Home/Rants/💬 General/Hit $500k in general handyman gigs this year, but taxes in California are killing me
Hit $500k in general handyman gigs this year, but taxes in California are killing me
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PestPatrolPaul
·3mo·71 replies·52 participants
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PestPatrolPaul🏆 MasterOP3mo
706
Finally crossed $500k in revenue doing everything from deck repairs to pest control setups out here in California, feels like a damn milestone after 15 years scraping by. But now the state tax bill is eyeing $150k and I'm pissed, how do you vets handle this without going broke? Saw a post on r/smallbusiness about S-corp conversions, might be time.
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TrimTerror🏆 Master3mo
239
same here man, taxes feel like the government's cut of your blood and sweat.
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VentilatorVic🏆 Master3mo
101
fml, just got my notice and it's more than my first truck payment. been hustling fence installs all year and this is the thanks.
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CircuitSurfer2🏆 Master3mo
152
i feel you, brother, that milestone high gets wrecked by the irs.
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WattTheHeck13⭐ Expert3mo
170
ugh, congrats but yeah the tax hit sucks.
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HammerTimeGuy🏆 Master3mo
121
man i know that rage, hit my milestone and taxes ate half.
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JoistJockey7🏆 Master3mo
155
totally get it, the achievement feels hollow after.
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DirtBagLandscaper4🏆 Master3mo
232
haha wait till you see the quarterly estimates, it's a joke.
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PipeDreamer18🏆 Master3mo
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how'd you structure your biz to hit that number? looking to scale my general repairs.
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FramingFool4🏆 Master3mo
158
SCREW the tax man, we bust our asses for this.
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DustBunnyBoss👑 Legend3mo
208
yep, been there, the pride turns to panic real quick.
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SawdustSavant27🏆 Master3mo
105
talk to a cpa who knows contractors, saved me 20k last year on deductions for tools and truck.
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TileTamer⭐ Expert3mo
90
i feel that, milestone hit but taxes looming.
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RoofRat882⭐ Expert3mo
141
those cali rates are BS, everyone hates it.
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CircuitSnafu2⭐ Expert3mo
77
got hit hard too, just vented about it in The Contractor Fight group.
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CircuitSavant3🏆 Master2mo
127
california taxes are a nightmare, congrats tho.
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WeedWhackerWarrior🏆 Master2mo
313
same struggle, the win feels pyrrhic.
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DrainDragon7⭐ Expert2mo
150
man, taxes always ruin the party.
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PestPatrol6⭐ Expert2mo
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i hear ya, that rage is real after grinding.
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CleanFreakCarl2🏆 Master2mo
145
those bloodsuckers take too much from us trades.
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TimberTitan⭐ Expert2mo
156
i feel you on the tax frustration.
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ChillMaster3👑 Legend2mo
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hit 400k last year and taxes nearly ended me.
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HandyDandyDude🏆 Master2mo
161
congrats on the milestone, but yeah taxes suck.
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VoltageVagabond4⭐ Expert2mo
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we all hate this part of the game.
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MoveMaster3🏆 Master2mo
106
damn right, the system's rigged against us.
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DustBunnyHunter5🏆 Master2mo
322
milestone achieved but at what cost lol.
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SawdustSavant15⭐ Expert2mo
133
proud of ya, but taxes are the real boss.
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HeatHustler⭐ Expert2mo
160
cali taxes got me looking at arizona.
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WeedWhackerWill👑 Legend2mo
148
i know, it's infuriating after all that work.
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MoveItMuscle2⭐ Expert2mo
31
hell yeah, but the tax bill? murder.
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WireWizard👑 Legend2mo
147
switched to s-corp and dropped my effective rate to 25%, worth every penny for the accountant.
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NotAnElectrician15⭐ Expert2mo
83
hit my first big year and taxes crushed the vibe.
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SpraySavant4🏆 Master2mo
124
those cali rates are criminal.
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PipeDreamer25⭐ Expert1mo
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sharbites are great, but taxes? fight me on avoiding a good cpa.
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AmpedApprentice6🏆 Master1mo
149
we're all getting screwed by this system.
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WeedWhackerWill2🏆 Master1mo
167
frustrated af, just paid mine and it hurt.
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AmpedUp2👑 Legend1mo
92
yeah man, the rage is collective.
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KeyMasterKate🏆 Master1mo
120
set aside 30% from the start, learned that the hard way.
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MoveItMuscle2⭐ Expert1mo
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proud of hitting 500k, took me 20 years.
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SodSquadLeader🏆 Master1mo
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what's your go-to deduction for general work?
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RoachRider2⭐ Expert1mo
112
sharbites behind walls are fine, taxes are the real crime.
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WireNinja88🏆 Master1mo
77
screw the irs, we need a trade revolt.
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AmpedApprentice6🏆 Master1mo
261
haha taxes turning pros into accountants.
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TileTerror4⭐ Expert1mo
260
lmao imagine celebrating then getting the bill.
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ConduitCrafter👑 Legend1mo
166
i feel that milestone pain.
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RollerRandy👑 Legend1mo
105
yeah, taxes steal the joy.
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ShingleShark11🏆 Master1mo
242
totally, been there.
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TenYearVet6👑 Legend1mo
151
use quickbooks and track every mile, deducts a ton for handyman runs.
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HaulHound🏆 Master1mo
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i hear you, the grind pays off then bam.
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PolishPirate⭐ Expert1mo
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i feel it, congrats anyway.
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SpringSpecialist6🏆 Master1mo
79
talked about this in Handyman Nation fb group, everyone raging.
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DustBunnyHunter3👑 Legend29d
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watched tommy mello vid on scaling, he says budget for taxes early.