Business income and expenses
worksheet for sole proprietors
and LLCs
Please let us know if you have made any business
loans that turned out to be uncollectible.
Please bring the following documents to your appointment
1099-MISCs
1098s for interest paid
Profit and loss statement (if available)
Balance sheet (if available)
Business name
Business EIN
Business address
Contact person
Principal business activity, product or service
Method of accounting
Cash
Accrual
Income
$Income from principal business activity
Returns and allowances
PPP Loan Amount
$
Client's name
$
$
$
$
Miles
Miles
Miles
$
$
$
Be ready to discuss
$
$
$
$
$
Expenses
Advertising
Gifts (max $25 per person)
Website
Other advertising (marketing, ads, yellow pages, etc.)
Car and truck
Vehicle year, make and model
Business miles
Commuting miles
Personal miles
Commissions and fees
Bank fees
Credit card fees
Contract labor
Employee benefits
Insurance
Building insurance
Health insurance
Liability insurance
Interest
Loans
Business credit card interest
Legal and professional services
Accounting services $
Consultant services $
$
$
$
$
$
$
Be ready to discuss
$
$
$
$
$
$
Legal services
Continuing education
Professional dues, organizations and journals
Office supplies
Copies
Postage
Software
Office supplies
Meals with clients
Pension and profit-sharing
Rent or lease
Building
Vehicles or equipment
Repairs or maintenance
Building
Cleaning
Computer
Equipment
Supplies
Equipment/tools less than $2,500 each (used in primary business)*
$
* Equipment and tools greater than $2,500 per item; please provide list with purchase dates.
Taxes and licenses
Real estate tax not shown on 1098
$
Sales tax paid if included in gross income
$
Payroll
$
Business license
$
$
$
$
$
$
$
$
$
$
$
Travel
Air
Hotel
Ground
Meals
Utilities (Not for home office)
Cell phone (business portion only)
Gas, electric, water
Internet
Security
Wages
Inventory
If you carry inventory, complete the following:
Inventory value at beginning of the year $
Purchases $
Materials/supplies used to produce inventory $
Cost of labor to produce inventory $
Shipping costs for inventory $
Inventory value at the end of the year $
$
$
$
$
Please provide list accounting for all other income and/or expenses not shown above.
Other expenses