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 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 74
Posts: 4,475
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: 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: 7
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 offline
Administrator
 
Join Date: May 2003
Posts: 37,246
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
Get Help
JohnMartin
Today 04:14 AM
Today 04:14 AM
by JohnMartin
0 11
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
Yesterday 09:46 PM
by ExtremeLawncareServices
61 5,337
Correct me if I'm wrong...
SGL1
Yesterday 02:41 PM
Yesterday 09:16 PM
by SGL1
3 60
Lawn Care Service in...
Friscobob
04-24-2015 03:33 PM
Yesterday 06:37 PM
by Friscobob
3 120
Buying contracts /...
greenscaper123
Yesterday 04:46 PM
Yesterday 04:46 PM
by greenscaper123
0 40
what's the big deal...
Tony317
04-25-2015 02:19 PM
Yesterday 12:08 PM
by SGL1
2 96
New company in Michigan
SEM
04-24-2015 09:27 PM
Yesterday 05:18 AM
by Sprinkler Buddy
3 98
Total yard rehab
SGL1
04-23-2015 03:59 PM
04-25-2015 08:25 PM
by SGL1
7 183
mowing pic
joshlawncare
04-25-2015 12:34 PM
04-25-2015 08:09 PM
by avetslawncare
1 82
Big (to me) mulch job
tl757
04-23-2015 05:32 PM
04-25-2015 08:01 PM
by avetslawncare
7 200
Newb Question - Multiple...
DependiLawn
04-24-2015 11:36 PM
04-24-2015 11:36 PM
by DependiLawn
0 71
maintandlawndispatch...
SGL1
04-21-2015 03:31 PM
04-24-2015 04:42 PM
by Steve
9 239
Thoughts on Undocumented...
element009
09-25-2011 11:08 AM
04-23-2015 09:32 PM
by Chilehead
56 15,536
Hello Everyone
DesignsByBnC
04-22-2015 04:07 PM
04-23-2015 02:19 PM
by DesignsByBnC
2 123
The upcoming rainy...
5StarLawnscaping
04-21-2015 01:22 PM
04-23-2015 12:54 PM
by Steve
7 218
color fliers?
holymoly
04-18-2015 02:32 PM
04-23-2015 12:50 PM
by Steve
12 387
I'm Back With The Best...
aduttonater
02-21-2015 12:41 AM
04-22-2015 07:04 PM
by Just for Cuts
59 2,578
WARNING! Especially to...
SC93
04-19-2015 12:05 PM
04-22-2015 01:39 PM
by Steve
14 448
Could be great news for...
SC93
04-14-2015 11:06 PM
04-22-2015 01:28 PM
by Steve
15 529
quick pic
joshlawncare
04-14-2015 07:49 PM
04-21-2015 05:01 PM
by joshlawncare
4 363
Got Inspected today
swstout
08-09-2010 10:31 PM
04-21-2015 03:53 PM
by SGL1
10 4,020
Smoked my first belt!
SGL1
04-20-2015 08:46 PM
04-21-2015 03:28 PM
by SGL1
4 191
Pictures of commercial...
avetslawncare
04-01-2015 09:47 PM
04-21-2015 12:47 PM
by Steve
25 1,037
lawn care business...
holymoly
04-18-2015 02:56 PM
04-21-2015 06:18 AM
by holymoly
3 275
landscape insurance
clarkslawn
03-30-2015 10:14 PM
04-20-2015 10:02 PM
by SGL1
4 499
Poll & Discussion...
CHEESE2009
09-16-2011 06:16 PM
04-20-2015 08:20 PM
by avetslawncare
27 5,697
weed
avetslawncare
04-16-2015 07:56 PM
04-20-2015 01:08 PM
by Steve
4 280
Aerating / Dethaching...
Hard-Body lawn & garden
04-12-2015 07:53 PM
04-19-2015 08:49 PM
by Chilehead
17 623
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
04-19-2015 09:21 AM
by KJ90
8 1,038
bidding a cemetery....
NPM_LLC
03-28-2015 10:56 AM
04-19-2015 05:26 AM
by RSE
22 1,054
Hustler Raptor
SGL1
04-13-2015 09:27 PM
04-18-2015 07:53 AM
by SGL1
15 540
is craiglist good to...
JBENI
04-16-2015 11:11 AM
04-17-2015 10:25 PM
by Wolf4dk
11 452
Am I missing something...
googus
04-11-2015 06:33 PM
04-17-2015 08:01 PM
by avetslawncare
10 560
Hello
sonny54
04-16-2015 09:49 PM
04-17-2015 03:10 PM
by Steve
1 221
Unreal
Chilehead
04-09-2015 09:12 PM
04-17-2015 08:27 AM
by Chilehead
11 600
starting a lawn care...
JBENI
04-14-2015 09:03 AM
04-17-2015 08:03 AM
by JBENI
14 589
Finally got a warehouse
avetslawncare
03-12-2015 07:52 PM
04-16-2015 07:52 PM
by avetslawncare
23 1,398
New 14 x 7 Enclosed...
whitepropertydetail
04-15-2015 06:46 PM
04-16-2015 03:40 PM
by Steve
1 281
older used dump trucks
SECTLANDSCAPING
09-22-2011 12:33 AM
04-16-2015 12:41 PM
by biglee
21 8,080
Tax Poll
Steve
04-15-2015 02:13 PM
04-15-2015 02:13 PM
by Steve
0 258
lawn care by Aj
aj10261984
04-14-2015 06:50 PM
04-15-2015 01:43 PM
by Steve
2 303
Contact last years...
googus
01-28-2015 08:13 AM
04-15-2015 12:54 PM
by SC93
7 1,299
trying to sign up for...
JBENI
04-14-2015 10:20 AM
04-14-2015 12:11 PM
by Steve
1 842
Charging customers for...
Hard-Body lawn & garden
04-14-2015 07:34 AM
04-14-2015 10:35 AM
by Steve
1 340
New member
Jdlandscaping,LLC
04-11-2015 03:24 PM
04-14-2015 05:45 AM
by Jdlandscaping,LLC
2 363
hello
oasis_greenscapes
04-01-2015 06:18 PM
04-13-2015 12:03 PM
by Steve
8 596
New Member
Greenturion
04-11-2015 02:00 PM
04-13-2015 11:59 AM
by Steve
1 320
Client with...
OldSalt
04-07-2015 09:47 PM
04-13-2015 11:57 AM
by Steve
8 547
Getting rid of "mulched...
Mr. Mow
04-12-2015 04:21 PM
04-13-2015 11:26 AM
by biglee
3 360
String trim BEFORE mow...
Mr. Mow
04-12-2015 08:13 AM
04-13-2015 11:11 AM
by biglee
7 474
» Popular Tags
apartment complex auger bark billy goat brushcutter blades blowout bob villa collections commercial demonstration design edging employee problems equipment rental ferris flyers foreman free advertising grass growing a lawn care business hardscapes hills hiring husqvarna hydraulic john deere quik trac landscape landscape services landscaping training lawn aeration lawn care lawn care business seo lawn care business website lawn care business website seo lawn care seo lawn care website marketing more customers business mr dave new business ordinance past due patio install per hour charge pricing profit on employee pto push versus ride running a business scag v-ride scripts search engine optimization secrets to landscaping sell the vision seo shell small engine repair square foot sulky toro grand stand trailer tree trimmer rack truck new used landscape up sell employee web design website website design winterization won't return
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 05:06 AM.


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

All times are GMT -5. The time now is 05:06 AM.

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