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insurance help Michigan

E.L.I.T.E.LawnCare

LawnSite Member
Location
Saginaw, MI.
Can you guys give me some info about paying taxes, unemployement, workmens comp. etc. and how much i'm looking to pay out for these expenses?
 

justmjc

LawnSite Senior Member
Location
michigan
I can give you rough estimates. Expect to pay 15.3% self employment tax (social and medicare) if you turn a profit plus your federal and state. Take approx 6% for employee unemployment up to I believe it's now $7,000. Work comp I had quoted at about $900 for a dummy policy which covers up to the first $9,000 of emp. wages.

I never got any further than quotes, but this should give you an idea somewhat.
 
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