LivingstonCPA - Individual and Small Business Taxation - Small Business Accounting

Tax Checklist for Businesses

Use this list as a guide in gathering your information to be used in preparation of your business tax return(s). Please provide any additional information that may be pertinent to your tax return.

  • Business name, address, and description of the nature of
    your business
  • Copy of last year's Federal and State tax returns (new clients only)
  • Employer identification number (if applicable)
  • Accounting method, i.e. Cash or Accrual
  • Inventory valuation method
  • Gross income or receipts from business
  • % of home used for business purposes – i.e. sq. feet of business area / total sq. feet of home
  • Listing of assets and dates purchased within current year
  • Listing of assets currently being depreciated with details of depreciation amounts and methods used (new clients only)
  • Balance Sheet and Income Statement. If not available, please provide Cost of Goods Sold, employee compensation
  • Mileage: Provide mileage for business (non-commuting) and total mileage for the year plus make, model, and year of auto
  • All other business expenses
  • Home office expenses– rent or mortgage, utilities, insurance, real estate taxes, etc. (These are deductible for the % business use).

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