TAX PREPARATION CHECKLIST FOR BUSINESSES
- Cash on hand at December 31
- Copies of December bank statements with reconciliations
- Detailed Accounts Receivable report (if applicable)
- Inventory details at end of year (if applicable)
- Copy of invoice for any purchase of equipment, vehicles, improvements, etc that may be required to be depreciated ($1,000 or more)
- Mileage for each vehicle used for business, at a minimum the beginning/ending mileage and percentage used
- Prepaid Expenses (if applicable)
- Detailed Accounts Payable report (if applicable)
- Customer Deposits report and/or details
- Statements representing 12-31 balances for:
Credit Cards
Notes Payable (equipment, vehicles, banks, etc.) - Copy of December sales tax return
- Reports representing Accrued Payroll (if applicable)
- W-2’s and W-3
- Year-to-Date report of paid wages
- Copies of 1099’s if self-prepared
- Change in ownership (provide documentation)
- Change in entity (provide documentation)
- NOTE — where indicated (if applicable) references those businesses on an accrual basis
