Complete your Business Expense Worksheet!

Business Expenses

Please take your time to complete the following questions. We have detailed out common expenses you may have already planned for and some you may have not thought of. The first couple questions are about you in order to match your submissions with your tax intake. Use the same email and phone as before. Thanks.

Full Name *

Phone *

Email *

Name of Business *

Do you own more than 1 business? *

Business Address *

Date your business began *

Is your business incorporated or an LLC? *

IF yes, enter your Tax ID/EIN number

Date you incorporated your business *

Have you elected S-Corporation Status? *

Date of S-Corporation Election

If you are a corporation, you will be required to attach a seperate sheet with all shareholders information (Shareholder name, Social Security Number, Address, Percentage of Ownership)

Number of Shareholders

Revenue

Gross Receipts or Sales *

Product sales during year (if any)

Total inventory at the beginning of the year

Total product purchases

Total inventory at the end of the year

Vehicle Expense Summary

To be able to deduct vehicle expenses you must have a written record of your business use. You at least need the date, location, and purpose, of the business travel. You can deduct either mileage or actual cost, however mileage will usually get you the largest deduction (unless you purchase a vehicle this year and use it 50% or more for your business). You Cannot switch back and forth from mileage to actual cost.

Note: Please complete this section on a separate sheet for each vehicle you used in your business.

Year, Make, and Model of the vehicle you use for your business - Vehicle 1

Business miles for the year on Vehicle 1

Total miles for Vehicle 1

Year, Make, and Model of the vehicle you use for your business - Vehicle 2

Business miles for the year on Vehicle 2

Total miles for Vehicle 2

Year, Make, and Model of the vehicle you use for your business - Vehicle 3

Business miles for year on Vehicle 3

Total miles for Vehicle 3

Business Expense Summary

This list is intended to help you gather deductions or remind you of deductions you may not have thought of. If you kept your books throughout the year in some kind of accounting software or spreadsheet, you do not need to fill out this form. Simply upload your financial statements or your spreadsheet detailing your expense categories and the appropriate amounts when it asks for any additional documents.

When filling out the list, only fill in the items where you had expenses. Leave the others blank. Please use the traditional format when listing amounts. Example: $2,314.05

Itemized List of Expenses

Compensation of Officers
Salaries and Wages
Repairs and Maintenance
Rents
Taxes and Licenses
Interest
Advertising
Employee Benefits Program
Accounting
Answering Service
Auto and Truck Expenses
Bank Charges
Commissions
Computer Expense
Delivery and Freight
Dues and Subscriptions
Entertainment and Promotion
Gifts
Insurance
Janitorial
Contract Labor
Laundry and Cleaning
Legal and Professional
Licenses and Permits
Meals
Miscellaneous
Office Expenses
Outside Services (Contract)
Parking Fees and Tolls
Postage
Printing
Security
Supplies
Telephone
Tools
Trade Shows
Training and Seminars
Travel
Uniforms
Utilities

Please list any other expenses you can think of

Please list any equipment that you purchased, sold or disposed of during the year. Please also include the date of purchase or sale. Be as descriptive as possible.

Equipment Purchases

Additional Comments

Current Business License

Please upload

LLC, EIN etc. documents

Additional Relevant Info

You are required to keep your receipts for up to three years and as much information as possible in case of an audit from the IRS.

Signature *

Clear

Consent *

By submitting this form you agree to be contacted by Head Start Biz Solutions through phone, text, and/or email. You may unsubscribe anytime at the bottom of our emails and reply "stop" in text messages. Thanks.

Contact

info@headstartbiz.com

Contact

info@headstartbiz.com