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 > Business > General Business Discussions

General Business Discussions A place to talk about general business discussions.

CPA or DIY


General Business Discussions

A place to talk about general business discussions.
Reply
 
Thread Tools Search this Thread
  #1  
Old 09-12-2012, 04:13 PM
Columbianalawns Columbianalawns is offline
Junior Member
 
Join Date: Mar 2012
Location: Irmo, SC
Posts: 7
Rep Power: 4
Columbianalawns is on a distinguished road
Angry 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.
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 09-13-2012, 12:25 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,495
Rep Power: 10
Steve has disabled reputation
Default

Lawn care business tipsLawn Care Business Book
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.
__________________
- 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
  #3  
Old 09-13-2012, 12:33 PM
SECTLANDSCAPING SECTLANDSCAPING is offline
new member
 
Join Date: Jul 2009
Location: CT
Posts: 1,912
Rep Power: 0
SECTLANDSCAPING is on a distinguished road
Default

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.
Reply With Quote
  #4  
Old 09-13-2012, 03:15 PM
Columbianalawns Columbianalawns is offline
Junior Member
 
Join Date: Mar 2012
Location: Irmo, SC
Posts: 7
Rep Power: 4
Columbianalawns is on a distinguished road
Default

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..
Reply With Quote
  #5  
Old 09-13-2012, 05:27 PM
wandfsmall wandfsmall is offline
Senior Member
 
Join Date: Sep 2010
Posts: 925
Rep Power: 5
wandfsmall is on a distinguished road
Default

Quote:
Originally Posted by Columbianalawns View Post
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.
__________________
I am the owner of www.AllOutdoorParts.com an online mower parts distributor. I am also a Briggs Master Service Technician and Expert Certified Mechanic for Kohler. If my posts helps you please like my facebook page at www.facebook.com/alloutdoorparts
Reply With Quote
  #6  
Old 09-13-2012, 05:29 PM
dpld dpld is offline
new member
 
Join Date: Jan 2012
Location: nj
Posts: 885
Rep Power: 0
dpld is on a distinguished road
Default

Quote:
Originally Posted by Columbianalawns View Post
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.
Reply With Quote
Reply

Bookmarks

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

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Pricing issue
Mr. Mow
07-07-2015 06:15 AM
Yesterday 06:40 PM
by GreenWorx
17 555
scag SWZT review!
mattthelawnguy
07-23-2015 02:28 PM
Yesterday 06:38 PM
by mattthelawnguy
5 128
how to make customers...
Bradcook21
05-27-2015 05:04 PM
Yesterday 06:08 PM
by GreenWorx
15 2,728
Assessing the Market
NJDB60
Yesterday 03:25 PM
Yesterday 06:00 PM
by GreenWorx
1 42
NewVenture
NJDB60
Yesterday 03:38 PM
Yesterday 03:38 PM
by NJDB60
0 33
Watch out for this -...
rootytalbot
07-22-2015 02:13 PM
Yesterday 11:36 AM
by Steve
4 147
Need your help, Gopher...
Chilehead
07-23-2015 07:02 PM
Yesterday 11:28 AM
by Steve
11 202
Should I buy this Exmark...
googus
07-03-2015 09:22 AM
Yesterday 11:27 AM
by googus
8 400
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
Yesterday 11:22 AM
by Steve
94 10,197
Dogs
Mr. Mow
06-29-2015 02:37 PM
07-25-2015 07:50 AM
by Chilehead
12 2,228
Just about mid year, how...
GreenWorx
06-24-2015 07:05 PM
07-22-2015 07:31 PM
by Chilehead
14 2,293
Learning as I grow -...
WarriorLandscapingCAN
07-18-2015 07:46 AM
07-21-2015 10:53 AM
by Steve
3 147
Large dirt mound removal
purdue1973
07-09-2015 07:45 PM
07-20-2015 12:55 PM
by Steve
6 247
Hey everyone
Fantasy landscaping
07-09-2015 06:53 AM
07-09-2015 11:47 AM
by Steve
1 166
Quickbooks Online
jscarolina
07-08-2015 07:54 AM
07-08-2015 12:55 PM
by Nate10928
1 177
I dont know what to do...
Bradcook21
06-21-2015 08:49 AM
07-07-2015 09:48 PM
by SGL1
16 2,557
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
07-07-2015 02:54 PM
by GreenWorx
13 3,496
Is it too late to do...
markty
06-16-2015 05:28 PM
07-07-2015 01:00 PM
by problem solver
9 2,305
Hi everyone
Mattw
07-06-2015 05:59 PM
07-07-2015 10:18 AM
by Steve
1 194
4th of July parade...
Steve
07-06-2015 10:35 AM
07-06-2015 10:35 AM
by Steve
0 139
Unemployment rates drop,...
Steve
07-02-2015 12:40 PM
07-06-2015 10:30 AM
by Steve
4 309
another newish job for me
holymoly
06-07-2015 08:34 AM
07-03-2015 02:06 PM
by American L&T
9 2,315
Before & After tree...
COREtreeservice
07-01-2015 09:20 PM
07-01-2015 09:20 PM
by COREtreeservice
0 234
Ready to learn and get...
Koley Lawn & Landscape
06-28-2015 05:16 AM
07-01-2015 11:26 AM
by Steve
8 2,080
Three Stripe Land Care...
hammr04
06-30-2015 07:19 PM
07-01-2015 11:24 AM
by Steve
1 208
Country Life Lawn Care
darleneh
06-29-2015 11:24 AM
06-30-2015 01:25 PM
by Steve
3 1,916
Rubber mulch...
avetslawncare
06-24-2015 09:28 PM
06-29-2015 09:23 PM
by Chilehead
6 2,086
» Popular Tags
ad landscaping advertising aerocore apartment bid apartment complex apartment lawn care estimate applying bark billy goat brushcutter blowout bush collections curb appeal services deliquentaccounts design door hangers employee problems equipment dealer equipment rental facebook financials flyers foreman free advertising free lawn care growing a lawn care business hiring how to husqvarna hydro increase customers jobs landscape landscape services landscaping lawn aeration lawn care lawn care busines plan lawn mowing marketing marketing secrets more customers business mr dave mulch new business per hour charge plowing pricing profit on employee quickbooks roundup scag secrets to landscaping shell small engine repair snow plowing solo solo backpack sprayer sq ft square foot swzt tree tree pics walk behind web design website website design winterization wood www.greenturion.co.za
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 02:44 AM.


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

All times are GMT -5. The time now is 02:44 AM.

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