Russell W. James, CPA, pc
Need help compiling your Business Income and Expenses we can do that for you or you can compile it using the tools below. Click on the link, when it opens then click on "File" then "Make a Copy" and rename it to your business name. Fill in the places that are blue with your info, you can customize what your income is called and what expenses you are using, then go to each month and put in your income and expenses. It will create a P&L that we can use for your taxes. When you are done filling this out you can click on "Share" and share it with me at simpleacctg@gmail and I will have access to your info to put on your tax return. You can also share it with me if you have any questions or need any help.
Simple Accounting
A few things to bring:
Last year's tax return (if we didn't prepare it)
W-2 forms
1099's of any kind (misc. income, NEC income, interest income, etc.)
Investment, Mutual fund, and Stock Trade Statements
K-1 schedules from Partnerships, LLC's, S-corporations
Retirement plan contributions and/or withdrawals (1099-R)
1098 statement(s) from mortgages
Medical expenses (including Rx, co-pays, mileage)
1095 Affordable Care Act (health insurance) notices 1095A, 1095B or 1095C
HSA and health insurance information
Charitable contributions (including cash, non-cash, and mileage)
Dependent info (SSN, DOB, relationship, # of months spent at home)
Tuition, fees, and required course materials (bring 1098-T)
Alimony paid or received (do not include child support)
Sales tax paid on vehicles or other major purchases
Settlement HUD's on sale and/or purchase of real estate or houses
Cost of windows, insulation, furnace, water heaters, solar panels qualifying for credit
Moving expenses, job hunting expenses
Stimulus payment received for you and your family
Anything else you think might help...
If you have a business or rental property:
Income received (include 1099-K, 1099-Misc)
Expenses related to the business or income
Mileage (Total mileage and business use of vehicles)
Home office and total sq. footage, utilities paid, cell phone costs