Small Business/Corporate Tax Returns We Prepare
- Small Business Returns (All required forms)
- Sole Proprietorships
- Corporate Returns (All required forms)
- Sole Proprietorships
- S Corps
- LLC's
- C corps
Please use the following checklist as a guide for gathering the necessary documents needed for your tax preparation.
Small Business/Corporate Tax Return 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
• 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
• Contractors
• Form 1099-MISC
• Form 1096
• Other expenses
• Repairs, maintenance of office facility, etc.
• Estimated tax payments made
• Other business related expenses
• Health insurance
• 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