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Keith Sabin, EA

Tax Offices of Keith Sabin LLC

Taxes and Bookkeeping Services prepared at the convenience of your home or office

Business tax items needed

What do I need to file my small business taxes?

Income

  • Gross receipts from sales or services
  • Sales records (for accrual based taxpayers)
  • Inventory (if applicable)
  • Beginning inventory
  • Inventory purchases
  • Ending inventory
  • Items removed for personal purposes
  • Returns and allowances
  • Business checking and savings account interest (1099-INT or statement)
  • Other income

Expenses

  • Advertising
  • Transportation and travel expenses
    • Local transportation
    • Business trip (mileage) log
    • Contemporaneous log or receipts for public transportation, parking and tolls
  • Travel away from home
    • Airfare or mileage (actual expense if drove)
    • Hotel
    • Meals and tips
    • Taxes and tips
    • Internet connection (hotel, Internet cafe, etc.)
    • Other
  • Commissions paid to subcontractors
  • Depreciation
  • Cost and acquisition date of assets
  • Sales price and disposition date of any assets sold
  • Fringe benefits
    • Employer-paid pension/profit sharing contributions
    • Employer-paid HSA contributions
    • Employer-paid health insurance premiums
    • Cost of other fringe benefits
  • Business insurance
  • Casualty loss insurance
  • Errors and omissions
  • Other
  • Interest expense
    • Mortgage interest on building owned by business
    • Business loan interest
  • Legal fees
  • Office supplies
    • Pens, paper, staples, etc.
    • Other consumables
  • Rent expense
    • Office space rent
    • Business-use vehicle lease expense
    • Other
  • Office-in-home
    • Square footage of office space (hours of use for daycare business)
    • Total square footage of home (not applicable for daycare business)
    • Mortgage interest or rent paid
    • Utilities
  • Wages paid to employees
  • Form W-2 and W-3
  • Federal and state payroll returns (Form 940, etc.)
  • Other expenses
  • Repairs, maintenance of office facility, etc

Business Start up
               Cost 

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Business Valuation


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      Equipment     Sec 179 Deduction

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