CLOSING INVENTORY- lower of your cost or the current market value. DO NOT use retail value. If your business has no income, the burden on you will be to show you were actively engaged in a trade or business. The IRS will otherwise presume you are …

Use this comprehensive checklist to ensure you have everything you need to accurately and efficiently complete your tax return. Determine the types of taxes your business may be liable for (income tax, estimated tax, self-employment tax, employment tax, excise tax, sales tax).

The Purpose of this worksheet is to help you organize your tax deductible business expenses. In order for an expense to be deductible, it must be considered an "ordinary and necessary" expense. You may include other applicable expenses. Do not Include expenses for which you have been reimbursed, expect to be reimbursed, or are reimbursable.

This downloadable file contains worksheets for, wages and pensions, IRA distributions, interest and dividends, Miscellaneous income (tax refunds, social security, unemployment, other income). Don't forget to attach W-2's and 1099 forms to you worksheets. business.pdf

Last year’s tax return Form 1120 Form 1040-ES Business loan information Potential deductions Accrued interest statements Business loan invoices Funding receipts Business travel expenses Home office expenses ... Small business tax preparation …

Please use this worksheet to give us business income and expenses, plus critical supplemental information for preparation of your tax returns. There are two versions of this worksheet; a fillable PDF (what you are viewing now) and a simple Excel template.

Small Business – Self Employed - 1099 Income-Schedule C Worksheet Send last year’s Schedule C or tax return if you operated the business previously and we did not prepare the previous tax return for you.

Business Rent (Rent for office or practice space) Equipment Repairs (Repairs on computers, equipment, etc.) Supplies (Any small items needed for bus.) Taxes & Licenses (Business licenses and/or Misc. Business taxes-MNCare, etc.) Travel (Airfare, lodging - not food or auto) Local Business Travel (Uber, Lyft, Taxi)

This worksheet was created to give you a manual method of tracking your business income

Whether you decide to tackle your taxes on your own, or hire a tax professional, the following small business tax preparation checklist will help you gather everything you need to get the job done.