Saint Louis CPA James Coats can help you with your small business and sole proprietorship tax returns and tax deductions. James Coats is an experienced small business accountant that can help you maximize your refund and make sure your tax return is properly filed. When preparing your tax information for us, please be sure to provide us with the following information:
- Gross Revenue and 1099s
- Sales and Excise Tax Returns
- Payments to Vendors and Subcontractors may need to issue 1099s
- Inventory levels (beginning and ending) and Inventory Purchases
- Parts and Supplies
- Documentation of large Asset Purchases (Homes, Buildings, Land, Machinery, Leases)
- Payroll Tax Returns
- Payroll Processing Fees
- Employee Benefits
- Rent Paid (Office, Equipment, etc.)
- Telephone and Internet
- Automobile
- Home Office
- Meals and Entertainment
- Travel
- Office Supplies
- Postage and Shipping
- Equipment Purchased and prior year depreciation schedule
- Insurance – Liability, Auto, malpractice, Life, Disability, Owner Health, Employee Health
- Utilities
- Commissions and Fees
- Repairs and Maintenance
- Loan Interest
- Taxes, Licenses, and Permits
- Publications and Dues
- Advertising
- Legal and Professional Fees
- Medical Expenses
- Pension and Profit Sharing
- Uniforms and Work Clothing
- Laundry and Janitorial
- Tools
I love that you touched on utilities and how they can affect your taxes is well. My spouse and I are thinking about getting a professional to help with our taxes next year. We need to start gathering the right information now so that we don’t have to really worry about it later on.