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: 904
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: 36,307
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: 904
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: 36,307
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
Walk Behinds and Texas...
SGL1
08-26-2014 03:53 PM
Yesterday 11:36 PM
by SGL1
7 235
snowplowing
jshak40
Yesterday 07:20 AM
Yesterday 07:55 PM
by jrs.landscaping
5 101
Brake job!
kslawn
08-30-2014 07:49 AM
Yesterday 05:57 PM
by 04bluesilverado
5 146
Trailer tires
J.A.S.LawnService
Yesterday 10:17 AM
Yesterday 11:39 AM
by stevef1201
1 51
Mowing 7 acres
avetslawncare
08-31-2014 04:24 PM
08-31-2014 05:55 PM
by stevef1201
3 103
Help pricing cut down 7...
Bradcook21
08-26-2014 11:17 PM
08-31-2014 04:48 PM
by avetslawncare
6 224
New to the industry-...
Lsmain
08-31-2014 10:53 AM
08-31-2014 10:53 AM
by Lsmain
0 78
Sod
RosalesLawnCare
08-27-2014 03:47 PM
08-30-2014 07:00 PM
by RosalesLawnCare
2 165
Lawn Route Templates
Landscaper1165
08-30-2014 01:52 PM
08-30-2014 05:04 PM
by stevef1201
1 106
Exmark Lazer Z S-Series...
BLC7
08-22-2014 10:18 AM
08-30-2014 09:49 AM
by BLC7
10 406
Hello! New here and...
CaliforniaFriendly
08-29-2014 11:30 AM
08-29-2014 05:39 PM
by jrs.landscaping
1 124
Stihl engine isn't...
Marcintosh
08-12-2014 08:30 PM
08-28-2014 09:28 PM
by Marcintosh
12 542
Hello
jawnebgoode
08-28-2014 08:37 PM
08-28-2014 08:37 PM
by jawnebgoode
0 66
Hello from Ohio
kurtwin
08-28-2014 05:06 PM
08-28-2014 05:06 PM
by kurtwin
0 90
Softball field
kslawn
08-15-2014 09:28 AM
08-28-2014 12:01 PM
by Steve
16 628
Lawn needs top soil What...
jymie
08-26-2014 11:01 AM
08-28-2014 11:58 AM
by Steve
5 227
Say Hello !!!
Steve
03-19-2007 11:18 AM
08-27-2014 08:33 PM
by kurtwin
1,187 331,270
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
08-26-2014 04:21 PM
by ExtremeLawncareServices
110 6,668
How do I approach...
Bradcook21
08-21-2014 01:48 AM
08-26-2014 05:08 AM
by Billy Goat
12 530
Tender Process
M2Dave
08-24-2014 12:31 PM
08-25-2014 04:14 PM
by Steve
2 210
Grass hopper mower
ExtremeLawncareServices
12-05-2013 08:51 AM
08-25-2014 04:02 PM
by Steve
26 3,866
Need help pricing basic...
Bradcook21
08-22-2014 01:21 AM
08-22-2014 01:05 PM
by Steve
2 295
Yearly contract Pricing
jrob0691
08-21-2014 08:57 AM
08-22-2014 01:01 PM
by Steve
6 373
yearly contract help...
jrob0691
08-21-2014 04:09 PM
08-22-2014 12:48 PM
by Steve
1 243
Pampas bushes
Bradcook21
08-22-2014 01:30 AM
08-22-2014 07:17 AM
by grassdoctore
1 215
2014 Gie-expo
ExtremeLawncareServices
08-19-2014 11:22 PM
08-21-2014 08:50 PM
by phlawncare
2 256
Fuel Can Spouts
Shark1611
08-16-2014 09:09 AM
08-21-2014 08:23 PM
by SGL1
11 501
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
08-21-2014 05:03 PM
by stevef1201
6 759
Hello
M2Dave
08-21-2014 12:32 AM
08-21-2014 01:38 PM
by Steve
1 223
New Landscaping Business
rekon32
08-16-2014 02:26 PM
08-21-2014 12:33 PM
by SouthallMowing
8 559
Downed Tree Chop Bid
WesleySnips
08-16-2014 03:47 PM
08-20-2014 01:44 PM
by SGL1
10 525
60 inch honda/bunton...
pblawncare
08-17-2014 11:30 AM
08-18-2014 03:19 PM
by Steve
2 271
Replacement Parts -...
nicholas-KC
08-16-2014 08:40 AM
08-18-2014 03:16 PM
by Steve
4 382
Preparing the soil
Billy Goat
08-16-2014 06:18 PM
08-18-2014 03:01 PM
by Steve
1 294
What to pay help
phlawncare
08-04-2014 08:33 PM
08-18-2014 10:33 AM
by jrs.landscaping
29 1,124
Hello
Jeff1
08-07-2014 11:18 PM
08-15-2014 11:53 PM
by Jeff1
11 583
Lie #2 RESIDENTIAL...
ExtremeLawncareServices
01-06-2014 05:02 AM
08-15-2014 01:46 PM
by mattthelawnguy
54 6,697
Need help 30 HP koler...
Shady Grady
08-01-2014 03:31 PM
08-15-2014 08:46 AM
by kslawn
18 762
New Boomless Sprayer!
BlackRain75
01-03-2014 01:01 PM
08-14-2014 02:37 AM
by BlackRain75
12 1,958
first year update
cmdlawncare
08-12-2014 05:41 PM
08-13-2014 03:29 PM
by Steve
1 385
Hello from Jacksonville,...
JM Lawn Care
08-10-2014 07:15 AM
08-13-2014 07:04 AM
by Sprinkler Buddy
9 506
Hello everyone new to...
maddyandrays
08-11-2014 04:51 PM
08-12-2014 08:58 PM
by Shark1611
2 340
Walk behinds
hpruitcei
08-07-2014 06:28 PM
08-12-2014 02:35 PM
by mattthelawnguy
7 614
New name help
stevef1201
08-10-2014 04:27 PM
08-12-2014 12:03 PM
by Steve
6 493
my little green dilemmas
Lawn Techie
08-03-2014 11:47 AM
08-11-2014 01:20 PM
by Steve
7 589
what the best...
CleanCutsLLC
08-02-2014 01:02 AM
08-11-2014 01:16 PM
by Steve
6 643
Texas lawn care company...
Livingston Lawn Care
07-25-2014 11:29 AM
08-11-2014 01:19 AM
by ExtremeLawncareServices
13 896
Covering all the bases
janslawncare
08-08-2014 10:11 AM
08-08-2014 01:41 PM
by Steve
1 435
New from Florida
ADE
08-06-2014 08:40 PM
08-08-2014 01:32 PM
by Steve
4 497
JOB - Landscape Install...
janslawncare
08-08-2014 10:06 AM
08-08-2014 10:06 AM
by janslawncare
0 385
» Popular Tags
4wd apartment complex auger birdscaping blades charge collections subcontractor craigslist credit card processing customers ecosymbiosis escrow exmark ferris first truck georgia gopherhaul grass gravely gravely 34" zero turn growing a lawn care business honda how much to charge how to bid john deere quik trac kawasaki labor cost landscape services lawn lawn care lawn care busines plan lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website lawn care website seo lawn service leaf cleanup leaf removal lighting marketing mulch estimate native plants new buisness online classifieds outdoor environments patio install podcast pto redmax rotating savannah scag scripts season seo snow plowing sprayer starting a business start up lawn care business stihl theft tips toro toro grand stand trailer trimmer rack turfgrass consulting walker
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 01:43 AM.


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

All times are GMT -5. The time now is 01:43 AM.

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