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.

Georgia Lawn Care Business Sales Tax Requirements


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 07-13-2012, 03:29 PM
DeMenkey DeMenkey is offline
Member
 
Join Date: Oct 2011
Posts: 72
Rep Power: 5
DeMenkey is on a distinguished road
Default Georgia Lawn Care Business Sales Tax Requirements

How much do you collect on the state and fed taxes from each person/job. And how much to I save in the bank to pay taxes at the end of the year. How does this work anyways? I live in White County, Georgia.
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 07-13-2012, 04:34 PM
WorkForMySelf WorkForMySelf is offline
new member
 
Join Date: Jan 2012
Posts: 210
Rep Power: 0
WorkForMySelf is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
No idea. I have spent almost every dollar on new equipment and am paying myself less than 20k for the year so I expect to pay almost no taxes. My accountant will give me the good news at the end of the year so in reality I have no idea lol. I know we get a tax break for opening a new business but have to make a certain amount of taxable profit or will lose our business license and become "hobbyist" lol wtf that means.
Reply With Quote
  #3  
Old 07-13-2012, 05:37 PM
LawnBoy0311 LawnBoy0311 is offline
new member
 
Join Date: Jun 2012
Location: East Coast
Posts: 1,169
Rep Power: 0
LawnBoy0311 is on a distinguished road
Default

collect cash. what the IRS don't see, the IRS don't know...


Obviously kidding.
Reply With Quote
  #4  
Old 07-16-2012, 11:58 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,948
Rep Power: 10
Steve has disabled reputation
Default

Quote:
How much do you collect on the state and fed taxes from each person/job. And how much to I save in the bank to pay taxes at the end of the year.
This will be based on a number of factors. But if you can estimate which tax bracket you will be in, you can estimate how much you need to save and then pay your estimated quarterly taxes.

You can look up the tax brackets though in your state and the federal government and get a better estimate.

Also remember you are not just going to pay state and federal income takes, you also have to pay self employment tax.
Quote:
"The self-employment tax in the United States is typically set at 15.30% which is roughly the equivalent of the combined contributions of the employee and employer under the FICA tax. The rate consists of two parts: 12.4% for social security and 2.9% for Medicare. "
I don't mean to scare you with all this, just make you aware. Will you be handling your accounting/taxes or will you have an accountant do it?
__________________
- 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
  #5  
Old 07-16-2012, 04:32 PM
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 75
Posts: 4,473
Rep Power: 0
CHEESE2009 is on a distinguished road
Default

Quote:
Originally Posted by LawnBoy0311 View Post
collect cash. what the IRS don't see, the IRS don't know...


Obviously kidding.





hehehe
Reply With Quote
  #6  
Old 07-17-2012, 08:01 AM
DeMenkey DeMenkey is offline
Member
 
Join Date: Oct 2011
Posts: 72
Rep Power: 5
DeMenkey is on a distinguished road
Default

I'm gonna do it this year than hire an accountant.
Reply With Quote
  #7  
Old 07-17-2012, 12:42 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,948
Rep Power: 10
Steve has disabled reputation
Default

Keep us posted on how it goes for you. I am sure you will do fine. The first year though is always an eye opening experience.
__________________
- 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
  #8  
Old 07-17-2012, 07:02 PM
Martywdx Martywdx is offline
Member
 
Join Date: Oct 2010
Location: Iowa
Age: 58
Posts: 94
Rep Power: 6
Martywdx is on a distinguished road
Default

In Iowa sale tax is collected on gross sales with lawn-care services, not net,except for snow removal. No sales tax need be collected for the state. go figure

Last edited by Martywdx; 07-17-2012 at 07:05 PM.
Reply With Quote
  #9  
Old 07-20-2012, 07:13 PM
branchoutshrub branchoutshrub is offline
Junior Member
 
Join Date: Mar 2012
Location: Woodbury, MN
Posts: 19
Rep Power: 5
branchoutshrub is on a distinguished road
Default

Hiring an accountant is the best way to go. I did it 3 years ago and its made life a lot easier. Granted he charges a bit for his services, but it makes taxes a little less stressful. I pay taxes quarterly to help ease the pain.
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
More time on the jobsite leads to more sales - GopherHaul 44 Lawn Care Business Show Steve Lawn Care Business Marketing - GopherHaul Forum News 0 10-09-2009 06:41 AM
Lawn care business sales lesson - GopherHaul Lawn Care Business Marketing Show Steve GopherHaul Lawn Care Business Show, Video, Book & Podcast Discussions. 0 07-30-2009 04:03 PM
Lawn care business sales lesson - GopherHaul Lawn Care Business Marketing Show Steve Lawn Care Business Marketing - GopherHaul Forum News 0 07-30-2009 04:01 PM
Lawn care customer sales funnel - GopherHaul 39 Lawn Care Business Marketing Show Steve Lawn Care Business Marketing - GopherHaul Forum News 0 06-23-2009 04:39 PM
Lawn care customer sales funnel - GopherHaul 39 Lawn Care Business Marketing Show Steve GopherHaul Lawn Care Business Show, Video, Book & Podcast Discussions. 0 06-23-2009 04:38 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
To mow weekly or Biweekly
WarriorLandscapingCAN
05-11-2016 04:09 PM
Yesterday 04:45 PM
by lawngawd7
9 297
Help a Brother Out -...
Hedgemaster
01-23-2012 04:19 PM
Yesterday 04:34 PM
by Crossett73
91 33,676
Hello from Alabama
pruzilla
05-25-2016 01:20 PM
Yesterday 08:14 AM
by pruzilla
2 48
Hello from Centreville!
Daveylawns
05-23-2016 09:04 AM
05-24-2016 04:08 PM
by Steve
1 66
Laying new grass, Sod...
WarriorLandscapingCAN
05-23-2016 10:07 AM
05-23-2016 08:41 PM
by Steve
1 53
I need some aeration...
rootytalbot
08-14-2015 12:32 PM
05-23-2016 09:06 AM
by Daveylawns
10 3,767
Prolin
rmccutchan
05-21-2016 04:53 PM
05-21-2016 06:36 PM
by rmccutchan
2 72
Upgraded to a new mower
Stevenor92
05-17-2016 08:17 PM
05-20-2016 07:08 PM
by Stevenor92
8 198
Intro
LaraRahmani
05-18-2016 02:54 PM
05-19-2016 02:43 PM
by Steve
2 107
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
05-18-2016 07:34 PM
by Stevenor92
4 178
New mower!!!!
Stevenor92
05-18-2016 03:46 AM
05-18-2016 06:39 PM
by Stevenor92
2 112
Say Hello !!!
Steve
03-19-2007 11:18 AM
05-18-2016 02:59 PM
by LaraRahmani
1,249 434,755
Stupid idea?
hopolb33
05-13-2016 11:25 AM
05-16-2016 11:22 AM
by Steve
1 152
Planting SKYBOUND CEDARS
FrankieeLawnz
05-13-2016 03:59 PM
05-16-2016 11:21 AM
by Steve
1 138
Edging Fad...
Tree geek
05-10-2016 11:29 PM
05-15-2016 11:12 PM
by Tree geek
2 183
Business Overload
Chilehead
05-06-2016 09:27 PM
05-13-2016 11:15 AM
by Steve
11 381
Hello from great state...
Cel1980
05-11-2016 09:00 AM
05-13-2016 11:07 AM
by Steve
2 154
Did this job free to...
JJand M Lawncare
05-02-2016 02:33 PM
05-11-2016 03:54 PM
by JJand M Lawncare
10 420
How to tell Cust. to...
GeeGood
04-09-2008 09:55 PM
05-09-2016 07:08 PM
by JJand M Lawncare
16 5,512
Echo SRM 230 trouble.
Jack Rabbit
05-08-2016 06:16 PM
05-08-2016 11:22 PM
by Just for Cuts
1 150
Toro ZTR Issues
rsanchez1203
05-06-2016 09:27 PM
05-07-2016 10:26 AM
by Steve
2 171
Correct way to quote a...
WarriorLandscapingCAN
05-02-2016 11:52 AM
05-03-2016 10:59 AM
by Steve
1 286
Having an issue with...
Mr. Mow
04-27-2016 03:58 PM
04-28-2016 05:04 AM
by Sprinkler Buddy
2 292
Hello From Virginia
JJand M Lawncare
04-25-2016 01:02 PM
04-27-2016 05:20 PM
by Steve
5 330
» Popular Tags
advertising become an entrepreneur best mower be your own boss break business education business help business management contractor hacks deck lift dethatcher edging entrepreneur entrepreneur education estimates free lawn care fuel problems fuel pump half moon blade hydro increase customers jjandm lawncare landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawncare lawn mowing lawnservice lowering grade marketing mulch new business planting plowing raising grade residential lawn care richmond va richmond virginia lawn care roundup safety scag snowblower snow plowing snow shovel solo solo backpack sprayer start a business start a lawn care business start business start up swzt toro timecutter tree tree pics tree service video walk behind what to charge work from home
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 06:33 AM.


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

All times are GMT -5. The time now is 06:33 AM.

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