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 > Lawn Care, Landscaping, and Property Management Forums > General Talk

General Talk If it doesn't fit anywhere else, post it here.

Need a new accountant


General Talk

If it doesn't fit anywhere else, post it here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 08-01-2012, 10:19 PM
SECTLANDSCAPING SECTLANDSCAPING is offline
new member
 
Join Date: Jul 2009
Location: CT
Posts: 1,912
Rep Power: 0
SECTLANDSCAPING is on a distinguished road
Default Need a new accountant

This isnt about politics at all. I just would love to know how someone can pull this off legally? I deduct everything. I mean everything I can think of and cant deduct half my income.

http://www.freewoodpost.com/2012/07/...y-tax-returns/
Quote:
He earned $23,425,316 and paid $412.18 in federal income taxes. This calculates to a federal tax rate of 0.0018%. How did Romney get his tax burden so low? According to his return, he had approximately $23,407,000 in itemized deductions.
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 08-01-2012, 10:33 PM
willshome willshome is offline
new member
 
Join Date: Jan 2012
Location: Mass
Posts: 865
Rep Power: 0
willshome is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Quote:
Originally Posted by SECTLANDSCAPING View Post
just would love to know how someone can pull this off legally?
If your rich you can do anything you want
not pay taxes, murder.....
Reply With Quote
  #3  
Old 08-02-2012, 01:27 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,840
Rep Power: 10
Steve has disabled reputation
Default

I'd love to see more specifics on what he did. It's very fascinating how creative tax preparers can get.
__________________
- 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 08-06-2012, 07:12 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

First of all he had a very good accountant and tax lawyer. You can take a deduction for things like-your kids. Yes ou can pay your children for things like cleaning your machines, restringing you weedeater, etc. and take that as a tax deduction. I think (no I a not real sure) you can pay them up to 1000 dollars a year without them having to pay income taxes, and you dont have to pay matching soc sec taxes. So if you have two or three kids there is antoher 2-3 K deduction. You just hae to know what the tax laws are and how to get around them.

You could also deduct all expenses related to building your business, ie- a party in which you invite several people, and spend some time discussing business.

Want great tax deductions, GET A LAWYER.
Reply With Quote
  #5  
Old 08-06-2012, 09:28 AM
krzys666 krzys666 is offline
Member
 
Join Date: Dec 2011
Posts: 49
Rep Power: 4
krzys666 is on a distinguished road
Default

first off my dad is in real estate, with about 250-300 rental houses.
he has 2 full time cpa accountant working for him and me part time.
you can deduct or depreciate just about everything
go out to dinner with someone and talk about tomorrows business, lunch for you and some/all your guys, drinks depreciation on the truck, gas usage, repairs, on trucks and machines, storage space for machines, parking spaces, electricity usage, your marketing, your office supplies, your wife's new Mercedes.

its all about knowing what you can claim it as. for example if you lease a new convertible Mercedes do it in the business name. it is tax deductible including the gas, then when you buy it at the end of the lease, it will deprecate for 5 years, and then after that you can still get about 50 cents a mile driven. no matter who drives(could be your wife).

its all about getting a cpa that will work for you. you can recognize them right away if they will work for you. they do not come cheap.
Reply With Quote
  #6  
Old 08-06-2012, 08:45 PM
dpld dpld is offline
new member
 
Join Date: Jan 2012
Location: nj
Posts: 885
Rep Power: 0
dpld is on a distinguished road
Default

Quote:
Originally Posted by SECTLANDSCAPING View Post
This isnt about politics at all. I just would love to know how someone can pull this off legally? I deduct everything. I mean everything I can think of and cant deduct half my income.

http://www.freewoodpost.com/2012/07/...y-tax-returns/

that story is not real, it is full of crap.
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
Accountant/Sales Tax element009 General Talk 9 04-02-2011 07:51 AM
Meet with Accountant tiedeman General Business Discussions 1 01-30-2007 08:09 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Lawn Mowing -...
ringahding1
Today 07:05 AM
Today 07:05 AM
by ringahding1
0 1
Thanks for all the posts
WheatGrass
Today 06:38 AM
Today 06:38 AM
by WheatGrass
0 6
adding something new...
veteranslawncaresystems
01-28-2015 12:13 AM
Today 06:33 AM
by ringahding1
5 146
Just Quit?
ringahding1
Today 06:23 AM
Today 06:23 AM
by ringahding1
0 12
hows it going.
uppercut
Today 05:01 AM
Today 05:58 AM
by Sprinkler Buddy
1 22
hows it going.
uppercut
Today 04:52 AM
Today 04:52 AM
by uppercut
0 9
whats this briggs?
uppercut
Today 12:40 AM
Today 12:40 AM
by uppercut
0 17
These are the days on...
ExtremeLawncareServices
01-11-2015 11:41 AM
Yesterday 10:54 PM
by ExtremeLawncareServices
12 654
viking cyclon.
uppercut
Yesterday 09:12 PM
Yesterday 09:12 PM
by uppercut
0 29
Crunch time 2015!
Chilehead
Yesterday 08:57 PM
Yesterday 08:57 PM
by Chilehead
0 27
TaskEasy & Plowz & Mowz...
jrwalker333
01-25-2015 01:02 PM
Yesterday 08:14 PM
by lxarth
8 233
Landscapers from hell!!
Chilehead
Yesterday 03:55 PM
Yesterday 03:55 PM
by Chilehead
0 51
Contact last years...
googus
01-28-2015 09:13 AM
Yesterday 02:29 PM
by Steve
6 143
Looking for advice on...
berryjam
01-21-2015 07:37 PM
Yesterday 02:21 PM
by Steve
15 437
Government contracts
avetslawncare
11-15-2014 08:50 AM
Yesterday 02:10 PM
by Steve
8 829
New to the forum
LCRobert
01-26-2015 10:21 PM
Yesterday 09:11 AM
by ringahding1
7 198
What happened to Better...
Steve
01-27-2014 04:07 PM
01-28-2015 12:26 PM
by Steve
21 3,184
Lawn care truck
Steve
10-10-2009 03:40 AM
01-28-2015 12:23 PM
by Steve
44 16,059
Bidding to get other work
Rodriguez11
07-21-2011 11:52 PM
01-28-2015 12:08 PM
by Steve
29 9,445
How many contracts...
5StarLawnscaping
01-12-2015 03:51 PM
01-28-2015 11:04 AM
by ExtremeLawncareServices
10 584
"Part Timers", "Low...
doug1980
06-10-2009 12:55 PM
01-27-2015 09:01 PM
by jrs.landscaping
43 10,314
Is anyone doing mosquito...
BWild
01-27-2015 12:30 PM
01-27-2015 07:24 PM
by avetslawncare
4 128
New to group
ron@alpine
01-27-2015 08:45 AM
01-27-2015 01:29 PM
by Steve
1 95
please Help with none...
Lawnboyman1170
01-09-2015 09:46 AM
01-27-2015 01:27 PM
by Steve
13 647
does this sound good or...
Bradcook21
01-22-2015 09:24 AM
01-27-2015 07:42 AM
by ringahding1
9 327
second year advise
cmdlawncare
01-23-2015 06:22 PM
01-27-2015 07:31 AM
by ringahding1
6 284
need advise
rawssrob
02-23-2010 02:45 PM
01-23-2015 06:40 PM
by cmdlawncare
7 2,599
New to forum
ROB N
01-23-2015 08:35 AM
01-23-2015 01:53 PM
by Steve
1 160
Extending the life of...
rmccutchan
01-17-2015 12:37 AM
01-23-2015 01:43 PM
by Steve
8 405
osceola lawn service
jasa@wildblue.net
01-22-2015 03:23 PM
01-23-2015 01:38 PM
by Steve
1 170
Tax Question
Wolf4dk
01-20-2015 01:11 AM
01-22-2015 02:28 PM
by Steve
4 306
Billy Goat Vac
Mr. Mow
01-19-2015 07:42 AM
01-22-2015 02:18 PM
by Steve
6 296
Property Pricing
GVL
01-19-2015 02:46 PM
01-21-2015 02:18 PM
by Steve
5 353
Landscapers Source For...
breadcrumb
01-16-2015 02:44 PM
01-21-2015 05:55 AM
by breadcrumb
14 519
Hoa advice
Bradcook21
01-16-2015 09:36 PM
01-20-2015 04:30 PM
by Steve
4 331
My Invention
biglee
01-11-2015 07:51 PM
01-20-2015 10:16 AM
by biglee
16 674
How to beat the pre pay...
stansg1fresh
01-13-2015 04:33 PM
01-19-2015 03:38 PM
by ringahding1
3 407
Hello from Md
homey
12-17-2014 06:55 PM
01-19-2015 01:37 PM
by Steve
12 1,198
Hi from Illinois
burtle
01-02-2015 09:46 PM
01-19-2015 01:22 PM
by Steve
3 574
Hello from SW FL!!
5StarLawnscaping
12-05-2014 02:35 PM
01-19-2015 01:20 PM
by Steve
14 1,510
Lost my @#$ blower
stevef1201
01-11-2015 08:31 AM
01-17-2015 02:21 PM
by lxarth
2 435
Another Illinoisan.....
barhopper
01-11-2015 05:38 PM
01-16-2015 04:29 PM
by Steve
10 491
marketing with pizza...
apmAkron
01-15-2015 09:57 AM
01-15-2015 06:29 PM
by Steve
4 314
CRM and Quickbooks?
5StarLawnscaping
01-15-2015 08:06 AM
01-15-2015 08:06 AM
by 5StarLawnscaping
0 244
New Member, Indiana Iraq...
Timbo
07-14-2011 09:44 AM
01-14-2015 06:14 PM
by Steve
10 3,840
check this box truck out!
BLAZIER-1991
01-07-2015 07:40 PM
01-13-2015 03:06 PM
by biglee
8 698
My community only ad...
googus
01-12-2015 09:55 AM
01-13-2015 02:44 PM
by Steve
5 380
12 Years in Business!
Chilehead
10-23-2014 09:07 AM
01-13-2015 09:37 AM
by Chilehead
18 1,875
use a small business...
BLAZIER-1991
12-25-2014 12:21 AM
01-12-2015 06:32 PM
by BLAZIER-1991
30 1,644
tips on creating a...
BLAZIER-1991
01-08-2015 07:22 PM
01-12-2015 06:19 PM
by BLAZIER-1991
4 519
» Popular Tags
2wd 4x4 aerocore apartment bid apartment lawn care estimate applying bob villa bush commercial deliquentaccounts demonstration ditches door hangers edging employee problems estimate four wheel drive google gopherhaul grass gravely hardscapes hills how to hydraulic jobs landscape landscape services lawn lawn aeration lawn care lawn care busines plan lawn care business lawn care business podcast 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 mowing lighting brass outdoor lights managing a lawn care business marketing mulch new mower ordinance past due patio install per hour service podcast profit on employee scag v-ride scripts search engine optimization seo shreaded snow plowing sq ft starting a lawn care business steep lawns theft toro tractor auger trailer mate pro truck new used landscape web design won't return wood wright stander rh
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 07:06 AM.


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

All times are GMT -5. The time now is 07:06 AM.

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