YEARLY INCOME AND EXPENSES
Year 2012
Name______
Address______
______
INCOME:
Gross Sales ______
(RETAIL EXCLUDING SALES TAX).
Commissions ______
Other Prizes & Awards______
EXPENSES:
PC/Purchases______
(Kit enhancements, prizes, gifts, ect…)
Display/Demos (Food)______
Personal Gifts ($25 max/person) ______
(For consultants, hostesses, guests, advertising, ect…).
Sales Aids______
(Displays, banners, ect…).
Other Supplies______
(Supplies for Classes, Sales Meetings,Open Houses, Fairs, ect ).
Uncollected Bills______
(Bad checks uncollected)
Director Order Forms (pins) ______
Telephone______
Title______
Email: ______
AUTOMOTIVE EXPENSES:
Total Miles Driven for the Year ______
Business Miles ______
Car Interest ______
OTHER:
Charitable Contributions:
Cash (Fundraisers, ect…) ______
Non-Cash (Auctions, ect…) ______
ADVERTISING & RELATED EXPENSES:
Business Cards ______
PC Web Page ______
Fairs, Booth Fees ______
Leads ______
Printing, Flyers ______
Yellow, Business Pages ______
Consultant Prizes & Promotions ______
Director Prizes & Promotions ______
MISCELLANEOUS EXPENSES: (Please give total amounts).
Phone (Landline) ______
(Long distance calls, phone features, 2nd line)
Cellular Line Charges ______
Internet Service Fee ______
Office Supplies ______
(Catalogs, order forms, ect…)
Meeting Room Rent ______
Equipment Purchased* ______
Freight ______
Postage ______
Professional Publications ______
(Cooking Magazines, ect…)
Office Furniture Purchased ______
Office Furniture/Machinery Leased ______
*i.e., answering machine/telephone, computer, copier, Printer, cellular phone
BUSINESS EXPENSES:
Bank Service Charges______
Wire Transfer Fees______
Legal/Accounting Fees______
Prior Tax Preparation Fee______
Secretary______
(Include name/ SSN if paid over $600)
Non-Office Help (i.e. cleaning) ______
Interest (Business Loan/ Credit card) ______
CONTINUING EDUCATION:
Workshops (local and out of town) ______
Seminar, Career Conference______
BUSINESS TRAVEL EXPENSES: (Please give total amounts).
Plane/Train Fare______
Taxi/Bus/Limousine______
Car Rental______
Hotel______
Tips______
Meals/Entertainment______
Dry Cleaning/Laundry Service______
Parking/Tolls______
IN HOME OFFICE EXPENSE:
Gas ______
Electric ______Water ______
Garbage ______
Dwelling Rent ______
Mortgage Interest ______Real Estate Tax ______
House Insurance ______
Repairs/Maint ______
Home Improvements ______
Total Square Feet of Home ______
Square Feet Used for Business ______
PERSONAL INFORMATION:
ITEMIZED DEDUCTION INFORMATION:
Health Insurance Premiums ______
(Through a job)
Medical/Dental Expenses ______
State Tax or Local Tax from a W-2 ______
Personal Property Tax (car) ______
Vehical Tags & License ______
Investment Interest ______
Cash Contributions ______
Non-Cash Contributions ______
Safety Deposit Box ______
Cont. Education ______
Uniforms, Union Dues, etc. ______
HEALTH INSURANCE: (If FULLY self employed).
Amounts Paid in for Policy ______
CHILDCARE EXPENSES:
Child Care Amount______
Provider’s Name(s) ______
Address (es) ______
______
Social Security #______
FEDERAL QUARTERLY ESIMATES:
April 15, ______
June 15______
September 15 ______
January 15 ______
STATE QUARTERLY ESTIMATES:
April 15, ______
June 15, ______
September 15, ______
January 15, ______
BE SMART ABOUT YOUR TAXES:
1.KEEP GOOD RECORDS.
(i.e., keep a day planner, record all business trips, # of miles, type of trip,
Appointments, who you had lunch or dinner with, what you discussed).
2.Keep Receipts for EVERY business expense.
(i.e., on your meal receipt write the name of the person you had lunch with, you can only take their portion of the meal for a business expense).
3.Keep a telephone log to show use of your office in home, incoming and outgoing calls, bookings, parties, open houses, take pictures of events, take pictures of your office.
4.Prepare sales slips for all productsgiven away.
(i.e., gifts, parties prizes, ect…).
5.Being an independent entrepreneur is a wonderful opportunity! Make sure your tax preparer understands your business, keeping good records will allow for an accurate tax return.
Have a great day!
MISCELLANEOUS INFORMATION
Name and date of birth______
Spouse’s name and date of birth______
Children’s names, date of birth and social security numbers, (be sure to include your newborn.)
______
______
______
How long have you lived at the current address______
Previous Address______
(If less than one year)
Moving Expenses______
(Transportation of goods, storage, hotel/motel, gas, etc. see your tax preparer for addtn'l information)
Dates of Move ______
Date started in business______
Overnight travel information: ITEMIZE OVERNIGHT STAYS ACCORDING TO
CITY/STATE AND NUMBER OF NIGHTS IN EACH LOCATION. PUT IN DATE ORDER.
ATTACH ON SEPARATE SHEET.
Equipment Purchased or Converted to business use, include date of purchase or date of converting
Equipment to business use.