Archive for the 'Taxes' Category

Going legit with your lawn care service.

What makes a lawn care company legit? Many new business owners think about this and wonder about it to themselves. Do you need to be incorporated? Do you need to have an employer tax ID number? In this discussion from the Gopher Lawn Care Business Forum, we hear from one veteran of the industry talk [...]

Taxes and insurance issues with a home business.

Setting up a home office to run your landscaping business can be a very helpful step to facilitating growth, but what should you do when it comes to taxes and insurance? In this discussion from the Gopher Lawn Care Business Forum, we hear from a number of entrepreneurs who have gone through some traumatic experiences [...]

How did my first year in the lawn care business go?

Have you made it through your first year running your lawn care business? If so, how do you feel you did? That is what one entrepreneur was wondering when he asked for advice on the Gopher Lawn Care Business Forum. Interestingly enough, it wasn’t the job he was doing, or the amount of customer he [...]

That 5 evil letter word ‘Taxes’.

To become a successful entrepreneur, there is so much you need to learn about. Financial planning and taxes is an important part of it. Some new business owners tend to feel they need to spend everything they make by then end of the year to build there business while others feel it is important right [...]

Starting a lawn care business only for the summer?

Two students looking to start a summer mowing company are curious to find out more what steps to take to begin. It is amazing how much regulation is involved to simply try and get a small business going for a few months. In this discussion from the Gopher Lawn Care Business Forum, one veteran shares [...]

Incorporating my lawn care business and how to pay myself.

When you are running a basic sole proprietor business, it is pretty easy how to pay yourself. Basically anything left in your bank account after expenses and taxes is yours to do what you want with. If at a point you decide you want to incorporate your lawn care business, how do you then pay [...]

First steps to lawn care business legitimacy.

Starting anything from scratch can be difficult because you don’t know the intricacies of the interest you are exploring. Getting a business going is no different. In this discussion from the Gopher Lawn Care Business Forum, we hear from one entrepreneur about the steps he took to get his mowing business up and running. Sure [...]

The Lawn Care Business Can Get Dirty, Ugly, And Mean.: Stories Of Survival And Success To Get You Through The Rough Times.

The Lawn Care Business Can Get Dirty, Ugly, And Mean.: Stories Of Survival And Success To Get You Through The Rough Times.
Lawn Care Business Book.
When I first got my business started, I didn’t really know anyone who was an entrepreneur. I had no one I could bounce ideas off of or compare my [...]

How a lawn care business implodes.

We can learn a lot from a business that is doing great as we can from a business that is failing. In this story, shared on the Gopher Lawn Care Business Forum, we get an inside look at a company that is suffering a slow death. It’s quite amazing to look at from the outside, [...]

How to bid plant install work.

Trying to offer a lot of different services in your early years of being an entrepreneur can be rough. Sure it’s great to be open to make as much money as you can, but the down side is you won’t know how to bid all the jobs that come your way. This is the case [...]

How lawn care equipment costs effect what you need to charge to mow.

Overhead and operational costs are rarely considered when a new lawn care business owner is trying to figure out how much to charge to mow a lawn. But whether they are factored into a bid price or not, they still play a huge role in a job being profitable or a loss. Let’s check out [...]

Start up lawn care business tax questions.

An important step you should take when getting your lawn care business started your first year is keep track of all your receipts, income, and expenses. Doing so will help you tremendously. All of this information will make the entire tax reporting process a lot easier. The next step you will need to take is [...]

Lawn care business advice from an accountant.

Bookkeeping is not something that seems to be an easy concept to grasp for most new lawn care business owners. Sure everyone understands they need to make a profit but how do you figure that out? How do you know from day to day if you are making money or losing it? Trying to keep [...]

Should the small lawn care business owners pay taxes?

I am sure there are quite a few new start up lawn care business owners who just don’t want to concern themselves with any extraneous issues other than mowing lawns and collecting their money. When it comes to being licensed, insured, and complying with tax laws, some business owners just don’t feel those rules, regulations, [...]

How much should I be paying my lawn care employees?

When it comes to figuring out how much you should pay your lawn care employees, there is a sweet spot. Pay too much and you are going to lose money on each lawn mowing you perform. Pay too little and either you won’t attract any applicants or you will attract the wrong kind of applicant. [...]

Lawn care licensing and insurance questions.

When starting out, should I get a business license? That is a question many new lawn care business owners ponder as they get started. It seems easy enough not to have any licenses or insurance but there are many downsides to going that route as we will see here from this discussion on the Gopher [...]

Knowing the difference between gross income and net income.

Having a plan before you start your business is a great idea because it gets you thinking. It makes you realize you have expenses and you need to make a certain amount of money per hour to cover those expenses. Without having some kind of financial goal to hit, you can very easily underbid jobs [...]

Three simple steps to increase your profits.

There are three simple steps you can take to improve the profitability of your lawn care business. They don’t require you to go out and spend more money on marketing or buy expensive new mowing equipment. As we will see from this discussion on the Gopher Lawn Care Business Forum, a few internal tweaks on [...]

Where should my lawn care business money be going?

Money management is a skill so many of us lack. It is especially difficult to manage your money in the first few years of starting your business because of the wide range of unknown variables. But if you are trying to come up with a money management process to keep your household and business running [...]

$10 a Lawn and making a profit?

In general, it seems the first way a new lawn care business owner comes up with to stand out from their competitors is to charge a lower fee for mowing. I think a lot of it has to do with the fact that when you are new, you don’t know much about the business so [...]

What your lawn care business needs to know about sales tax.

Taxes. We all hate them but we have to make sure we comply with the rules of the game if we want to be a part of the system. Most new lawn care business owners are aware they will need to pay income tax on their earnings but quite a few don’t realize they also [...]

Lawn care business tax tips, is this a business expense?

Trying to calculate your tax burden at the end of the year can be daunting. It can get worse when you fail to budget in your quarterly estimated tax payments. There are so many intricacies in the tax code, it can make you want to pull your hair out. Here are a few tips, from [...]

How to make more money with your lawn care business.

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Learn how to make more money with your lawn [...]

How you may be getting paid and still losing money.

A big mistake new lawn care business owners make early on is not knowing what their hourly operating costs are. You need to know this figure to accurately bid jobs and make a profit on each and every job. To calculate this figure, you need to add up all your operating costs for the year [...]

Taxes and credit card processing fee issues.

The amount of regulations and requirements a new lawn care business owner needs to comply with seems to grow by leaps and bounds each and every year. As we will see from this discussion on the Gopher Lawn Care Business Forum, it’s a lot easier to get things right early on than it is to [...]

Should I advertise $12.50 per lawn?

Creating a niche and trying to differentiate your lawn care business from others is a great thing to do. However at times, newer lawn care business owners feel they have fewer options to play with in their marketing, therefore they like to experiment with creating a low cost mowing niche. Trying to stand out and [...]

It is nothing like I expected it to be.

One quality every new business owner has in common with others, is that they bring themselves to the table when they are getting started. What I mean by that is, they bring all their good, their bad, and their ugly. If you want to have a good time with your business and grow, you will [...]

What should you do with your tax refund?

If you paid more taxes last year than you owed, you will be getting a refund. Sometimes it’s a little and sometimes it’s a lot. What should you do with this money? Is there anything you can do to help your lawn care business grow from it? That’s a question a member of the Gopher [...]

Lawn care business tax tips.

I want to say first off, I am not an accountant nor are any of the forum members who took part in this discussion. We are business owners, sharing with you some of our insight. If something here piques your curiousity, please bring the topic up with your accountant to learn more about it.
As tax [...]

Lawn care customers that don’t want to pay sales tax.

Sooner or later when you are running your lawn care business you are going to run into a new client who is going to want to haggle with you and tell you they don’t want to pay sales tax either. How should you deal with such a situation? Should you agree? Should you disagree? Should [...]