Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum

» Welcome to the Gopher Lawn Care Business Forum
GopherHaul Landscaping & Lawn Care Business Marketing Forum

GopherHaul Landscaping & Lawn Care Business Marketing Forum (http://www.gopherforum.com/forum-index.php)
-   General Business Discussions (http://www.gopherforum.com/forumdisplay.php?f=11)
-   -   CPA or DIY (http://www.gopherforum.com/showthread.php?t=17354)

Columbianalawns 09-12-2012 04:13 PM

CPA or DIY
 
Alright brothers, when is it necessary at what point do you need to get a cpa instead of doing taxes yourself? I have so much stuff between reciepts for fuel, equipment, maintenance items, invoices and invoices. I dont know where to start with any of this stuff.

Steve 09-13-2012 12:25 PM

My take is this. As a business owner, it's a good thing to know how to do every part of your business. Taxes and how the tax system works is important to know. There is plenty of tax software that makes the process relatively simple to handle your own taxes. By going through the process, you will learn a lot about expenses and income and where your money is going and all that.

Sure you can hire someone else to do this, but you wont get the chance to learn then.

Keep us posted on what you decide to do.

SECTLANDSCAPING 09-13-2012 12:33 PM

I would sit down with a cpa with all your questions and have them set up a system that you could do yourself. I use quickbooks for accounting. When I talked to my family friend she said they use turbo tax for businesses. I had her answer a few questions like what goes where and then I did it myself.

I'm with you though. I have a bin of receipts and sometime during the month ill go through and add them all into the system. It doesnt take as long as it seems.

Columbianalawns 09-13-2012 03:15 PM

I really cant see the point in paying someone and risk being screwed by them, There are things im uncertain about such as writing off equipment and parts, fuel and such.. I would def like to do it by myself, just need to know where to start. Ill proly hook up with one and get some advise or maybe even talk with some of the guys around the firehouse to get some info on how they do it, but they can be vague sometimes. Thanks guys any more input would be greatly appreciated..

wandfsmall 09-13-2012 05:27 PM

Quote:

Originally Posted by Columbianalawns (Post 115774)
I really cant see the point in paying someone and risk being screwed by them, There are things im uncertain about such as writing off equipment and parts, fuel and such.. I would def like to do it by myself, just need to know where to start. Ill proly hook up with one and get some advise or maybe even talk with some of the guys around the firehouse to get some info on how they do it, but they can be vague sometimes. Thanks guys any more input would be greatly appreciated..

I think you have to depreciate your mowers, truck and trailer or at least we do here. But I would look into it if that applys to what your asking.

dpld 09-13-2012 05:29 PM

Quote:

Originally Posted by Columbianalawns (Post 115774)
I really cant see the point in paying someone and risk being screwed by them, There are things im uncertain about such as writing off equipment and parts, fuel and such.. I would def like to do it by myself, just need to know where to start. Ill proly hook up with one and get some advise or maybe even talk with some of the guys around the firehouse to get some info on how they do it, but they can be vague sometimes. Thanks guys any more input would be greatly appreciated..



it is always good to have better insight as to what makes you business tick and give yourself a better understanding of how the tax code works but to suggest that you would be better off or safer to take it on by yourself then hiring a professional is a ridiculous thing to say.

do you know how big the tax code is ? do you know there are revisions every year?
only a cpa would be aware of all the mundane little details and all the current updates that occur every year.

plus if your taxes get screwed up or a mistake is made it is all on him not you.
you will still be liable for any money's you owe but the fault of the error lies on him.

you need to have everything prepared for him because if you just take a pile of receipts to him then you will be screwing yourself by having to pay him cpa hourly rates.

you can do it the old fashioned way by keeping a cash receipts ledger and a cash disbursements ledger which might cost you 5 bucks or you can buy a quick books software or anything like that to do it through your computer.
either way you need to have it ready for him.

i do all my books in house and take care of all payroll in house but come end of the year it i hand it all over to a accountant because he knows not only what is deductible but he also knows the best way to apply it.

all deductions are not created equal as well as some offset and void others out.
take depreciation for a vehicle or a piece of equipment for example, if you are not turning too big of a profit and you already got enough deductions to offset that you may want to take that loss over time where as if you had a big year you may want to use it all at once.

those are big things and only a real cpa would know that and softwares don't lay out and explain all the options as thoroughly.
and when i say cpa i am talking about a real cpa not some H&R block churn them and burn them place.

this year and next year will be years that having a pro in your corner will be more important then ever because we got some whacked out crap coming our way in the near future, especially if oblah blah gets re-elected.

that's my two cents, good luck.


All times are GMT -5. The time now is 10:58 AM.

Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
(C) 2011 Riggs Publications - Terms of use & Privacy Policy

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Any successful one man...
WarriorLandscapingCAN
09-26-2016 06:04 AM
Today 06:43 AM
by tannerduncan
3 202
Say Hello !!!
Steve
03-19-2007 11:18 AM
Yesterday 01:01 AM
by myrlage
1,256 444,076
A quick Intro
BLE
08-14-2016 05:17 PM
Yesterday 12:53 AM
by myrlage
3 1,285
What were your top...
WarriorLandscapingCAN
09-13-2016 05:10 PM
09-26-2016 05:43 PM
by Steve
4 507
Enter to win Free...
arthur712
09-25-2016 11:28 AM
09-26-2016 05:41 PM
by Steve
1 182
I have a new show!
Chilehead
09-19-2016 06:50 PM
09-23-2016 05:45 AM
by Chilehead
7 267
First commercial estimate
WarriorLandscapingCAN
09-19-2016 12:42 PM
09-22-2016 05:42 PM
by acrajchel
7 278
Larger projects - Labor...
WarriorLandscapingCAN
09-18-2016 07:38 AM
09-21-2016 06:51 AM
by Chilehead
5 289
I need some business...
Firehouselawn@hotmail.com
07-06-2016 05:42 AM
09-16-2016 01:50 PM
by DLC123
5 761
Is it too late?
Cpadgett
05-28-2016 09:10 AM
09-16-2016 01:35 PM
by DLC123
15 1,466
Not a newbie just...
lwlawn
09-09-2016 02:32 PM
09-16-2016 01:25 PM
by DLC123
2 634
I'm making stupid money...
WarriorLandscapingCAN
08-07-2016 07:07 PM
09-16-2016 01:15 PM
by DLC123
6 1,537
Lawn problem
magiccc
09-14-2016 11:37 AM
09-15-2016 06:14 AM
by Chilehead
2 421
What kind of seed do you...
Bradcook21
09-02-2016 02:58 PM
09-12-2016 07:18 AM
by joshp
4 1,059
Commercial Flail Mower...
Chickenthief
09-05-2016 04:46 PM
09-09-2016 04:50 PM
by Steve
7 911
Newbie here
paulgrant
09-07-2016 04:52 PM
09-09-2016 12:01 AM
by paulgrant
2 752
Hello, New Member Here,...
Chickenthief
09-05-2016 06:19 PM
09-08-2016 09:35 PM
by Chickenthief
6 878
Pricing fall cleanups?
WarriorLandscapingCAN
09-06-2016 11:17 AM
09-07-2016 04:06 PM
by Steve
3 844
My Invention
biglee
01-11-2015 06:51 PM
08-31-2016 02:47 PM
by Steve
21 3,414
Read more about these lawn care business marketing categories.
General Business:
GopherHaul, Podcast
How to Estimate - Services To Offer:
Aeration, Apartment / Condo, bed edging, Color Change Plantings, Dethatching, Edging, Fall Leaf Cleanups, Foreclosed Homes, Gutter Cleaning, Hardscaping, Hedge Trimming, Home Safety Inspection, Irrigation, Landscape Project, Lawn Mower Repair, Mowing, Mulch Jobs, Outdoor decoration, Parking Lot Cleanups, Pet Waste Removal, Pressure Washing, Property Management, Snow plowing, Stump Grinding, Tree Removal
How to Estimate Jobs:
Lawn Care Business:
Barter, Bikini Lawn Care, Business Failure, Business loan, Business Plan, Debt, Debt Collection, Estimate or Proposal Form, Franchise, Fuel surcharge, How to sell, Insurance, Job Tracking, Lawn Care Contract, Lawn Care Customer Survey, Lawn Care Uniform, Lawn Care Videos, Operational Costs, Overhead Costs, Prepay, Pricing, Start up, Tiger Time Lawn Care,
Lawn Care Business Books:
Lawn Care Customers:
Buying customers, Commercial Customers, Customer Retention, How to get, Residential Customers
Lawn Care Employees:
1 Man Lawn Crew, Bonus Pay, training, Your First Employee
lawn care equipment:
bed edger, Lawn Care Truck, Leaf Sweeper, Mower, New Arrival, Trailer, UltraVac
Lawn Care Marketing:
Billboard, Brochure, Business Card, Community Projects To Promote Your Business, Coupons, Cross Promotion / Synergy, Direct Mail, Door hanger, door to door, Free Giveaway Contest, Free Lawn Care Flyer Template, Gift or Discount Cards, home show, Internet, Lawn Care Business Sales Letter, Lawn Care Logo, Lawn Care Marketing, Lawn Care Truck & Trailer Signs, Lawn Care Website, Lawn Signs, Magazine Ad, Magnets, Mailing list, Marketing on Craigslist.com, Newspaper Ads, Parade, Postcards, publicity stunt, Referrals, Review My Lawn Care Marketing Material, t-shirt, Welcoming Kit, Word Of Mouth
Seasonal Promotion Ideas:
4th of July, Armed Forces Day, Christmas, Election Day, Fall, Halloween, Memorial Day, Spring, Summer, Valentine's Day, Veteran's Day, Winter:
Software:
Estimation Software, Landscaper Software, Landscaping Business Software, Landscaping Estimate Software, Landscaping Software, Lawn Care Business Software, Lawn Care Estimating Software, Lawn Care Software, Mowing Software
Uncategorized:
Video:
Website:
Search Engine Optimization
» Lawn Care Business Discussion Categories
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 10:58 AM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 10:58 AM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy