Gather all of your business tax information here, and the hardest part of doing your taxes is done. Whether you DIY your taxes or go to a tax pro, this is what you’ll need to have on hand.

  • Copy of last year’s tax return
  • Your business tax ID number (if different than your Social Security number)
  • Business bank statements
  • Business credit card statements
  • Business loan statements
  • Business financial statements: Balance Sheet and Profit & Loss Statement
  • IRA or other retirement plan contributions made during the tax year
  • Self-employed retirement contributions
  • Self-employed health insurance premium payment records
  • HSA (Health Spending Account) contributions and distributions
  • FSA (Flexible Spending Account) contributions and distributions
  • 1099-MISC (for your freelance income, royalties, etc.)
  • Records for every payment you received through any source:
    • Check, cash, or credit card
    • Direct deposit
    • Wire transfer
    • PayPal
    • Gusto
    • Bill.com
    • Accounting (billing) software like QuickBooks or Wave
    • Square
  • Documentation for any contractors you paid and the 1099s you sent for anyone you paid more than $600
  • Mileage log (for things like client meetings, trips to the post office, etc.)
  • Meal receipts along with details of the business reason for the meal and who was present
  • All expense receipts or other proof of expenses paid (credit card statements, bank statements, expense logs, etc.) including:
    • Phone bills
    • Business gifts
    • Marketing and marketing research
    • Business-related education (EFA courses count)
    • Professional dues (your EFA membership fee)
    • Professional licensing fees
    • Business equipment (laptop, dedicated phone, printer, etc.)
    • Web hosting
    • Web subscriptions (like for stock photos or accounting software)
    • Reference books
    • Office supplies
    • Business fees (for annual LLC fees, business permits, etc.)
  • Estimated tax payments you made for
    • Federal
    • State
    • Local