Tree service
Tree service: the tax questions worth asking early
Insurance, climbing gear, and chipper trucks make this a high-cost trade with high liability.
Decisions that change the picture
- Buying a chipper, bucket truck, or stump grinder.
- Carrying higher liability and workers compensation coverage.
- Selling or giving away mulch and firewood.
Records worth keeping as you go
- Insurance policies and premium payment records.
- Equipment purchase and maintenance records.
- Any income from mulch, firewood, or log sales.
Questions to bring to your tax pro
- How should my equipment purchases be handled this year?
- Is my insurance cost being captured completely?
- Do my byproduct sales need to be reported separately?
This guide is general information, not tax advice. Your tax professional decides what applies to your business and your filing.
Send me this guide, and the two others for my trade.
Optional. No cost, and you can stop any time.