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: 5
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 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 75
Posts: 4,473
Rep Power: 0
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: 62
Rep Power: 6
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: 52
Posts: 133
Rep Power: 5
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: 1,236
Rep Power: 8
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: 38,010
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: 5
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: 5
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: 30
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
Review of our lawn care...
Lawnline
07-12-2016 06:40 PM
Yesterday 10:01 PM
by Lawnline
1 505
How much to charge for...
jymie
03-31-2013 05:59 PM
07-27-2016 08:02 PM
by Steve
25 6,041
Now Hiring Just South of...
Chilehead
07-27-2016 11:38 AM
07-27-2016 11:38 AM
by Chilehead
0 27
Hi from Long Island NY
Lori22
07-18-2016 02:01 PM
07-26-2016 11:22 PM
by Chilehead
11 264
Hi everyone!
greenwavemedia
07-25-2016 03:22 PM
07-26-2016 11:21 AM
by Lawnline
2 58
Hi! I'm Tony from Tampa
Lawnline
07-12-2016 06:47 PM
07-26-2016 11:12 AM
by Lawnline
6 667
Needing a website built
burtle
06-17-2015 09:02 AM
07-26-2016 10:30 AM
by Lawnline
16 18,763
Z246 Deck change question
JohnsLawnCare
07-25-2016 01:47 PM
07-25-2016 06:38 PM
by Steve
1 52
DIY Sprayer
acrajchel
07-25-2016 09:13 AM
07-25-2016 06:36 PM
by Steve
1 50
Hello Everyone
JohnsLawnCare
06-22-2016 11:14 AM
07-25-2016 06:20 PM
by Steve
15 581
New Site Hows it look
Infinitelawn
03-16-2015 10:32 AM
07-25-2016 03:06 PM
by greenwavemedia
5 10,514
Looking for new host
Just for Cuts
11-26-2015 06:58 AM
07-25-2016 02:49 PM
by greenwavemedia
9 1,499
New Business Owner
danesdanglas87
07-20-2016 12:31 PM
07-21-2016 05:04 PM
by Steve
2 126
Question about...
Bradcook21
07-18-2016 05:22 PM
07-19-2016 04:38 PM
by Steve
2 148
Hello from Watertown New...
lawnmanrick81
07-19-2016 03:57 PM
07-19-2016 04:11 PM
by Steve
1 84
Gutter Cleaning Tool
DanielThomas
07-18-2016 08:23 AM
07-18-2016 04:36 PM
by Steve
1 116
Starting on a lawn care...
Coco3465
07-16-2016 11:26 AM
07-17-2016 09:20 AM
by Steve
1 142
Aspiring Company Owner
TJ136
07-12-2016 05:12 AM
07-15-2016 02:52 PM
by SC93
6 248
Hi Everyone
JavelinaLawn
07-10-2016 07:29 PM
07-13-2016 02:01 PM
by Chilehead
5 781
Custom Canopies
JohnsLawnCare
07-12-2016 08:38 AM
07-12-2016 04:14 PM
by Steve
1 291
Spot checked by...
Just for Cuts
06-28-2016 02:34 PM
07-11-2016 03:53 PM
by Steve
4 311
John Deere JS40 issues
Mr. Mow
07-06-2016 01:28 PM
07-11-2016 03:52 PM
by Steve
3 236
Start My Own Business?
mowandblow1980
01-12-2016 07:43 PM
07-11-2016 11:18 AM
by DanielThomas
15 1,793
Rubber mulch...
avetslawncare
06-24-2015 09:28 PM
07-11-2016 09:11 AM
by Chilehead
9 3,318
Firefighter gone Lawn...
Firehouselawn@hotmail.com
03-10-2016 04:50 PM
07-07-2016 05:07 PM
by Steve
11 10,575
I need some business...
Firehouselawn@hotmail.com
07-06-2016 05:42 AM
07-07-2016 05:00 PM
by Steve
4 278
Business Overload
Chilehead
05-06-2016 09:27 PM
07-07-2016 04:53 PM
by Steve
24 1,298
Chemical Applications
acrajchel
06-24-2016 06:44 PM
07-05-2016 12:38 PM
by Chilehead
6 395
Is it too late?
Cpadgett
05-28-2016 09:10 AM
07-05-2016 11:54 AM
by Steve
14 898
3 Applications or 5...
stansg1fresh
02-18-2013 12:02 PM
07-04-2016 09:19 AM
by LawnPerfection
9 1,721
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
07-02-2016 03:41 AM
by markty
27 1,976
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 03:59 PM.


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

All times are GMT -5. The time now is 03:59 PM.

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