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Small Business Tax Preparation Checklist

small business tax checklist

• 1. Meet with your bookkeeper.

• 2. Update your mileage log.

• 3. Gather your bank statements.

• 4. Capture all expenses you have paid for out of pocket.

• 5. Make sure all personal expenses paid for from your business accounts are properly recorded.

• 6. Gather any 1099s you have received, including 1099-Ks from credit card processors.

• 7. Make sure you have issued 1099s as appropriate.

• 8. Pull receipts for asset purchases.

• 9. Ensure your loan balances match what is on your balance sheet.

• 10. Make sure your meals expenses are properly categorized.

• 11. Note any changes in ownership.

• 12. Schedule a pre-appointment call with your tax preparer.