Template
SMALL BUSINESS TAX PREP CHECKLIST 2019
A free small biz tax prep checklist from H & R Block. Copy, print, or download this free PDF for tax season. Includes expenses and deductions.
Income
Gross receipts from sales or services
Sales records (for accrual based taxpayers)
Returns and allowances
Business checking/savings account interest (1099-INT or statement)
Other income
Cost of Goods Sold (if applicable)
Inventory
Beginning inventory total dollar amount
Inventory purchases
Ending inventory total dollar amount
Items removed for personal purposes
Materials & Supplies
Expenses
Advertising
Phones (landline, fax or cell phones related to business)
Computer & internet expenses
Transportation and travel expenses (Local transportation,Travel away from home)
Business trip (mileage) log
Contemporaneous log or receipts for public transportation, parking, and tolls
Airfare or mileage/actual expense if drove
Hotel
Meals, tips
Taxi, tips
Internet connection (hotel, Internet café etc.)
Commissions paid to subcontractors - File Form 1099-MISC and 1096 as necessary
Depreciation
Depreciation: Cost and first date of business use of assets
Depreciation: Records relating to personal use of assets
Depreciation: Sales price and disposition date of any assets sold
Business insurance: Errors and omissions
Interest expense: Business loan interest
Interest expense: Investment expense and interest
Interest expense: Investment expense and interest
Professional fees: Lawyers, accountants, and consultants
Office supplies: Pens, paper, staples, and other consumables
Rent expense: Office space rent
Rent expense: Business-use vehicle lease expense
Office-in-home: Square footage of office space
Office-in-home: Total square footage of home
Office-in-home: Hours of use, if operating an in home daycare
Office-in-home: Mortgage interest or rent paid
Office-in-home: Homeowner's or renters' insurance
Office-in-home: Utilities
Office-in-home: Cost of home, separate improvements and first date of business use
Wages paid to employees: Form W-2 and W-3
Wages paid to employees: Federal and state payroll returns (Form 940, Form 941, etc.)
Wages paid to employees: Employee benefit expenses [This needs to be left-aligned with "Wages paid to employees"]
Wages paid to employees: Contractors
Wages paid to employees: Form 1099-MISc
Wages paid to employees: Form 1096
Other expenses: Repairs, maintenance of office facility, etc
Other expenses: Estimated tax payments made
Other expenses: Other business related expenses
Other expenses: Health insurance [This needs to be left-aligned with "Other expenses"]
Other expenses: Premiums paid to cover the sole-proprietor and family
Other expenses: Premiums paid on behalf of partners and S corporation shareholders
Other expenses: Information on spouse's employer provided insurance
This creates a private checklist in your account.