if I have to collect them? I work on my own and don't have a facility other than my home to place my equipment. I do pay taxes but collect taxes I never have. I only do mowing..... as for income I made about 34k last year. In the attachment area says about 5k income I am...

Im in between CPAs right now. I am talking with a guy that has a BA in Accounting, but he's not CPA. Should this matter? The form I file is the 1120s. He says that he has 20 years of experience.

I file as scorp. For 2017 we had a pretty high dividend and had to pay a little higher than wanted on taxes. To help with this I've decided to increase my salary and payroll. Any other ideas? What do you all do to keep taxes down? Thanks in advance.

Just curious how other businesses deduct the equipment on taxes. Do you typically deduct over the span of a few years or the year that you buy it?

Alright guys, I'm thinking 2017 is the year I hire at least 1 employee. I was hoping someone could give me some insight on who I can talk to (maybe an accountant?) about the cost of employees and the laws regarding employees. Or is there somewhere I can find this info on my own? I want to know...

I am looking into hiring a payroll company that will include workers comp. insurance and figure out taxes with every paycheck. I've looked into Paychex and Intuit a little. Does anyone have experience on any payroll company and their fees and everything?

hey guys had a few questions for you about taking my lawn care business to the next level. im the guy who mowed his neighbors lawns through college and kept getting clients and now im to the point were i need to figure out how to properly operate the business in the books. ive just been claiming...

Out of your total gross, (you can break it down weekly, monthly, or yearly,) how do you break up your business income and delegate it to different purposes? For example, what percentage of your business' income do you set aside for taxes? What percentage do you set aside for equipment...

Do you all add tax to your invoices when you mail them to a customer?

First off let me start by saying I do not have a CPA yet which is why I am asking this question here first. I know that a CPA will give me the best "correct" answer. My question is in regards to standard mileage deduction for vehicles. If I use my truck for business(Truck will have commercial...

What's a few good reasons for an LLC(single member) to go from Schedule C to S Corp? I have one employee, plan to add one or two more eventually. He's on payroll, not contractor. I keep a minimum of 1 million general liability. I've discussed this with my CPA, just wanted to hear opinions...

Alright guys so I'm just starting out, I got my DBA, my accountant is working in some tax for so I can get a ID, I'm working on my merhcantile and contractors licenses for where I live and then I'm getting insurance (right now I'm getting quotes) Here's my question....how the hell do the taxes...

Well I'll try to keep this as short as possible; So after thinking on this, my wife and I have finally decided to go into the landscaping business. We're young (early 20's) and have the funds for all the equipment necessary. Just haven't been able to pull away from reality because we were...

I am fairly new in business. I've been thinking about taxes lately. I really don't know anything about them. I'd like to here some knowledge or advice from some more experienced business owners. Some questions I'd like answered: 1. What is tax deductible? 2. Should I charge tax? 3.Employee...

Here's is my issue. TAX, Do you charge sales tax to a lawn cut? Most people around the burbs of Chicago are flat fees for lawn care. My concern is when to charge tax and when not to charge tax. I'm entering my 2nd season here and I am going to the tax guy in a few weeks. Last year I was...

I'm sole proprietor LLC. I filed with my wife last year. Is that the way to go? And how difficult will it be, filing taxes and having an employee?

Well first off, Im a 20 yr old full time college student and this season will be my 4th yr in the green industries. I have my business license but that is all. I am needing to know what other legalities I need to have to do the work I offer. Basically I mow 40 res. accounts, trim hedges, and...

Established solo op business for about 5 years now looking to get insurance and become a legal company. Some questions are: 1. How do you budget your personal taxes and business taxes? Do you just plan out how much you'll have to pay or do you get a notice from the state and federal govt? 2. I...