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INFORMATION FOR PREPARATION OF BUSINESS RETURN 2007 |
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Gross Production or Sale |
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Returns |
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Collected Income |
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Account Receivable |
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Money in bank on dec. 31 |
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Accounts payable on dec. 31 |
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Balance on bus Loans on dec. 31 |
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Balance on loans from owners on dec. 31 |
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Inventory at beginning of year |
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Purchases of product |
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Cost of outside labor |
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Other cost |
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Inventory at end of year |
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Compensation of officers (salary) |
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Salaries and wages (other than officers) |
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Guaranteed payments to partners |
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Advertising |
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Auto (see note) |
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Bad Debts |
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Bank charges |
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Catering |
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Commissions |
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Contract work |
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Consultation expenses |
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Credit and collection costs |
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Discounts |
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Dues and subscriptions |
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Employee benefit programs |
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Equipment rent |
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Factory expense |
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Freight and Delivery |
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Fuel (not for auto) |
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Gifts |
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Insurance |
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Business |
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Liability |
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Life |
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Medical |
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Work. Comp |
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Interest |
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Laundry and cleaning |
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Licenses and permits |
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Maintenance |
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Miscellaneous |
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Office expense |
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Office-in-home expenses |
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Total sq. area of home |
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Area used for business |
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Mortgage interest |
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Property tax |
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Home insurance |
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Mortgage insurance |
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Repairs - all home |
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Repairs - bus. Area |
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Electricity |
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Heating |
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Water |
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Garbage |
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Snow removal |
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Maintenance |
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Date of place in service |
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Price of house |
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Cost of land |
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Parking |
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Pension, profit-sharing plans |
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Postage |
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Print and copy |
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Professional fees |
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Promotion |
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Publications |
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Rent |
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Repair & Maintenance |
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Safety clothing and equipment |
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Sales expense |
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Security |
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Small tools and equipment |
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Software |
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Supplies |
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Direct |
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Indirect |
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Office |
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Computer |
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Taxes |
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Sales tax |
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State tax |
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Social security tax |
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Medicare tax |
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Federal unemployment tax |
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State unemployment tax |
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Telephone |
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Ground line |
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Cell. Phone |
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Pager |
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Radio |
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Utilities |
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Electricity |
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Heating |
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Water |
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Garbage disposal |
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Hazard waist disposal |
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Cable and internet connection |
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Travel |
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Meals |
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Entertainment |
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Capital assets, witch use more than one year |
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(needed description of each item, date of purchasing and price) |
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Auto expenses can be deducted two ways - actual and standard |
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Standard deductions - 48-1/2 cent per mile |
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Actual auto expenses |
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Fuel |
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Insurance |
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License plates |
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Maintenance |
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Registration fee |
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Repair |
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Taxes |
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Tires |
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Washing |
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