Business Income Tax Return Checklist
Sample Information we need to prepare your Business Income tax return:
HERE'S WHAT YOU GET:General ledger or QuickBooks file (Accountant's copy)
- Bank statements and bank reconciliations as of the end of the tax year
- Accounts receivable listing (if accrual basis)
- Inventory balance at the end of the year (at cost)
- Listing of assets purchased and disposed during the year:
- Purchases - Description, Date purchased, Purchase price and loan details, if any
- Disposals - Description, Date sold, Sales price and provide closing statements or bills of sale
- Depreciation schedule (if a new client)
- Broker statement for investments
- Detail of any other asset balances-loans, deposits, etc.
- Accounts payable (if accrual basis)
- Loan statements
- All payroll tax reports for the year- Forms 941, 940, NC-5, and NCUI-101
- Sales tax report for the end of the year
- Balances of any other liabilities - payroll withholdings, retirement plan contributions, etc.
- Details of any equity account changes or ownership changes
Business Income Tax Return Checklist
Sample Information we need to prepare your Business Income tax return:
HERE'S WHAT YOU GET:General ledger or QuickBooks file (Accountant's copy)
- Bank statements and bank reconciliations as of the end of the tax year
- Accounts receivable listing (if accrual basis)
- Inventory balance at the end of the year (at cost)
- Listing of assets purchased and disposed during the year:
- Purchases - Description, Date purchased, Purchase price and loan details, if any
- Disposals - Description, Date sold, Sales price and provide closing statements or bills of sale
- Depreciation schedule (if a new client)
- Broker statement for investments
- Detail of any other asset balances-loans, deposits, etc.
- Accounts payable (if accrual basis)
- Loan statements
- All payroll tax reports for the year- Forms 941, 940, NC-5, and NCUI-101
- Sales tax report for the end of the year
- Balances of any other liabilities - payroll withholdings, retirement plan contributions, etc.
- Details of any equity account changes or ownership changes