The crew at PCO Bookkeepers & M&A Specialists has completed another tax preparation season, preparing more than 1,700 income tax returns and other related tax returns for pest control companies and owners. We prepared more than 7,500 1099 forms and more than 200 state tangible returns.
All this work has given some insight into income, tax liabilities and attitudes toward taxes.
In his latest column for Pest Management Professional, our own Dan Gordon answers the following common tax questions from the 2023 season:
- What is the due date for tax returns that have been put on extension?
- Will I incur any penalties for not making estimated payments?
- Does an extension to file give you an extension to pay your taxes?
- Will buying trucks or equipment reduce my tax bill?
- Can I deduct business losses against other types of income?
- Is the employee retention credit (ERC), the most famous tax credit of the COVID-19 era, taxable?
For answers to these questions, check out the article on PMP’s website.
Dan brings over 20 years of experience in accounting and managing high growth Pest Management Companies. As an owner, manager, chief financial officer and industry consultant, he has been involved with the development of several Pest Management Companies from inception to well over 100 employees and beyond.
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