| Business Checklist "This is a list of items
to bring in if you are an independent contractor, self-employed,
small business owner. This is not an all inclusive list, and
a set of business books would be the best option to provide. |
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| Income from business Including any 1099's received
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| Interest income from business bank accounts |
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| Advertising expense - includes marketing, promotional, yellow
pages, sponsorships etc |
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| Employee Benefits - Health Insurance, dental insurance,
retirement plans, etc. DO NOT INCLUDE OWNER |
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| Insurance - Work Comp, general liability, errors and omissions
- NOT LIFE |
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| Interest - on loans, to credit cards used just for business,
on lines of credit |
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| Legal and professional services - accounting, computer specialist,
lawyer, business consultant |
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| Office expenses - office supplies, checks |
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| Rent/lease expenses - separate equipment/vehicles from other
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| Repairs and maintenance - on equipment, buildings, tools
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| Taxes/licenses/permits - payroll taxes, business license,
alarm permit, property taxes |
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| Travel - related to business for the owner and/or employees
- transportation, lodging, taxis etc |
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| Meals and entertainment expense - carefully log! |
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| Utilities - water, trash, sewer, alarm, power |
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| Wages - gross payroll paid to employees with W2's filed
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| Telephone - cellular (% biz use!), long distance, main office
line NOT HOME PHONE even if biz is in home |
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| Postage |
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| Bank Fees |
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| Internet Access - % biz use |
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| Cost of Goods Sold |
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Total Purchases
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Beginning Inventory
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Ending Inventory
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| Outside services - temporary services, subcontractors |
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| Continuing Education -license requirements, business skills,
NOT COST TO QUALIFY |
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| Other (varies by business!): If you spent money in the ordinary
and/or necessary function of your business, let us know what
it was! Examples include memberships/dues, specific costs
related to your line of work |
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| A profit and loss statement and balance sheet, if available
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| Vehicle expenses |
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Gross vehicle weight of vehicle
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# miles total put on vehicle
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# Business Miles (log?)
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Actual Expenses
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Gas
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Insurance
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Repairs/maintenance
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Purchase date, price
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Other ONLY ONE WILL BE USED: Percent of actual or Cents
per Mile (37.5 for 2004)
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Large Purchases
(things with a life of 1 year +) |
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| Description |
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| Date purchased |
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| Price |
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| Papers on anything Financed (loan papers) |
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| Don't forget things paid for by a credit card! |
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