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, 09:19 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, 09:33 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, 12:27 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 35,779
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, 06:12 AM
stevef1201 stevef1201 is offline
Senior Member
 
Join Date: Apr 2010
Location: Central Florida
Posts: 969
Rep Power: 5
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, 08:28 AM
krzys666 krzys666 is offline
Member
 
Join Date: Dec 2011
Posts: 49
Rep Power: 3
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, 07:45 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 06:51 AM
Meet with Accountant tiedeman General Business Discussions 1 01-30-2007 07:09 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
New customers keep...
stevef1201
Yesterday 05:34 PM
Yesterday 09:54 PM
by BelleCityLawn1
3 70
Pushy customers
christopherhicks82
04-22-2014 08:22 PM
Yesterday 07:41 PM
by t-10yrs2retire
10 226
New Trailer
bobwill2009
04-23-2014 12:46 PM
Yesterday 01:34 PM
by B&B Lawn Services
4 108
Back for this year
xandrew245x
02-21-2014 04:30 PM
Yesterday 12:46 PM
by xandrew245x
20 1,044
Truck, Trailer,...
hawthornelawncare
12-23-2011 12:01 AM
Yesterday 12:39 PM
by Steve
80 25,401
Pond...
xandrew245x
04-22-2014 03:29 PM
Yesterday 12:23 PM
by Steve
5 126
Mangwi Landscaping
bondservojc13
04-23-2014 09:56 PM
Yesterday 12:22 PM
by Steve
2 84
Acerage Rake
acrajchel
04-23-2014 07:23 PM
Yesterday 12:17 PM
by Steve
1 55
2.5 acre mowing
xandrew245x
04-18-2014 06:55 AM
Yesterday 12:05 PM
by Steve
16 380
Advertising On...
JacobsLawnMowing
03-17-2014 03:21 PM
Yesterday 11:58 AM
by Steve
14 913
In a bit situation need...
googus
04-22-2014 08:01 AM
04-23-2014 10:03 PM
by googus
9 188
Any greenhouse operators...
GoGreenerKS
04-15-2014 11:21 AM
04-23-2014 12:37 PM
by Steve
7 228
The $20 Mow Job
Dan Tanner
04-21-2014 07:24 PM
04-23-2014 12:06 PM
by Steve
5 208
quickbooks users
CDLAWNCARE
04-20-2014 09:03 AM
04-23-2014 06:48 AM
by CDLAWNCARE
4 185
Looking for advice on a...
Tekeda1
04-13-2014 09:53 AM
04-22-2014 07:55 PM
by Just for Cuts
23 593
About D@## Time!
TamMik
04-02-2014 08:10 AM
04-22-2014 05:14 PM
by BelleCityLawn1
19 886
What Was Your Setup When...
superrman77
02-11-2014 10:53 AM
04-22-2014 12:29 AM
by Tony317
22 1,737
Sulky and Turf Tracer
acrajchel
04-07-2014 01:44 PM
04-22-2014 12:07 AM
by Tony317
9 451
danny 2
danny2
04-19-2014 10:19 PM
04-21-2014 12:25 PM
by Steve
3 141
this mower is driving me...
boog
04-17-2014 12:07 PM
04-21-2014 12:10 PM
by kslawn
13 378
What Fertilizer to Use?
acrajchel
04-07-2014 01:56 PM
04-21-2014 12:02 PM
by kslawn
20 624
I Got Taken...,
Dan Tanner
04-19-2014 06:26 AM
04-21-2014 11:49 AM
by Steve
4 235
new to this forum!
mower13126
04-18-2014 07:37 PM
04-21-2014 11:39 AM
by Steve
4 157
REO calling
Dan Tanner
04-16-2014 05:03 PM
04-21-2014 11:33 AM
by Steve
12 361
employee pay
4 seasons maintenance
04-10-2011 09:34 PM
04-20-2014 04:40 PM
by Dan Tanner
20 6,902
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
04-20-2014 11:13 AM
by ExtremeLawncareServices
32 1,229
Lawn Renovation
stevef1201
04-11-2014 12:00 PM
04-20-2014 11:11 AM
by kslawn
10 381
Customers droping like...
goodtimez
04-18-2014 09:53 AM
04-19-2014 08:09 AM
by CDLAWNCARE
7 240
Best Bulk Mulch delivery...
Steven Virgadamo
04-18-2014 09:52 AM
04-18-2014 05:34 PM
by Steve
2 107
Steve Virgadamo,...
Steven Virgadamo
04-18-2014 09:49 AM
04-18-2014 05:08 PM
by Steve
2 94
Instagram
Gerardo_Landscape
04-16-2014 11:28 AM
04-18-2014 04:51 PM
by Steve
3 201
Help with weed liability!
Prolawnofchatt
04-15-2014 09:10 AM
04-18-2014 04:47 PM
by Steve
5 262
Nationwide lawn care...
Billy Goat
04-15-2014 05:21 PM
04-18-2014 04:39 PM
by Steve
9 274
Truck Signage
Dan Tanner
04-16-2014 11:00 PM
04-18-2014 04:04 PM
by stevef1201
10 301
leaf removal
tlf59263
04-15-2014 10:00 PM
04-18-2014 03:59 PM
by stevef1201
6 250
Pay per click advertising
roostertail
02-12-2014 07:26 PM
04-17-2014 07:11 PM
by yardrate
10 648
Accepting credit cards,...
Darksteel
03-17-2014 08:01 PM
04-16-2014 01:02 PM
by jymie
15 818
Trimec
acrajchel
04-15-2014 08:24 PM
04-16-2014 11:10 AM
by Steve
3 154
Gopher Forum Discount!
BlackRain75
04-12-2014 10:44 PM
04-16-2014 10:50 AM
by Steve
9 355
hello
NFrailey
04-15-2014 01:39 PM
04-16-2014 10:48 AM
by Steve
1 145
Pricing a Mulch Job
dmcalpi
04-07-2014 02:16 PM
04-16-2014 09:40 AM
by jymie
21 801
google earth
CDLAWNCARE
04-12-2014 03:24 PM
04-16-2014 09:36 AM
by jymie
8 302
There has to be an...
CDLAWNCARE
04-14-2014 12:59 PM
04-15-2014 04:06 PM
by Dan Tanner
6 241
First Day Back!
BelleCityLawn1
04-09-2014 09:13 PM
04-15-2014 11:16 AM
by Steve
11 374
Mow America
stevegredler
04-13-2014 01:02 PM
04-14-2014 09:53 PM
by kslawn
5 283
Power Broom
acrajchel
04-14-2014 07:46 AM
04-14-2014 12:47 PM
by CDLAWNCARE
2 156
Say Hello !!!
Steve
03-19-2007 11:18 AM
04-14-2014 11:34 AM
by Steve
1,176 287,189
Equipment reviews
Greg'slawnandlandscape
04-09-2014 07:17 AM
04-14-2014 11:27 AM
by Greg'slawnandlandscape
13 539
Aerating Prices?
Dan Tanner
04-08-2014 03:16 PM
04-14-2014 10:31 AM
by Steve
13 549
Estimating help
acrajchel
04-11-2014 06:06 PM
04-14-2014 10:20 AM
by Steve
3 249
» Popular Tags
4wd ads article marketing butterfly gardens care charge craigslist credit card cultivation customers decorating echo exmark fall ferris financing florida flower bed cultivation price four wheel drive gopherhaul gravely gravely 34" zero turn health holiday how much to charge introduction kansas city labor cost lawn lawn care lawn care business lawn care business book lawn care business show leaf lighting marketing mechanic monthly mow mowing mowing clarksville mulch mulch price new and restored landscapes new buisness new business new start office management payment podcast property management company reo requests scag schedule selling seo sole proprietorship starting a business steve stihl subcontractor top dresser toro tree care turfgrass consulting upsell walker winter money making ideas yard clarksville
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 12:15 AM.


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

All times are GMT -5. The time now is 12:15 AM.

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