Year End, Tax Time???????????


LawnSite Senior Member
NE Ohio
Hey all-

As you all know the year end is fastly approaching us. I was wondering who is getting all of their stuff in order for the tax returns to be done.

If your not you need to be at least thinking about it so that it doesn't sneek up and slap you in the face....

You guys need to see your accountants and see what they need for year end. This let them know that your on the ball and planning earlier will help with getting the ball rolling later.

I'm an accountant so if anyone wants to bounce some questions off of me, I'll do my best. And I can always look it up.



LawnSite Fanatic
N.E. Wisconsin
Good to see an accountant here. I keep pretty good track of the finances over the course of the year with Quicken Home and Business. I am a small solo operation with 25 weekly and extras but the program does everything I need for right now.

My question is does your state have any exemption or credit on the tax you pay on gasoline for mowing (other than in a motor vehicle that uses the roadways). If so how does it work? I have been meaning to ask my accountant the same question and seeing your post reminded me. Thanks.


LawnSite Senior Member
South West PA
I will generally do a dry run on my taxes on or about Dec. 1. My main season is generally over by then, and the income during the last month is generally not that much, excepting a large snow event.

This does a few things for me. 1. It lets me have a better idea of what I have to fork over on Apr. 15. Also, if I find that I am in need of some last minute deductions, I can have plenty of time to make some purchases, buy some equipment, make a donation...

Also, I can plan my purchases of equipment accordingly. If I am planning on purchsing something in the spring, if I see the tax benefot pf buying it the year before, I will. Likewise, I can put off a purchase till after the first if I feel the need.


LawnSite Senior Member
In smaller businesses you have to think about the limit on writeoffs of purchases in the last 1/4 of the year. The government will not let you buy a large percentage (exactly what I can't remember) of depreciable items in last quarter of the year then take full years worth of depreciation. There is of course section 179 that allows one time deduction up to (last year and correct me if I am wrong) about $18000. But then there is a big consequence if you dispose of the item before a certian time also. These late year big item purchases should be well thought out before just jumping. Like the big boys say, I am not an accountant or lawyer and I do not give tax advice. LMAO, but I did stay at a Holiday Inn Express last night........

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