Posts Tagged business taxes

June 15, 2010 Quarterly Tax Payments

by: www.StartALawnCareBusiness.com

This is a quick heads up.

If you are running your own lawn care business, you need to remember that today (June 15, 2010) is quarterly tax payment day. If you have generated income this year with your landscaping business, you are likely required to make estimated tax payments throughout the year. Todayt is one of those tax payment days and your estimated quarterly payment must be postmarked before midnight tonight to comply with federal tax regulations.

Running your own grass cutting service is fun but as a small business owner you have to keep up with the paperwork that keeps your business legal.

This blog does not provide any professional tax advice. So, if you have questions about your particular business needs, please consult with a qualified tax professional.

For great information and business tools to help you start and operate your own successful lawn care business, look at the professionally produced business package on our main website at: www.StartALawnCareBusiness.com

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April 15, 2010 Tax Day for your Lawn Care Business

If you operate your own lawn care business, you’ve already realized that cutting grass is only part of your work day. Paperwork and administrative duties are constant chores for any lawn care business owner and the Mother of all paperwork days is upon us. If you are like many lawn care business owners, you are probably sweating the deadline of tax day.

“Do I have to depreciate this weedeater?”

“What’s the allowable deduction for milage on my work truck?”

“Where’s my receipt for those lawn mower blades I bought last spring?”

Tax questions are endless. If you are trying to do your taxes yourself and you’re up against the clock you might still be able to get your business taxes finished before midnight.

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April 15, 2010 is only a few days away. Prepare your Lawn Care Business taxes.

If you haven’t complete your lawn care business taxes yet, time is ticking away.

It’s not fun to think about but taxes are a necessity and the completion date is Thursday April 15, 2010. I am writing this blog posting today because you still have time to collect all your receipts, organize your expenses and revenue, and take the whole mess to your accountant. If you prefer to do your taxes yourself, you still have time to order tax software and spend this upcoming weekend completing your tax forms.

There is lots of free professional advice available online and through your local IRS office. We’re not CPA’s so we can’t offer professional advice but we can show you some of the software products we have used in the past. Maybe they will be helpful to you. I’ll post those links below.

Also, don’t forget, if you buy our Lawn Care Business guidebook and software package for your lawn care business, you might be able to deduct the amount of your purchase. Check with your accountant to make sure.

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Tax Day – January 15, 2010

This is a quick heads-up for all lawn care business owners that pay their taxes quarterly; today is January 15, 20010 and it’s time to make your last quarterly payment for the 2009 fiscal year.

If you’re unsure of your tax liabilities for 2009, pay a quick visit to your accountant today. You don’t want to be surprised on April 15 by paying too little today.

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Quarterly Tax Payments Due 6/15

If you are a small lawn care business owner who makes quarterly estimated tax payments, don’t forget that your payment should be postmarked no later than 6/15.

Make Estimated Quarterly Tax Payments On Time

Making appropriate estimated tax payments greatly reduces your chances of surprises when the fiscal end-of-year tax due date comes around.

Lawn care business owners (especially new business owners) are often surprised at tax time when they calculate how much tax is owed for the entire year. 

Making quarterly payments helps take the sting out of a huge bill at the end of the year. 

Quarterly tax payments has a few unintended beneficial consequence too:

1)  They force business owners to keep their books up-to-date.
2)  They help small business owners keep tabs on how well they are doing through the year.  If goals are not being met, business owners can step up their game.

Here is an IRS publication which explains quarterly estimated tax payments:

 http://www.irs.gov/publications/p505/ch02.html

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Lawn Care Business taxes make Springtime bittersweet.

As April approaches, mixed emotions fill the minds of many lawn care business owners.

On one hand, the weather warms and grass sprouts in all your customer’s lawns.  Your phone rings with new customers requesting your services and old customers want spring cleanup jobs performed on their lawns.  Nurseries receive their first deliveries of the season and your world is full of color.

On the other hand, April 15 approaches and you hear rumblings from your CPA how much you will have to pay on the dreaded day.

Anyone who has read our Lawn Care Business program for start-up and newer lawn care businesses knows that we believe the services of a CPA are properly recommended for all business people.  A competent CPA will keep you on the right path with proper filing proceedures for your business.

However, we also know that that money (and time) are tight in the world of a lawn care business owner.  Time slips away and sometimes the upfront fees requested by CPAs are too much when money is tight.  Before you know it, April 15 is a few days away, all CPAs are busy with their clients, and you don’t have any money to pay for their services anyway.

If you find yourself in the above situation, Lawn Care Business Tax Software may well be the next best step for you to take in completing your tax filing in a timely, convienient, and cost effective manner.

The link below takes you to an Amazon.com page where you can download the latest tax software directly to your computer.  In many instances you can complete your taxes and electronically file your paperwork in one session at your computer.

Business Tax Software

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