figuring out estimated taxes

Discussion in 'Lawn Mowing' started by grassmasterswilson, Jun 22, 2010.

  1. grassmasterswilson

    grassmasterswilson LawnSite Platinum Member
    from nc
    Messages: 4,947

    I'm having a hard time figuring out estimated taxes. My income changes so much with picking up business, new jobs, purchasing of equipment, etc.

    Didn't know if there was a multiplier or some easy formula for figuring it out. I don't care to get a refund or anything. would just love not to pay a ton in april.
  2. yardatwork

    yardatwork LawnSite Senior Member
    Messages: 651

    Get with an accountant. My guys bases what I pay from the previous year's income. If I continue to make roughly the same amount each year, then I'll be good this year...or...will only have to pay in a small amount. As long as you send something in, the gov't will be happy.

    Also...thanks for reminding me. Hahaha...mine were due on June 15...and...I forgot about them. Just wrote checks out for $1500 total.
    Last edited: Jun 22, 2010

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