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.

Concern About Profit


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 01-15-2011, 09:46 PM
aduttonater aduttonater is offline
Member
 
Join Date: Apr 2010
Location: Tucson, Arizona
Posts: 88
Rep Power: 5
aduttonater is on a distinguished road
Default Concern About Profit

I am moving forward to becoming more legit with my services. Right now I am currently establishing a company name with the city. I've been reading up on information based on "taxes" that will occur quarterly as I continue working my business.

Now here's the question.

I've been currently earning profit with the business, but after wages and expenses I am pretty much just working as an individual for a company myself. The is no major overhead profit.

Once I become legit and start having to pay these taxes, won't I loose more money?

Will this become a liability for me, in the fact that I will not be making as much money as I am now?
__________________
Want More Money More Customers? Click here for instant navigation. Gain
$1000 Knowledge for the price of a medium sized pizza.
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 01-15-2011, 09:59 PM
jymie's Avatar
jymie jymie is offline
Senior Member
 
Join Date: Aug 2008
Location: Hamburg New York
Posts: 905
Rep Power: 7
jymie is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
When you go to the store, you pay taxes. It is added on after they ring up the purchases. You incorporate the tax into your charge for your services. Paying taxes helps the economy. Always pass the tax cost onto the customer.
Reply With Quote
  #3  
Old 01-16-2011, 02:16 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,501
Rep Power: 10
Steve has disabled reputation
Default

Quote:
Now here's the question.

I've been currently earning profit with the business, but after wages and expenses I am pretty much just working as an individual for a company myself. The is no major overhead profit.
What do you mean by overhead profit?

Quote:
Once I become legit and start having to pay these taxes, won't I loose more money?
Well, I would say you will be left with less profit because you would be paying a % of your profits out as taxes.

Quote:
Will this become a liability for me, in the fact that I will not be making as much money as I am now?
If you mean will paying taxes become a liability for you? Sure it will. It will be something that is paid and subtracted from what you are able to take home.

I guess anyone who doesn't pay taxes is making more money, but there is a down side to it. It is illegal. So when you factor in the liability of getting caught not paying taxes, that can REALLY effect your income.

What's your thoughts on all that?
__________________
- 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
  #4  
Old 01-16-2011, 06:44 AM
aduttonater aduttonater is offline
Member
 
Join Date: Apr 2010
Location: Tucson, Arizona
Posts: 88
Rep Power: 5
aduttonater is on a distinguished road
Default

I will just charge what I normally charge, then add sales tax either in the bid, or start using different receipts to where I can show how much sales tax they have to pay in addition to the regular cost.

Are there any benefits for paying taxes? I'd like to know if I can get a return for next years filings.
__________________
Want More Money More Customers? Click here for instant navigation. Gain
$1000 Knowledge for the price of a medium sized pizza.
Reply With Quote
  #5  
Old 01-16-2011, 08:06 PM
jasonw's Avatar
jasonw jasonw is offline
Senior Member
 
Join Date: Feb 2009
Posts: 1,008
Rep Power: 7
jasonw is on a distinguished road
Default

The worst part is here in California I have to pay taxes on my business profit then pay income taxes on my personal income from the taxed profit. We get taxed like 38 times on the same money every year.
__________________
White Company
Reply With Quote
  #6  
Old 01-16-2011, 08:08 PM
jymie's Avatar
jymie jymie is offline
Senior Member
 
Join Date: Aug 2008
Location: Hamburg New York
Posts: 905
Rep Power: 7
jymie is on a distinguished road
Default

They tax you when you earn it and they tax you when you spend it.
Reply With Quote
  #7  
Old 01-16-2011, 08:39 PM
jasonw's Avatar
jasonw jasonw is offline
Senior Member
 
Join Date: Feb 2009
Posts: 1,008
Rep Power: 7
jasonw is on a distinguished road
Default

Quote:
Originally Posted by jymie View Post
They tax you when you earn it and they tax you when you spend it.
They tax you three or four times when you think about earning or spending it. Its like the City tells me they charge me to flush the toilet then the water agency charges me to fill the toilet back up. Double taxation blows.
__________________
White Company
Reply With Quote
  #8  
Old 01-17-2011, 02:46 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,501
Rep Power: 10
Steve has disabled reputation
Default

Quote:
I will just charge what I normally charge, then add sales tax either in the bid, or start using different receipts to where I can show how much sales tax they have to pay in addition to the regular cost.

Are there any benefits for paying taxes? I'd like to know if I can get a return for next years filings.
Do you have a sales tax certificate? You may need one in your state to be able to collect sales tax.

Also, you need to check if lawn care is a taxable item. It may or may not be.

If you are going to be legit, you need to follow the laws. It's the only way to grow, unless you want to constantly be worried and looking over your shoulder.
__________________
- 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
  #9  
Old 01-18-2011, 08:09 AM
aduttonater aduttonater is offline
Member
 
Join Date: Apr 2010
Location: Tucson, Arizona
Posts: 88
Rep Power: 5
aduttonater is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
Do you have a sales tax certificate? You may need one in your state to be able to collect sales tax.

Also, you need to check if lawn care is a taxable item. It may or may not be.

If you are going to be legit, you need to follow the laws. It's the only way to grow, unless you want to constantly be worried and looking over your shoulder.

I don't have a sales tax certificate, and I'm not sure if Lawn Care is. I am going more of Yard Clean Up Landscaping, but for sure I don't want to be looking behind my back. I'm going to file for $10 downtown either today or tomorrow. Then I have to wait about 2 weeks before I'm officially legally able to work in the city.


Quote:
Originally Posted by jasonw View Post
They tax you three or four times when you think about earning or spending it. Its like the City tells me they charge me to flush the toilet then the water agency charges me to fill the toilet back up. Double taxation blows.
Yeah Tax Blows! But I'm thinking about trying to use this to my advantage. Maybe tell customers that they are supporting the economy and the growth of a new small business in their area. Plus I want to draw up some bid sheets and start charging customers individually for the services that I offer. Then I can bid higher on each shrub we hedge, tree we trim, and area of weeds we remove instead of giving one big price for it all. Plus a hauling charge, and even service charge for showing up to the job site to start the work.
__________________
Want More Money More Customers? Click here for instant navigation. Gain
$1000 Knowledge for the price of a medium sized pizza.
Reply With Quote
  #10  
Old 01-18-2011, 02:41 PM
bruces bruces is offline
new member
 
Join Date: Apr 2010
Posts: 828
Rep Power: 0
bruces is on a distinguished road
Default

where I live,going legit allows you to write off expenses for your business,cell phone,truck,mower,gas,advertising,lunch for clients,parts,and the list goes on and on .I can also pay into and actually collect unemployment insurance as a business owner,we couldnt do that around here very long ago but things have changed a little .Get yourself a good accountant or bookeeper ,and ask questions on what you can deduct and how to work the system to your advantage,huge companies take every advantage they can,so should you ,and it might be possible the government ends up owing you money at the end of the year .
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

Similar Threads
Thread Thread Starter Forum Replies Last Post
What is your profit margin? FourSeasons General Talk 32 11-26-2012 11:50 AM
Company Profit adamsmowing88 Starting a lawn care business. 12 03-12-2010 08:47 PM
$150 profit per day for 60 days lawn mowering Community Assistance 9 03-06-2010 12:15 PM
How to turn my low profit business around mowboy General Business Discussions 3 05-10-2009 07:22 PM
Free Promotion vs. Profit tiedeman General Business Discussions 7 06-21-2006 05:32 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Today 08:58 PM
by ExtremeLawncareServices
152 11,050
Pressure Washing Like a...
TNTurf
08-01-2014 11:47 PM
Today 08:49 PM
by biglee
4 557
Cheapskate Landlord...
Mr. Mow
Today 06:33 AM
Today 08:44 PM
by biglee
6 108
Jungle to Beautiful
stevef1201
10-17-2014 09:54 AM
Today 08:39 PM
by biglee
8 295
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
Today 08:34 PM
by biglee
10 1,635
Sunny Beach Tennis...
SGL1
Yesterday 11:24 PM
Today 07:13 PM
by SGL1
2 91
Hello, from TEXAS
sanchez5
10-17-2014 09:56 PM
Today 06:15 PM
by Steve
3 220
Look out Bob Villa -...
Mr Dave
09-30-2014 10:06 AM
Today 05:42 PM
by SGL1
7 1,184
how to fi d commercial...
mchampion319
Yesterday 09:50 PM
Today 04:41 PM
by Steve
1 94
Hello From Tennessee
mrmann901
10-17-2014 10:02 PM
Today 04:24 PM
by Steve
1 177
questions on order to...
jack2048
10-13-2014 11:15 AM
Today 03:27 PM
by Mr. Mow
15 603
What parts do you carry...
Just for Cuts
10-17-2014 09:08 AM
Today 03:11 PM
by Mr. Mow
20 460
Organic Lawn Care...
NHray
10-17-2014 06:05 PM
Today 02:22 PM
by Steve
1 214
This sucks...
Matther777
09-18-2014 04:56 PM
Today 02:14 PM
by Steve
14 2,053
Cement mixer
KevinsLawns
10-15-2014 08:03 PM
Today 02:11 PM
by Steve
7 349
Hello ! New guy Rob here
RWorthley1
10-17-2014 04:05 PM
Today 02:09 PM
by Steve
1 194
first year update
cmdlawncare
08-12-2014 05:41 PM
Today 02:07 PM
by Steve
3 1,169
Pda
stevef1201
10-18-2014 02:05 PM
Yesterday 11:27 PM
by SGL1
2 173
Snow Blowing
gwilson98
10-12-2014 02:21 PM
10-17-2014 02:51 PM
by Steve
6 535
Spreading Weeds?
WesleySnips
07-27-2014 09:46 PM
10-17-2014 07:49 AM
by SGL1
6 839
Grasswhoopins.com Anyone...
GRASS WHOOPINS
06-21-2011 11:38 PM
10-16-2014 01:30 PM
by ExtremeLawncareServices
42 9,192
I Want to buy old...
ExtremeLawncareServices
10-10-2014 10:04 PM
10-15-2014 09:12 PM
by ExtremeLawncareServices
6 578
Say Hello !!!
Steve
03-19-2007 11:18 AM
10-15-2014 06:43 PM
by NHray
1,190 339,849
Workmans compensation...
CDLAWNCARE
10-15-2014 08:05 AM
10-15-2014 02:57 PM
by Steve
2 321
Do you find weed eating...
chuck2s
10-15-2014 02:10 PM
10-15-2014 02:10 PM
by chuck2s
0 291
Incorporating &...
WesleySnips
10-01-2014 09:39 PM
10-15-2014 01:37 PM
by kslawn
20 1,383
Falling into business
stellarmowing
09-28-2014 04:35 PM
10-15-2014 05:57 AM
by ringahding1
8 1,399
Apartment Complex and...
lxarth
06-22-2011 01:10 PM
10-14-2014 06:25 PM
by jrs.landscaping
42 9,482
I LOVE hedge trimming
stevef1201
10-13-2014 09:05 AM
10-14-2014 01:06 PM
by Steve
5 421
Help with seeder...
ExtremeLawncareServices
10-09-2014 07:39 AM
10-13-2014 08:09 PM
by ExtremeLawncareServices
5 585
The Market watch
WesleySnips
10-12-2014 08:47 PM
10-13-2014 05:40 PM
by SGL1
3 428
Help pricing a large...
Bradcook21
10-07-2014 06:49 AM
10-13-2014 02:00 PM
by Steve
7 774
leaf removal
Double J LLC
10-03-2014 04:24 PM
10-13-2014 06:46 AM
by Billy Goat
19 1,401
Acerage Rake
acrajchel
04-23-2014 07:23 PM
10-12-2014 10:53 PM
by SGL1
2 742
John Deere z235 Deck
WesleySnips
09-29-2014 06:02 PM
10-12-2014 06:20 PM
by kslawn
25 1,544
Credit card contract
SGL1
10-06-2014 05:31 PM
10-12-2014 03:40 PM
by SGL1
18 966
Truck craft dump bed...
ExtremeLawncareServices
10-04-2014 08:41 PM
10-10-2014 11:35 AM
by Steve
7 862
First Time River Rock...
berryjam
10-09-2014 06:09 PM
10-10-2014 11:08 AM
by Steve
2 521
West cost lawn prices
SGlawncare
10-09-2014 09:51 PM
10-10-2014 11:03 AM
by Steve
1 510
Question?what should I...
dalvan0
09-24-2014 11:10 PM
10-09-2014 05:58 PM
by kslawn
28 2,035
Mowing the hills
EyeCatchersNow
07-08-2014 12:22 PM
10-09-2014 04:19 PM
by Just for Cuts
25 2,890
snowplowing
jshak40
09-01-2014 07:20 AM
10-09-2014 02:21 PM
by Steve
25 3,542
Changing Scag Freedom Z...
maggiedavidson
10-06-2014 12:24 PM
10-08-2014 06:34 PM
by ExtremeLawncareServices
7 752
The most dangerous part...
Steve
10-06-2014 02:45 PM
10-07-2014 04:18 PM
by ExtremeLawncareServices
3 728
Good Mower
jack2048
10-04-2014 05:34 PM
10-07-2014 01:05 PM
by Steve
7 817
Mulching fad killing...
Tree geek
10-06-2014 08:37 PM
10-06-2014 08:37 PM
by Tree geek
0 635
Help a brother...
tbtigers03
09-28-2014 11:41 AM
10-06-2014 02:53 PM
by Steve
11 1,359
Update on LawnsAway and...
Ian Lovejoy
09-28-2014 10:24 AM
10-06-2014 01:30 PM
by Steve
4 1,226
A GREAT Story
stevef1201
10-02-2014 10:33 AM
10-06-2014 12:50 PM
by Steve
6 1,032
Kohler command carb...
ExtremeLawncareServices
09-21-2014 03:09 PM
10-03-2014 07:12 PM
by kslawn
27 2,138
» Popular Tags
2wd aerocore apartment bid apartment lawn care estimate applying bush charge christmas deliquentaccounts demonstration exmark ferris first truck foreman georgia gopherhaul grass gravely hills holiday how much to charge how to how to bid hydraulic labor cost landscape services lawn lawn care lawn care busines plan lawn care business book 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 lawn care website seo lighting lighting brass outdoor lights managing a lawn care business marketing mechanic mowing mulch mulch estimate new buisness new business ordinance podcast property management company push versus ride savannah scag scag v-ride scripts seo snow plowing starting a business starting a lawn care business stihl sulky theft toro tractor auger trailer mate pro tree walk behind walker wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 09:06 PM.


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

All times are GMT -5. The time now is 09:06 PM.

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