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Write-offs! Equipment We Purchased for Year-End Taxes 

Mike Andes
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28 сен 2024

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Комментарии : 129   
@carlosHernandez-xj2fy
@carlosHernandez-xj2fy 3 года назад
You’re always bringing nothing but facts to the table man. Respect to you and thank you for this content.
@spencer1803
@spencer1803 3 года назад
The simplest way to explain: reinvest your profits on more equipment or you will be paying taxes on the profits.
@rayeckert9425
@rayeckert9425 2 года назад
You can always sell good used equipment, especially the Stihl products.
@TheBenghaziRabbit
@TheBenghaziRabbit Год назад
Man I would take your old equipment anyday. Any potential a solo starter could hit you guys up for some trash equipment?
@marioslawnmower7263
@marioslawnmower7263 3 года назад
I have a lawn mower repair shop in socal we had a customer blow up the oem Kawasaki engine so we Honda swapped it came out pretty good I wish it was an oem option
@armandoveegara8863
@armandoveegara8863 3 года назад
Thanks Mike, stay warm.
@mikelooby8362
@mikelooby8362 3 года назад
No scythes
@grandifloralandscaping
@grandifloralandscaping 3 года назад
Great video. The ramp racks look super. We have a similar rack from a different vendor, we love it.
@ibenvanhaverbeke5071
@ibenvanhaverbeke5071 3 года назад
@mike andes what you do whit your ‘old’ machines?
@ARBOLISTAEdgarGarcia
@ARBOLISTAEdgarGarcia 3 года назад
Always giving lots of value sir, thank you!!!
@jesussarabia4587
@jesussarabia4587 3 года назад
One question do you sell them or what do you do with them
@mattsfirewoodvideos738
@mattsfirewoodvideos738 3 года назад
Always good information from this guy
@MikeAndes
@MikeAndes 3 года назад
I appreciate that!
@19993gt
@19993gt 3 года назад
Just subbed. Keep putting us up on game bro!
@phelpshero2454
@phelpshero2454 2 года назад
I want to live in the storage container
@ndn2589
@ndn2589 3 года назад
Or you can give you employees a nice Christmas bonus
@AdjustingCrowns
@AdjustingCrowns 3 года назад
So good as usual 🙏💥🔥
@Sargeantyardpros
@Sargeantyardpros 3 года назад
😮😮😮 I love seeing all this.
@diegocastaneda5102
@diegocastaneda5102 3 года назад
I actually loved the raw non edited part of the video hhaha
@MikeAndes
@MikeAndes 3 года назад
🤣
@kenlancto7582
@kenlancto7582 3 года назад
Was the jacket an end of the year right off too. Looks like it hasn’t been worn while working.... sorry, just being a wise ass.... it was a very good video.
@MikeAndes
@MikeAndes 3 года назад
🤣
@edwardperez4266
@edwardperez4266 3 года назад
😂equipment heaven😂
@justinvanmetre4358
@justinvanmetre4358 3 года назад
Why not donate to a starter companies, trying to get in the business.
@thomashammon9997
@thomashammon9997 2 года назад
Equipment heaven😂😂😂
@seanlowe4557
@seanlowe4557 3 года назад
Great video!
@kevinfairburn4917
@kevinfairburn4917 3 года назад
When is good to sell an asset such as a diesel truck when you are moving away from diesel trucks? This year or next???
@MikeAndes
@MikeAndes 3 года назад
If you are going to sell it this year, I would recommend having the replacement purchases (other gasoline trucks) ready to be bought. That way you don’t get a big tax on selling the diesels and the new purchases can use a Section 179 to offset the asset sale. Otherwise, just wait till after January 1 would be my recommendation
@Currency49495
@Currency49495 3 года назад
What is your opinion in a partnership? My business is still small, under $100k and I work full-time. I plan to rebrand in 2022, form the LLC, and start pushing more marketing. With my health issues, I'm better off trying to work my way out of the field work later on. The interested party in a U.S. Citizen and likes sending the colder months in his home country. He's a good person, but I don't see any pro's to having a partner as I feel it could go two ways. They could push me further than I'd ever expect to go with the business, or push me into selling later as I couldn't cover the 50% to buy them out if they so desired. Thank you.
@MikeAndes
@MikeAndes 3 года назад
Long story short, I’ve never been a big fan of partnerships. I have seen too many end poorly. There are some incredible partnerships but they are rare.
@davidtoranzo7611
@davidtoranzo7611 3 года назад
Mike Andes, UNCUT!
@chuckbailey6835
@chuckbailey6835 3 года назад
There used to be a gun shop by me called Bob's gun exchange he was a genius his business was registering as B.G.E Inc so guys could by there guns with there business
@emiliobriones5700
@emiliobriones5700 3 года назад
As a owner it’s all easy to just go out and buy random shit lol. I now just ask my workers what we need.
@MikeAndes
@MikeAndes 3 года назад
Exactly 😃👍🏻
@logansimpson305
@logansimpson305 3 года назад
Great video
@flat4314
@flat4314 3 года назад
Whats your thoughts on buying backup equipment? I have a backup for everything including truck and trailer but everthing I own is used except handheld equipment.
@MikeAndes
@MikeAndes 3 года назад
Definitely a good idea the bigger you become... and you can have cheaper trucks if you have a backup setup and equipment. I would rather have ten $12K trucks with a backup in case one went down.... than to have ten $50K brand new trucks with tons of debt but not needing the backup equipment
@HeadBroski
@HeadBroski 3 года назад
Do you ever give old equipment away to your employees?
@03_tahoe
@03_tahoe 3 года назад
You should at least sell them or something
@heccort3843
@heccort3843 3 года назад
Thise 30" mowers are crap...too heavy and with time you have to push it mire and more.
@macheneclothing
@macheneclothing 3 года назад
Can you tell me what brand pants you use for uniforms? Thanks.
@MikeAndes
@MikeAndes 3 года назад
Not sure. Just found “tactical pants” on Amazon 😃
@macheneclothing
@macheneclothing 3 года назад
@@MikeAndes Thanks, watching from the Caribbean island of Antigua and Barbuda. 365+ beaches. Be sure to visit us one day. Keep up the good work, Blessings.
@A-P.G.T.VLandscaping
@A-P.G.T.VLandscaping 3 года назад
Do you have an email I can ask you questions about
@MikeAndes
@MikeAndes 3 года назад
Best way to submit questions is join the texting platform... every few weeks I take questions and answer them 👍🏻 (info is in the description of the video)
@dunritelawnmaintenance7984
@dunritelawnmaintenance7984 3 года назад
Would you be interested in selling the equipment you get rid of ? I buy used and new but I work on equipment also the statement of hard to start on a cold morning after they get 4 seasons old is false I have a fs90r 7 years old still in service still starts on 2nd or 3rd pull on cold mornings and 1 or 2 times on hot days
@scanz7837
@scanz7837 3 года назад
Pay more money and get a good tax accountant!
@woods.water.123
@woods.water.123 3 года назад
Buy it with tax bill then sell for profit. Rinse and repeat.
@MikeAndes
@MikeAndes 3 года назад
You would still have to pay taxes on the profit... 🤔 did I read it wrong?
@woods.water.123
@woods.water.123 3 года назад
@@MikeAndes you didnt read it wrong i just left out detail. But yes you would have to pay taxes on the profit but you would still be making money and could do it again
@woods.water.123
@woods.water.123 3 года назад
Or if the equipment “breaks” or gets stolen but u really just sell them for cash and dont report it
@FishFind3000
@FishFind3000 3 года назад
I stead of tossing the used equipment just sell it. That or during the off season fix them up and give them a tune up and get another season out of it.
@Heavychevy0402
@Heavychevy0402 3 года назад
Hey man, I would pickup all your “junk” equipment. I’m not as fortunate to be so profitable just yet as I’m at that beginning stage of getting the wheels turning but it’s been fun I’ll never give it up… a backpack blower would help substantially and I wouldn’t mind yanking on it to get er running it’s not like I don’t have to do it now sometimes
@k-lo6170
@k-lo6170 3 года назад
Was thinking same thing lol
@sebastianavelar1882
@sebastianavelar1882 3 года назад
Don’t throw them away give them away
@JonsDailyHustle
@JonsDailyHustle 3 года назад
Gotta spend as much as you should. I'm a big one for not giving money to the government 🤷‍♂️🤣
@lambboy3566
@lambboy3566 3 года назад
Yo I love kombisystem. Instead of having 10 different tools with their own power head, having two power heads and having the option to pick between 10 different tools saves space and money
@rvadventures
@rvadventures 3 года назад
Best tax deductible item, raises,401k, education for employees, insurance for your guys/gals.
@defaultcamo4288
@defaultcamo4288 3 года назад
Also pay yourself threw dividends and give employees dividend payouts
@DayZcustomMods
@DayZcustomMods 3 года назад
About to inherit my fathers business this is the stuff I need to learn and know about. I want my guys to have insurance a 401 and good pay. Take care of your staff they take care of you
@TheLandscapingLifestyle
@TheLandscapingLifestyle 3 года назад
Yes. This is the info that gets us all to the next level. Thanks for sharing. Love those ramp racks too!
@zachsmith3097
@zachsmith3097 3 года назад
I would love to take that old equipment off your hands. Great video!
@nickwit21
@nickwit21 3 года назад
"Your not trying to evade your taxes" 💡 for the next video maybe! 😄
@vallanddess
@vallanddess 3 года назад
I will look into the ramp racks, they look good. I would like to try one setup. Unfortunately we have to catch a lot of grass in our market so I generally use dump trucks with trailers.
@vallanddess
@vallanddess 3 года назад
@@MatthewSmith-uf6tr for you?
@normanortega3439
@normanortega3439 3 года назад
Yes very true but if your trying to minimize time spent from employees specifically entry level ones who can't really swang a trailer very well an your paying them this is a really good option but if your like solo I wouldn't recommend this
@unclejimmyray
@unclejimmyray 3 года назад
Great video. Kinda looking like a kid who got into his dad's closet and put on his coat, hat & gloves playing dress up...🤣🤣🤣
@MikeAndes
@MikeAndes 3 года назад
🤣🤣 when “Small” isn’t small enough 🤣🤣
@unclejimmyray
@unclejimmyray 3 года назад
I'm just jealous. 2XL life over here...lol!
@ericvidal440
@ericvidal440 3 года назад
Dont let this kid fool you , he is a lawncare care ninja , he will destroy the competition ,with no mercy
@unclejimmyray
@unclejimmyray 3 года назад
@@ericvidal440 you lost me at "ninja". But yes, I'm well aware of Mike's prowess. Its why I was watching in the first place. Lots of gems in each of his videos...
@uniquelandscaping249
@uniquelandscaping249 3 года назад
@@MikeAndes 🌟
@GrassCutterPinoyTV
@GrassCutterPinoyTV 3 года назад
Wooooow!👏👏👏 What an equipment, I saw a lot of lawn care equipment in RU-vid, But! You are the only one I saw you have a lot of tools and machine, Wooooow 👍👍👍
@kingco.lawncare1928
@kingco.lawncare1928 3 года назад
You: let’s record this somewhere else so we can cut it Editor: goes out of his way not to edit it out 😂
@MikeAndes
@MikeAndes 3 года назад
🤣🤣
@seizedlambgaming2889
@seizedlambgaming2889 3 года назад
@@MikeAndes how many trucks do you have?
@davidolson6832
@davidolson6832 3 года назад
"Because I'm a good little boy" hahahahahaha
@ArbitraryLifestyle
@ArbitraryLifestyle 3 года назад
Just a heads up, the 111R and 131R weigh the exact same @ 9.7lbs.
@PoNiCoN
@PoNiCoN 2 года назад
And just a small/big tip about 2/4 stroke trimmers... Buy Stihl FS120R, which ones are 2 stroke and will last way more than all 4 stroke 111, 131....
@jtmcfarland3512
@jtmcfarland3512 13 дней назад
It's insane how much costs have increased. $3000 retail and $2.2k discounted only 3 years ago. Now they're $4100 retail. Just ridiculous! I could get an entire trailer for that price!
@michaelperry4398
@michaelperry4398 Год назад
I think it's about 40 perfect savings, so you buy a new truck, it's like getting 40 percent off the truck,( money you would have given to Uncle Sam) still gotta have the other 60 percent though and the need, good video
@kingco.lawncare1928
@kingco.lawncare1928 3 года назад
Super high energy in this one lol
@nicksheehan.landscaping473
@nicksheehan.landscaping473 3 года назад
Great vid. Ever have a yard sale? Asking for a buddy....lol
@HeyCoalCat
@HeyCoalCat Месяц назад
Sounds like you need to adjust the valves on your Stihl kombi
@mattbrigner4815
@mattbrigner4815 2 года назад
Did Kohler pay you to say that...😂 I'm teasing
@24BLUEELMO
@24BLUEELMO 3 года назад
I'll take your equipment throwouts
@willieslawncareservice.8436
@willieslawncareservice.8436 3 года назад
What's up, you are a smart Young man Keep it up.👍👍👍
@19993gt
@19993gt 3 года назад
Y’all more about write offs bro!
@Alex_Cevi
@Alex_Cevi 3 года назад
Great quality video!
@brookecraig9661
@brookecraig9661 3 года назад
You really inspired me
@RavensHardCore
@RavensHardCore 3 года назад
Awesome tips! Thank you!!
@victorflores429
@victorflores429 3 года назад
Very informative!
@19993gt
@19993gt 3 года назад
WHAT IS P FOR P? Productivity for payment?
@erickbratt9804
@erickbratt9804 3 года назад
Pay for performance
@dsyardcare2831
@dsyardcare2831 2 года назад
Awesome
@christopherweaver2346
@christopherweaver2346 3 года назад
Excellent 😎
@LuisEnriqueRubioChavez
@LuisEnriqueRubioChavez 3 года назад
Parking break? Mine doesn’t have one. Why?
@MikeAndes
@MikeAndes 3 года назад
If you are on slope, I guess...
@cleancutslawncare
@cleancutslawncare 2 года назад
Got it. As long as I’m profitable, buy relevant equipment at end of year to avoid giving the damn government my hard earned money. Absolutely. Yes. Yes I will.
@MilitaryLawnCutsLandscaping
@MilitaryLawnCutsLandscaping 3 года назад
What size trucks are you using with the ramp racks and have you found any issues with having too much weight in the bed?
@RanGer-498
@RanGer-498 3 года назад
Are the trucks 4 x 4 or just rear wheel drive?
@MikeAndes
@MikeAndes 3 года назад
We got a couple of both
@Cardinalfloors
@Cardinalfloors 3 года назад
Always buy some write offs for the receipt then I literally sell or return them 😂
@MikeAndes
@MikeAndes 3 года назад
Be careful. An auditor won’t like that 😉
@Cardinalfloors
@Cardinalfloors 3 года назад
@@MikeAndes hahahahahaha it was all a big joke! 😂😂 😉
@MikeAndes
@MikeAndes 3 года назад
😂😂 u got me. Thank goodness! Someone else in the comments a week ago said the same thing and I don’t want anyone trying that. 🤦‍♂️🤦‍♂️
@jrtransportation7855
@jrtransportation7855 3 года назад
I Would Love Some Of Your Throw Outs To Help Me Grow If That's Ever A Consideration
@danielhettema5845
@danielhettema5845 2 года назад
To be a corporation would I be required to have employees other than myself?
@AztecDread
@AztecDread 2 года назад
Can you write off items with only a EIN number? Or do I need an LLC?
@jorgevlogs2884
@jorgevlogs2884 3 года назад
I want to know what to do it’s located so I can buy some things off of him
@richardfittzwelllll231
@richardfittzwelllll231 3 года назад
With that being said are you a LLC or s corporation?
@MikeAndes
@MikeAndes 3 года назад
S Corp
@richardfittzwelllll231
@richardfittzwelllll231 3 года назад
@@itzguccigame8725 Thanks for the info... I will be looking into this more. We need more educated comments like yours in these replies. Thank you have a great day!
@davidjohnston8954
@davidjohnston8954 3 года назад
i need it all first so now what i do with nothing yet
@rontopping2048
@rontopping2048 3 года назад
Should of invested in new garage
@tomjennings8445
@tomjennings8445 3 года назад
You’re kind of cute
@josiahhott4395
@josiahhott4395 3 года назад
Nice video. I don’t know if you know but I believe someone hacked into your account in the last video I watched I got all these weird replies. Thanks 🙏
@MikeAndes
@MikeAndes 3 года назад
I am sorry. S account wasn’t hacked. Someone made an account with same name and picture and started marketing their Bitcoin garbage
@josiahhott4395
@josiahhott4395 3 года назад
@@MikeAndes got it, thanks for the reply!
@19993gt
@19993gt 3 года назад
Keep talking G!
@Robbielee46
@Robbielee46 2 года назад
hello, I have a question all videos I see based in America you guys all use a truck with racking, yet here in the UK we use vans or our tools would go for walks. any reason why trucks are preferred?
@MikeAndes
@MikeAndes 2 года назад
Vans are just more common in Europe. We also specifically have to remove clippings when mowing
@Robbielee46
@Robbielee46 2 года назад
@@MikeAndes thanks Mike, good info, and great videos.
@kennethalynn
@kennethalynn 3 года назад
Have you considered the Ferris fw15? 10hp Honda hydro self-propelled
@busybeelawnservice4492
@busybeelawnservice4492 3 года назад
We have to bag wet grass in the PNW. Don't think the Ferris would be a good fit.
@MikeAndes
@MikeAndes 3 года назад
We also don’t have a Ferris dealer nearby
@LuisEnriqueRubioChavez
@LuisEnriqueRubioChavez 3 года назад
Stihl seems to be the top brand but I just can’t buy . The blowers and weadeaters look ugly so I’ve decided to just stick with echo x series brand
@juanflores42
@juanflores42 3 года назад
Negative
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