A taxing question

Discussion in 'Business Operations' started by Schlepie, Jul 1, 2001.

  1. Schlepie

    Schlepie LawnSite Member
    Messages: 165

    Just getting ready to send in my 2nd quarter taxes....yikes!!!!! My accountant has me sending in 30%. Is this high or are we in the ballpark? Thanks for your input.
  2. Administrator

    Administrator Administrator
    Messages: 865

    Moving this to the Elements of Business forum.

  3. gusbuster

    gusbuster LawnSite Bronze Member
    Messages: 1,933

    I'm pretty close to that percentage myself. So, to answer your question I would say yes.

    Remember something, when you work for somebody, they take your social security deduction for you. As a self-employed person, you must pay that yourself, meaning a higher tax bracket.:mad:

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