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 > Just starting your lawn care or landscaping business? > Starting a lawn care business.

Starting a lawn care business. How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.

Tax deduction question


Starting a lawn care business.

How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 03-26-2012, 12:38 PM
kymd82 kymd82 is offline
Junior Member
 
Join Date: Nov 2011
Posts: 9
Rep Power: 3
kymd82 is on a distinguished road
Default Tax deduction question

Hello,

This is my first FULL year in the landscaping business. Quick question regarding tax deductions. So far for this year, I have been keeping track of my gas for my equipment (mowers, weedeater, blower, etc) as supplies expenses. Is the full cost of the gas for my equipment tax deductible? I've been counting the cost as a supplies expense along with other things, (tools, trimmer string etc.) Thanks in advance for any help.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 03-26-2012, 04:36 PM
CHEESE2009's Avatar
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 73
Posts: 4,475
Rep Power: 10
CHEESE2009 is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
What you spend is never fully recovered, you do receive a percentage back on most things. The percentage you receive back highly depends on your area.
Reply With Quote
  #3  
Old 03-26-2012, 08:43 PM
nickeckes nickeckes is offline
Member
 
Join Date: Apr 2011
Posts: 60
Rep Power: 4
nickeckes is on a distinguished road
Default

any fuel you buy for equipment is tax deductible. . BESIDES your truck (fuel). . you keep track of your miles for that and they deduct off your miles you put on for business. . any thing you buy for the company. . you can write off on your taxes. . even if you buy a notebook and pens. . anything and i mean anything you buy you can right off.....
Reply With Quote
  #4  
Old 03-27-2012, 04:53 AM
CS-LawnService CS-LawnService is offline
Senior Member
 
Join Date: Sep 2011
Location: Paw Paw West Virginia
Age: 50
Posts: 133
Rep Power: 4
CS-LawnService is on a distinguished road
Default

plus fuel for equipment you can deduct the road use tax per gallon
__________________
Chris Hoeltke
serving Winchester Virginia and surrounding areas
C&S Lawn Service

Reply With Quote
  #5  
Old 03-27-2012, 06:05 AM
stevef1201 stevef1201 is offline
Senior Member
 
Join Date: Apr 2010
Location: Central Florida
Posts: 1,121
Rep Power: 6
stevef1201 is on a distinguished road
Default

Before you ask this question here, or from friends etc-CONTACT AN ACCOUNTANT- keep alllllllll your recipts, keep detailed records of how many miles you drive for business, it is best to have two vehicles. By keeping very detailed records and alll of your receipts with an accoutnants help you can make good money and write off just about everything.
Reply With Quote
  #6  
Old 03-27-2012, 01:07 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,431
Rep Power: 10
Steve has disabled reputation
Default

Are you going to be doing your own taxes with a tax software product or will you be using an accountant/tax preparer?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #7  
Old 03-28-2012, 08:00 AM
HAMPTON ROADS LAWN CARE HAMPTON ROADS LAWN CARE is offline
Member
 
Join Date: Feb 2012
Posts: 78
Rep Power: 3
HAMPTON ROADS LAWN CARE is on a distinguished road
Default

I will tell you like this!!!

I have 2 trucks and so my dually is straight business use!

There for I right off the payment, insurance and all diesel that goes into my truck!

I also write off all gas for my mowers and trimmers etc....

But like it was said earlier in this thread just about anything.

My accountans have always told me that you cannot write off food based on breakfast or lunch etc BUT "if you take a client to lunch, dinner ect" its covered but only half of the bill not including tip!

So there for if you take your family out for dinner just say "its business related" and you can write off half.

Also your big purchaces like mowers, trailer, and truck will be spread over a 5 year period minus depreciation and you can write off a certian amount every year!!!

If at the end of the year you are in the negative they will roll that into your personal taxes and you will get a nicer return because your business loss takes away your from personal gain in your personal taxes!!!

So make sure you save everything and keep detailed records because it will save you $$$$ @ the accountant!!!

Lastly like said earlier if you only have 1 truck doccumet your milage from when you leave home to when u get back home because you can right off the milage I remember a few years ago they were payig 49.5 cent a mile!!!

Hope this helps!!!
__________________
LICENSED AND INSURED

Reply With Quote
  #8  
Old 03-29-2012, 06:39 AM
kymd82 kymd82 is offline
Junior Member
 
Join Date: Nov 2011
Posts: 9
Rep Power: 3
kymd82 is on a distinguished road
Default

Thanks for all of the help guys! I am using Quickbooks Pro to help me keep track of everything. It's been a wonderful piece of software so far. I have made sure to keep receipts of EVERYTHING that I buy for the business. I use my truck for both personal and business use, so I have been keeping a log book for the mileage. I assumed that the gas for my equipment (weedeater, blower, mower etc) would count as supplies and be fully tax deductible. I'm getting the idea that come tax time, that the IRS gives only a partial deduction for "off-road" gas? I assumed the gas would be considered straight supplies and I'd be able to deduct the full amount off of the business income.
Reply With Quote
  #9  
Old 03-29-2012, 09:51 AM
justin_time justin_time is offline
Justin
 
Join Date: Apr 2006
Location: French River, ON, Canada
Age: 28
Posts: 1,801
Rep Power: 0
justin_time is on a distinguished road
Default

What I usually do, when I get to the gas station, I use 2 different pumps. I fill up my truck with 1 pump, then put the gas for equipment with another pump, that way you can know exactly what your spending on equipment fuel. I also make the gas bar attendant make me 2 separate lines for my truck and equipment then it gives me my total. Then i write truck beside the amount.

Reply With Quote
Reply

Bookmarks

Tags
expenses, taxes, write offs

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
DBA Question DillonB92 Lawn Care Employees Discussions 7 02-21-2011 08:32 PM
Zany Tax Deduction for Lawn Care Operators Steve General Business Discussions 4 02-08-2007 02:45 AM
Deduction time is now Steve General Business Discussions 0 12-19-2006 01:53 PM
Tax Question Steve General Business Discussions 0 12-22-2005 05:36 PM
Take a working vacation ** and a deduction Steve General Business Discussions 0 10-29-2004 08:17 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Incorporating &...
WesleySnips
Yesterday 09:39 PM
Yesterday 09:39 PM
by WesleySnips
0 26
Hello from Kentucky
TRV
09-30-2014 05:42 PM
Yesterday 09:21 PM
by TRV
3 143
Mowing the hills
EyeCatchersNow
07-08-2014 12:22 PM
Yesterday 05:57 PM
by Steve
21 1,864
Real Estate??
tbtigers03
09-30-2014 06:43 PM
Yesterday 05:01 PM
by stevef1201
5 198
John Deere z235 Deck
WesleySnips
09-29-2014 06:02 PM
Yesterday 04:38 PM
by WesleySnips
5 249
Sprinkler head guards...
Sprinkler Buddy
09-27-2014 04:55 AM
Yesterday 02:50 PM
by Sprinkler Buddy
6 452
Look out Bob Villa -...
Mr Dave
09-30-2014 10:06 AM
Yesterday 02:19 PM
by Steve
5 219
Question?what should I...
dalvan0
09-24-2014 11:10 PM
Yesterday 01:39 PM
by Steve
17 838
Whe does Mowing season...
jack2048
09-30-2014 07:05 AM
Yesterday 01:38 PM
by jack2048
4 212
Kohler command carb...
ExtremeLawncareServices
09-21-2014 03:09 PM
Yesterday 01:30 PM
by Steve
26 1,177
Help a brother...
tbtigers03
09-28-2014 11:41 AM
Yesterday 01:26 PM
by Steve
7 400
Give Me Your Problems
ellakit
09-30-2014 04:10 PM
09-30-2014 04:10 PM
by ellakit
0 17
Say Hello !!!
Steve
03-19-2007 11:18 AM
09-30-2014 03:53 PM
by ellakit
1,188 336,314
Falling into business
stellarmowing
09-28-2014 04:35 PM
09-30-2014 02:17 PM
by Steve
4 360
hey
sizemorelawncare
09-28-2014 08:12 PM
09-29-2014 03:10 PM
by Steve
2 289
Update on LawnsAway and...
Ian Lovejoy
09-28-2014 10:24 AM
09-29-2014 03:09 PM
by Steve
2 344
Need to figure out how...
tjslawnde
09-28-2014 10:31 AM
09-29-2014 03:05 PM
by Steve
4 354
Aerocore Deck?
wdrdoctor
09-26-2014 06:21 PM
09-29-2014 02:36 PM
by Steve
3 480
Hello from CNY
arazucontracting
09-22-2014 06:07 PM
09-29-2014 02:33 PM
by Steve
3 737
How to price lawn mowing.
jack2048
09-24-2014 04:18 PM
09-29-2014 02:27 PM
by Steve
4 594
Pricing ????
6295danny
01-14-2013 07:54 PM
09-29-2014 02:22 PM
by Steve
35 6,607
30 Inch Push Mowers Pros...
Billy Goat
06-27-2013 08:07 PM
09-27-2014 04:11 PM
by SGL1
30 7,140
Replacing a Shindi T-27
Dan Tanner
09-13-2014 12:59 PM
09-26-2014 04:16 PM
by stevef1201
5 1,119
Looking for feed back on...
ExtremeLawncareServices
09-17-2014 08:38 AM
09-25-2014 09:18 AM
by ExtremeLawncareServices
10 1,146
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
09-25-2014 08:01 AM
by ExtremeLawncareServices
124 9,350
Trying something new,...
ExtremeLawncareServices
09-21-2014 09:07 PM
09-23-2014 11:13 AM
by Steve
4 830
This sucks...
Matther777
09-18-2014 04:56 PM
09-22-2014 08:02 PM
by ExtremeLawncareServices
11 1,204
Not sure, but anyone do...
SnowRemoval2k14
09-22-2014 12:10 AM
09-22-2014 04:49 PM
by Steve
1 775
Tribulations of working...
stevef1201
09-13-2014 08:37 AM
09-22-2014 04:45 PM
by Steve
9 1,105
Mulching beds
Bradcook21
09-21-2014 07:43 AM
09-22-2014 04:43 PM
by Steve
3 844
Scag turf tiger hydrolic...
ExtremeLawncareServices
09-04-2014 10:55 PM
09-22-2014 04:35 PM
by Steve
12 1,471
2014 Gie-expo
ExtremeLawncareServices
08-19-2014 11:22 PM
09-21-2014 09:23 PM
by ExtremeLawncareServices
3 1,510
Mowing 7 acres
avetslawncare
08-31-2014 04:24 PM
09-19-2014 03:29 PM
by acrajchel
6 1,726
snowplowing
jshak40
09-01-2014 07:20 AM
09-19-2014 11:49 AM
by Steve
23 2,160
Lowballers scrubs &...
Darksteel
01-13-2014 07:35 AM
09-18-2014 06:32 PM
by Northwoods Outdoors
58 7,551
Hello from upstate NY!
A&MLawn&Snow
09-18-2014 11:19 AM
09-18-2014 04:10 PM
by Sprinkler Buddy
2 940
Price to apply fertilizer
SS.Lawncare
09-15-2014 11:10 AM
09-18-2014 01:16 PM
by Steve
9 1,123
Trailer tires
J.A.S.LawnService
09-01-2014 10:17 AM
09-17-2014 09:57 PM
by curts lawn care
4 1,558
new to the forum
SGlawncare
09-16-2014 11:20 PM
09-17-2014 08:29 PM
by curts lawn care
3 949
Help With Snow Blowing...
Robertf31
09-13-2014 10:55 PM
09-17-2014 12:34 PM
by Steve
11 1,319
Non-Stop Summer?
SouthallMowing
09-14-2014 10:51 PM
09-17-2014 10:48 AM
by stevef1201
6 1,072
Poll - net income
Dan5082
11-15-2010 08:08 PM
09-16-2014 04:44 PM
by jrs.landscaping
12 3,825
Getting lowballed!
PineHillLawn
06-27-2012 07:23 AM
09-16-2014 01:25 PM
by jrs.landscaping
24 5,565
Compare this summer to...
Steve
09-03-2014 12:52 PM
09-16-2014 11:20 AM
by Hanks Lawn Care Services
15 1,748
thinking about throwing...
veteranslawncaresystems
09-09-2014 10:31 PM
09-15-2014 03:41 PM
by Steve
12 1,473
Hello
Robertf31
09-12-2014 10:34 PM
09-15-2014 03:17 PM
by Steve
2 964
Newbie......Again
Jibber
09-13-2014 12:17 PM
09-15-2014 02:54 PM
by Sprinkler Buddy
2 1,092
need help with starter...
GoGreenerKS
09-12-2014 04:23 PM
09-15-2014 02:25 PM
by Steve
3 1,015
Brake job!
kslawn
08-30-2014 07:49 AM
09-15-2014 02:16 PM
by Steve
12 1,833
Hello
jawnebgoode
08-28-2014 08:37 PM
09-15-2014 02:15 PM
by Steve
3 1,557
» Popular Tags
2wd 4x4 aerocore apartment bid article marketing auger bid billy goat brushcutter care charge collections subcontractor decorating deliquentaccounts equipment rental exmark ferris foreman four wheel drive gopherhaul grass gravely health hills honda how much to charge husqvarna installation john deere quik trac landscape services lawn lawn care lawn care business podcast lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care seo lawn care website lighting brass outdoor lights managing a lawn care business marketing mechanic monthly mulch mulch price new buisness new business podcast promotion pto push versus ride savannah scag schedule scripts seo snow snow plowing starting a business starting a lawn care business stihl sulky theft theft of services toro toro grand stand trailer trimmer rack walk behind walker
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 03:17 AM.


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

All times are GMT -5. The time now is 03:17 AM.

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