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: 4
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: 74
Posts: 4,475
Rep Power: 11
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: 51
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: 1,236
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: 37,141
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: 4
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: 4
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: 29
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
New to the site
tl757
Today 07:30 PM
Today 07:30 PM
by tl757
0 1
Billing methods
jcurr33
03-26-2015 01:33 PM
Today 07:10 PM
by shadrach
9 261
Commercial Jobs
CurbAppeal1
03-25-2015 04:22 PM
Today 06:42 PM
by lxarth
9 295
How do you get...
ESREVER
03-25-2015 01:30 PM
Today 06:30 PM
by lxarth
10 270
First big mower decision?
SGL1
03-28-2015 08:58 AM
Today 06:27 PM
by Just for Cuts
10 186
Trailer flooring...
Pattersonllc
Today 02:40 PM
Today 06:25 PM
by Just for Cuts
1 26
Snow removal contracts
CDLAWNCARE
Today 02:57 PM
Today 02:57 PM
by CDLAWNCARE
0 27
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
Today 02:21 PM
by Steve
35 4,117
landscape insurance
clarkslawn
Yesterday 10:14 PM
Today 02:14 PM
by Steve
1 55
Engine question
Blue Star Lawn Care
Yesterday 09:47 PM
Today 02:09 PM
by Steve
1 44
Covering a landscape...
Dan Tanner
03-29-2015 09:01 AM
Today 02:00 PM
by Steve
6 155
Dethatching attachments
jcurr33
03-29-2015 08:56 PM
Today 01:50 PM
by Steve
3 100
Tree Service
Yard Elements
09-10-2011 08:19 PM
Today 01:39 PM
by Steve
25 8,619
Hydro oil
googus
Yesterday 06:45 AM
Today 05:42 AM
by mac83
3 77
35,000 Eddm
greenscaper123
03-18-2015 12:51 PM
Yesterday 10:51 PM
by SC93
22 635
Employee job training...
brookline
12-15-2014 07:15 PM
Yesterday 07:39 PM
by SGL1
30 2,474
Finally got a warehouse
avetslawncare
03-12-2015 07:52 PM
Yesterday 07:36 PM
by SGL1
16 616
Ferris FW35 questions
Chilehead
03-10-2015 08:31 PM
Yesterday 07:08 PM
by Dan Tanner
7 444
Bid for large home...
lxarth
03-22-2015 11:06 AM
Yesterday 07:03 PM
by avetslawncare
11 434
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
Yesterday 02:07 PM
by Steve
4 448
Trepidation about...
michellemarvin
03-23-2015 07:46 PM
Yesterday 01:40 PM
by Steve
3 213
I lost a long term...
Sprinkler Buddy
09-04-2011 02:24 PM
Yesterday 01:36 PM
by Steve
16 3,509
bidding a cemetery....
NPM_LLC
03-28-2015 10:56 AM
03-29-2015 01:18 PM
by jrs.landscaping
5 165
Weed and Feed
robkattankate
03-19-2015 09:00 PM
03-29-2015 08:42 AM
by Dan Tanner
5 634
Mower vs lot size advice
jcurr33
03-25-2015 09:29 PM
03-28-2015 08:37 AM
by Dan Tanner
5 221
hoa bid need help
bigdaveha12
03-24-2015 08:29 PM
03-27-2015 11:17 PM
by lxarth
6 296
introducing myself
chris2500hd
03-24-2015 11:16 AM
03-27-2015 02:02 PM
by Steve
8 266
Flag or no flag
Matther777
03-24-2015 02:41 PM
03-27-2015 12:25 PM
by biglee
10 370
Office Administration...
Girlfriend
03-26-2015 05:40 PM
03-26-2015 05:40 PM
by Girlfriend
0 839
Is this tree beyond help?
SGL1
03-22-2015 05:35 PM
03-25-2015 08:55 PM
by SGL1
14 1,259
Opinions on truck wrap
Trupro
02-28-2015 03:21 PM
03-25-2015 07:54 PM
by Trupro
33 1,639
The New Wave!!!! Read...
Jamesw86
03-22-2015 08:33 PM
03-25-2015 02:50 PM
by Steve
10 355
grass in the gas tank
robkattankate
03-23-2015 04:37 PM
03-25-2015 02:36 PM
by Steve
5 233
Helping others
hansenslawncare
09-15-2011 08:50 PM
03-25-2015 02:33 PM
by Steve
11 2,702
DOT Number
acrajchel
03-20-2015 05:56 PM
03-25-2015 02:28 PM
by Steve
7 575
Michelin x tweel.
apmAkron
03-23-2015 04:22 PM
03-24-2015 12:40 PM
by Steve
3 157
spike aerator???
Bradcook21
03-21-2015 01:55 PM
03-24-2015 10:32 AM
by acrajchel
4 258
Hello from Maryland
michellemarvin
03-23-2015 12:44 PM
03-23-2015 07:33 PM
by michellemarvin
2 172
hello from south GA.
CCandALawnCare
03-23-2015 03:46 AM
03-23-2015 07:06 PM
by CCandALawnCare
2 153
Say Hello !!!
Steve
03-19-2007 11:18 AM
03-23-2015 06:14 PM
by jethro
1,218 380,617
Is anyone doing mosquito...
BWild
01-27-2015 11:30 AM
03-23-2015 12:28 PM
by Steve
9 896
Should i take on this...
christw
03-17-2013 01:23 PM
03-22-2015 09:02 PM
by ExtremeLawncareServices
36 7,629
mower stalls when...
boog
03-19-2015 08:20 AM
03-21-2015 08:13 PM
by Wolf4dk
7 298
Hello Emily Reyes from...
Webster14829
03-20-2015 11:23 AM
03-20-2015 03:36 PM
by Steve
2 204
Finally going to give it...
jcurr33
03-12-2015 08:09 PM
03-20-2015 03:31 PM
by Steve
10 592
Weed id?
SGL1
03-17-2015 08:20 PM
03-20-2015 02:37 PM
by Steve
6 311
Mobile small engine...
luckylogger
03-15-2015 02:05 PM
03-20-2015 06:17 AM
by jrs.landscaping
15 534
Brad Cook 21
SC93
03-16-2015 10:40 PM
03-19-2015 09:04 PM
by Bradcook21
4 513
honest opinion please
uppercut
02-17-2015 01:30 AM
03-18-2015 02:55 PM
by Steve
15 1,374
Repair or replace the...
lxarth
12-17-2014 04:07 PM
03-18-2015 02:49 PM
by Just for Cuts
21 2,060
» Popular Tags
ad landscaping aerocore apartment bid apartment lawn care estimate applying auger billy goat brushcutter blowout bob villa bush commercial contract help curb appeal services deliquentaccounts demonstration design ditches door hangers employee problems estimate facebook foreman google gravely growing a lawn care business hardscapes how to hydraulic jobs john deere quik trac landscape services lawn lawn aeration lawn care lawn care busines plan lawn care business seo lawn care business website lawn care business website seo lawn care website lawn care website seo lawn mowing managing a lawn care business marketing marketing secrets more customers business mulch new mower ordinance patio install per hour service scag v-ride scripts search engine optimization secrets to landscaping seo shreaded snow plowing sq ft starting a lawn care business steep lawns theft toro tractor auger trailer mate pro up sell employee web design website won't return wood wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 07:36 PM.


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

All times are GMT -5. The time now is 07:36 PM.

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