Business Expenses Worksheet

This handout provides a simple worksheet for business owners to track expenses. It can be used as a ledger or as a summary for business owners to complete and provide to their tax preparer.

BusinessClare FazackerleyJanuary 6, 2021Tax, Business, Expenses, Worksheet, Business Expenses, Tracking Expenses, Depreciation of Assets, Inventory, Small Business, New Business

Business Use of Home

This handout outlines the expenses that are deductible for the business use of the home. The use of the home as a day care facility is also highlighted.

BusinessClare FazackerleyJanuary 5, 2021Business, Business Use of Home, Deductions, Deductible Expenses, Expenses, Day Care Providers, Home Office, Depreciation, Home Improvements, Home Office Deduction, Small Business, Day Care Facility

Mileage and Expense Log

The log provides a worksheet for taxpayers to track mileage and expenses for tax deductibility of those miles and expenses. The log provides the entries needed to be compliant with IRS regulations.

BusinessClare FazackerleyJanuary 3, 2021Business, Starting a Business, Market Research, Expenses, Deductions, Deductible Expenses, Worksheet, Mileage Log

Repairs vs. Improvements

This handout provides information which will help determine whether a current business deduction can be taken for expenses incurred on business assets, or whether the expense must be capitalized and depreciated.

BusinessClare FazackerleySeptember 30, 2018Business, Business Tax, Expenses, Renting, Landlord, Rental Property, Rental Improvement, Maintenance

Day Care Providers Income and Expenses

This handout provides guidance on recordkeeping of income and expenses for day care providers. It also provides information for calculating the business use of the home for day care providers.

BusinessClare FazackerleySeptember 28, 2018Business, Day Care Providers, Day Care Facility, Day Care Income, Child Care Providers, Childcare, Expenses, Day Care Expenses, Day Care Recordkeeping, Child Care Recordkeeping, Business Use of Home, Home Day Care, Home Child Care, Day Care Business Records, Child Care Income, Childcare Providers

Recordkeeping for Tax Purposes

This handout explains the type of records which should be kept and the retention period of those records. The information is beneficial for recordkeeping of individual tax records and also for recordkeeping of business tax records.

Business, Individual Income TaxClare FazackerleySeptember 17, 2018Business, Business Tax, Record Retention, Audit, Receipts, Expenses

Rental Income and Expenses

This handout describes the various aspects of rental income and expenses. There is also an explanation of the difference between a repair and an improvement and the tax consequences of each.

Business, Individual Income TaxClare FazackerleySeptember 17, 2018Business, Business Tax, Expenses, Receipts, Renting, Landlord, Rental Property

Services

Resources

Let's Get Together!

SECURE PORTAL LOGIN