2018 Business Deductions Worksheet ... - Financial...
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2018 Business Deductions Worksheet ** Please do not ROUND - Actual numbers are required** Business Name Does your business have a different address? Yes No $ Did you issue all 1099s to contractors? Yes No $ Did you make any major equipment purchases over $2,500? $ Business Income (All bank deposits are income unless proven otherwise) $ $ 1099 Misc Income - Received from: $ $ $ Other Cash and Check Income $ $ Credit Card Income $ $ Returns and Allowances $ $ Total Gross Sales and Receipts $ Bank Service Charges Business Gifts (limited to $25 per gift) Business Meals Commisions and Fees Classes and Training Education Computer Expenses Contract Labor Employee Benefit Programs Equipment Rental Health Insurance Interest Expense (on business debt) Insurance (other than health or auto) $ Internet Service % of Biz Use Business Auto Expense $ Did you have more than one vehicle for business purposes? Yes $ *If yes, please use Multiple Vehicle Worksheet No $ Year, Make and Model of Vehicle $ Date Auto Began Business Use $ Number of Business Miles (to 1099 jobs and other business use) $ Total Commuting Miles (to W2 jobs) $ Total Miles Driven For the Year Mileage Wksht $ % of Business Use Attached $ Odometer Reading Beginning the Year as of _____________ $ Odometer Reading Ending the Year as of ________________ $ Legal and Professional Services Marketing and Promotion (include website) Office Rent (dedicated office) Office Supplies and Expenses Postage and Printing Professional Dues and Subscriptions Professional Memberships and Union Dues Repairs and Maintenance Supplies, Equipment, Luggage, etc. Tax Preparation Fee (paid in this tax year) Taxes, Licenses and Permits $ Total Fuel Expenses $ Telephone Expense % of Biz Use $ Total Auto Insurance Paid $ $ Total Auto Lease Paid $ $ Total Auto Repairs Paid $ $ Total Auto Purchase Price $ $ Total Auto Loan Interest $ $ Business Use of Home $ Trade Publications and Books Transportation (Cabs, Parking, Fees and Tolls) Travel (Air, Lodging, Car Rental) Travel Meals Utilities (in dedicated Office Space) Wages Paid (through payroll) Other: Did you have more than one home used for business? Yes $ *If yes, please use Multiple Home BUH Worksheet No $ Square Footage of Home $ Square Footage of Area used for Business $ Rent Expense Monthly Annual Inventory & Cost of Goods Sold $ Utilities Monthly Annual $ Mortage Interest $ Real Estate Taxes $ $ Repairs and Maintenance $ $ Home Insurance $ Opening Inventory (1/1/2018) Closing Inventory (12/31/18) Purchases (COG Inventory Items) Inventory Used Personally Inventory Samples given away Business Activity $ EIN # $ Business Expenses Use my Statements and Receipts for Deductions Page 1 of 2 Taxpayer Name
Transcript of 2018 Business Deductions Worksheet ... - Financial...
2018 Business Deductions Worksheet ** Please do not ROUND - Actual numbers are required**
Business Name
Does your business have a different address? Yes No $Did you issue all 1099s to contractors? Yes No $Did you make any major equipment purchases over $2,500? $
Business Income (All bank deposits are income unless proven otherwise) $$ 1099 Misc Income - Received from: $
$$ Other Cash and Check Income $$ Credit Card Income $$ Returns and Allowances $$ Total Gross Sales and Receipts $
Bank Service ChargesBusiness Gifts (limited to $25 per gift)
Business Meals Commisions and FeesClasses and Training Education Computer ExpensesContract LaborEmployee Benefit Programs Equipment RentalHealth InsuranceInterest Expense (on business debt) Insurance (other than health or auto)
$ Internet Service % of Biz UseBusiness Auto Expense $Did you have more than one vehicle for business purposes? Yes $
*If yes, please use Multiple Vehicle Worksheet No $Year, Make and Model of Vehicle $Date Auto Began Business Use $
Number of Business Miles (to 1099 jobs and other business use) $Total Commuting Miles (to W2 jobs) $Total Miles Driven For the Year Mileage Wksht $% of Business Use Attached $Odometer Reading Beginning the Year as of _____________ $Odometer Reading Ending the Year as of ________________ $
Legal and Professional Services Marketing and Promotion (include website)
Office Rent (dedicated office)
Office Supplies and ExpensesPostage and PrintingProfessional Dues and Subscriptions Professional Memberships and Union Dues Repairs and MaintenanceSupplies, Equipment, Luggage, etc.Tax Preparation Fee (paid in this tax year)
Taxes, Licenses and Permits$ Total Fuel Expenses $ Telephone Expense % of Biz Use$ Total Auto Insurance Paid $$ Total Auto Lease Paid $$ Total Auto Repairs Paid $$ Total Auto Purchase Price $$ Total Auto Loan Interest $
$Business Use of Home $
Trade Publications and BooksTransportation (Cabs, Parking, Fees and Tolls)
Travel (Air, Lodging, Car Rental)
Travel MealsUtilities (in dedicated Office Space)
Wages Paid (through payroll)
Other:Did you have more than one home used for business? Yes $
*If yes, please use Multiple Home BUH Worksheet No $Square Footage of Home $Square Footage of Area used for Business
$ Rent Expense Monthly Annual Inventory & Cost of Goods Sold$ Utilities Monthly Annual$ Mortage Interest$ Real Estate Taxes $$ Repairs and Maintenance $$ Home Insurance $
Opening Inventory (1/1/2018) Closing Inventory (12/31/18) Purchases (COG Inventory Items)
Inventory Used Personally Inventory Samples given away
Business Activity
$
EIN # $Business Expenses
Use my Statements and Receipts for Deductions
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Taxpayer Name
Travel Ledger: List of Trips
# of Days Rate Total
Travel Expenses - Not Included in Above Ledger$ Hotels $ Car Rental $
$ Airfare $ Insurance $
Gas, Parking, Tolls
Ground Transportation
Business Activities during the year Include events, gigs, travel, timing of large purchases and items FG should look for on your statements
How do you keep track of your accounting? _______________________________________________________________________How do you maintain your income and expense records? ____________________________________________________________How are the expenses on page 1 helpful to your business? ____________________________________________________________Do you have an advertising or promotional plan? ___________________________________________________________________How will your business make a profit? ____________________________________________________________________________How do you plan to increase business in subsequent years? ___________________________________________________________
Documents Provided for Tax Return: 1099-Misc to Contractors Business License Bank Statements1099-Misc Income 1099-K Client List Receipt Books Credit Card Statements
Dates of Trip Location Purpose
JanuaryFebruaryMarchAprilMayJune
December
JulyAugustSeptemberOctoberNovember
Was travel and lodging covered?
Did you receive Per Diem?
If FG is going through your statements, this section is required to help us find your deductions.
Office Use Only
Travel Meals$
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Taxpayer Name
