Prepare Your Business Tax Checklist
Table of Contents
Business Tax Documents
Corporate formation documents.
Report of all revenue earned during the year.
Report of all expenses during the year.
Busieness Expenses Documents
Advertising expenses.
Banking fees.
Business gifts.
Business-related education.
Charitable contributions.
Conference and convention fees.
Equipment and furniture.
Health-insurance premiums.
Insurance.
Interest and fees.
Losses from theft, fraud, damage from natural disasters.
Meals and entertainment.
Membership dues.
Moving expenses.
Office rent expenses.
Office supplies.
Postage and shipping expenses.
Professional fees including: legal help, accounting and bookkeeping, business consulting and marketing consulting.
Property taxes.
Repair and maintenance on the building, grounds, and equipment.
Retirement accounts for self and employees.
Salaries of employees.
Software costs.
Sales tax on items purchased for business usage.
Real estate tax on business property.
Employer's share of employment taxes.
Excise taxes and state income tax.
Telephone and telecommunications expenses.
Trade-show exhibition and/or attendance.
Travel expenses.
Utilities.
Tax Deduction
Employee remuneration can be deducted from your taxable income.
You may deduct both direct advertising expenses and promotional expenses.
You may deduct fees for attorneys and accountants.
You may deduct the purchase price for business equipment such as computers, machines or furniture.
You may deduct up to 50 percent of reasonable business entertainment and meal expenses.
You may deduct 100 percent of business travel expenses.
Your company may deduct 100 percent of any amounts paid for state and local taxes and taxes paid to any foreign government.
Corporations may deduct up to 10 percent for charitable donations.
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Presented by:
Jake R Brady
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Who it's for
This Prepare Your Business Tax Checklist is for teams that want consistent execution, less rework, and clear ownership.
- Standardize quality - run the same Prepare Your Business Tax steps every time, regardless of who executes
- Save time - reuse a proven Prepare Your Business Tax workflow instead of rebuilding processes from scratch
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- Onboard faster - use the Prepare Your Business Tax checklist as the SOP and training guide
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How to use it
How to use this Prepare Your Business Tax Checklist:
- Start by saving it - save as a Template if you'll reuse it, or as a Checklist if it's a one-off project.
- Customize it once for your workflow - remove what doesn't apply and add your team-specific steps.
- Assign ownership and execute - set owners/due dates where needed and track completion as work happens.
- Reuse without rebuilding - when Prepare Your Business Tax comes up again, start from your saved version and run it with clear ownership.