TAKING CARE OF 100% OF YOUR SMALL BUSINESS TAX NEEDS

tax-reconcilliation-servicesWe know how important tax preparation is for your business and how difficult it can be to keep up with the ever-changing tax laws. When you have so many more important things you need to handle each day we’ll be behind you 100% taking care of all your tax needs. We’ll handle your small business tax preparation, specializing in budgeting and account reconciliation, and balancing your books.

When you have so many more important things you need to worry about each day, we’ll be behind you 100% taking care of all your tax needs. Let us take away the burden preparing your taxes can have on you.

  • This field is for validation purposes and should be left unchanged.

BE PREPARED WITH THIS TAX CHECKLIST FOR SMALL BUSINESSES

business-tax-checklist

Income

  • Gross receipts from sales or services
  • Sales records (for accrual based taxpayers)
  • Returns and allowances
  • Business checking/savings account interest (1099-INT or statement)
  • Other income

Cost of Goods Sold (if applicable)

  • Inventory
  • Beginning inventory total dollar amount
  • Inventory purchases
  • Ending inventory total dollar amount
  • Items removed for personal purposes
  • Materials & Supplies

Expenses

  • Advertising
  • Phones (landline, fax or cell phones related to business)
  • Computer & internet expenses
  • Transportation and travel expenses
    • Local transportation
      • Business trip (mileage) log
      • Contemporaneous log or receipts for public transportation, parking, and tolls
    • Travel away from home
      • Airfare or mileage/actual expense if drove
      • Hotel
      • Meals, tips
      • Taxi, tips
      • Internet connection (hotel, Internet café etc.)
      • Other
  • Commissions paid to subcontractors
    • File Form 1099-MISC and 1096 as necessary
  • Depreciation
    • Cost and first date of business use of assets
    • Records relating to personal use of assets
    • Sales price and disposition date of any assets sold
  • Business insurance
    • Casualty loss insurance
    • Errors and omissions
    • Other
  • Interest expense
    • Mortgage interest on building owned by business
    • Business loan interest
    • Investment expense and interest
  • Professional fees
    • Lawyers, accountants, and consultants
  • Office supplies
    • Pens, paper, staples, and other consumables
  • Rent expense
    • Office space rent
    • Business-use vehicle lease expense
    • Other
  • Office-in-home
    • Square footage of office space
    • Total square footage of home
    • Hours of use, if operating an in home daycare
    • Mortgage interest or rent paid
    • Homeowner’s or renters’ insurance
    • Utilities
    • Cost of home, separate improvements and first date of business use
  • Wages paid to employees
    • Form W-2 and W-3
    • Federal and state payroll returns (Form 940, Form 941, etc.)
      • Employee benefit expenses [This needs to be left-aligned with “Wages paid to employees”]
      • Contractors
      • Form 1099-MISc
      • Form 1096
  • Other expenses
    • Repairs, maintenance of office facility, etc
    • Estimated tax payments made
    • Other business related expenses
      • Health insurance [This needs to be left-aligned with “Other expenses”]
      • Premiums paid to cover the sole-proprietor and family
      • Premiums paid on behalf of partners and S corporation shareholders
      • Information on spouse’s employer provided insurance