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Tax Advice

NCL

LawnSite Member
Location
NJ
This question is for Full- Time Legitimate Business owners. Do any of you ever receive a Tax Refund or do you wind up haveing to pay the gov. and increaseing your quarterly payments. It seems to me if you increase your sales without overly increaseing your write offs you get a nice big tax bill. Can you actually make a profit on paper and not get rocked by the government?? Any thoughts or advice would be extemely helpfull. Thanks.
 

rodfather

LawnSite Fanatic
Location
Clinton, NJ
We just increase our quarterlies each year and pay up any difference so not to get penalties and/or interest.

Tax refund? You're kiddin', right?
 
OP
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NCL

LawnSite Member
Location
NJ
rodfather, Yeah I was kiddin'/hopen. Just hopen to break even or not have to pay a large amount . Last year I got crushed by the gov. How long have you been in business? Does it frustrate you that every year you have to raise your quarterlies or do you take it as part of doing business and just deal with it?
 

tiedeman

LawnSite Fanatic
Location
earth
this year I am going to have to pay in BIG time
 
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