top of page
Search

The Small Business Tax Checklist


Tax season doesn’t have to feel like a game of fetch gone wrong! With a little preparation, you can keep your small business finances in check and make tax time a walk in the park. Use this paw-some checklist to gather everything you need before filing. 🐾



Fetch Your Income Info 💰

Just like a dog keeps track of their favorite toys, you need to track all the income you earned throughout the year. Make sure to gather:

  • 1099 forms (if you received payments from clients)

  • Invoices for services provided

  • Bank statements showing business deposits

  • Any other income records



Track Your Treats (Deductions) 🍖

Every business owner deserves a few treats—especially when they come in the form of tax deductions! Keep receipts and records for:

  • Business supplies & software

  • Home office expenses (if applicable)

  • Marketing and advertising costs

  • Business meals and travel

  • Insurance premiums

  • Professional fees (legal, accounting, coaching)



Leash on Expenses 🦴

To keep your finances on a short leash, stay organized with:

  • Business bank & credit card statements

  • Receipts for major purchases

  • Mileage logs (if you drive for business)



Paw-sitive Credits 🐾

These credits can help lower your tax bill—fetch them if you qualify!

  • Qualified Business Income (QBI) deduction

  • Retirement plan contributions

  • Health insurance premiums (self-employed)

  • Energy-efficient business upgrades



Tail-Wagging Compliance 🐕

Don’t let tax season sneak up on you! Keep these records handy:

  • Estimated tax payment records

  • Payroll records (if you have employees)

  • Sales tax filings (if applicable)



Don’t Chase Your Tail—Get Help! 🐶

Taxes don’t have to be ruff! If you need help preparing your return, reach out today. I’ll help you fetch every deduction you deserve. DM me or visit my website for more info!


 
 
 

Comments

© 2023 ABA Tax Planning

bottom of page