Have questions about what you should bring to your business tax appointment? Here’s a helpful checklist to consider.
- Gross receipts from sales or services (Form 1099-K or 1099-Misc)
- Business checking/savings account interest (1099-INT or statement)
- Other income
- Inventory on hand (cost) at December 31st
- Inventory purchases
- Amount used for personal purposes
- Materials & supplies
- Business trip (mileage) log
- Amounts paid to subcontractors (Form 1099-Misc)
- Asset information
- Purchases over $2500 with cost & first date of business use
- Sales price & disposition date of any assets sold
- Interest expense from bank loans, business loans, mortgages, and credit cards
- Rent expense
- Office-in-home info
- Square footage of office space and total square footage of home
- Mortgage interest or rent paid, insurance, and utilities
- Cost of home, separate improvements and first date of business use
- Wages paid to employees (Forms W-2 and W-3 and Federal and state payroll returns-Forms 940, 941,etc)
- Estimated tax payments made
- Health insurance premiums paid
- Meals and entertainment expenses
- Payments to retirement plans
- Any other ordinary and necessary business expenses
- Tax returns & depreciation schedules from the past 2 years, if this is your first visit
Click here for more info on what to provide for your personal tax return.
Click here to download a helpful pdf checklist.