Profit & Loss Intake

Profit & Loss Intake Form

Sole Proprietor, Limited Liability Company
What tax year is the form for?
Name

First NameLast NameSuffix
What is your business Legal Name?
What is your business EIN or SSN?
Business Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Business Phone Number
Please enter a valid phone number.
Business Email
example@example.com
Select your formation of your business.
What type of business do you have?
Provide a description of the services and/or products that your provide!*
Did you materially participate in this business during the tax year?

YesNo
Did you pay Estimated Taxes related to this business?

YesNo
Do you have (W-2) Employees?

YesNo
Do you have (1099-NEC) Independent Contractors?

YesNo
Do you use a portion of your Home for Business?

YesNo
Are you in need of additional Business Capital?

YesNo
Are you interested in Building Business Credit?

YesNo
Will you depreciate any business assets?

YesNo
Is this your first time filing taxes for this business?

YesNo
Which accounting method do you use?
Business Income
Total Gross Income
This is the total of all monies received (sales) from your business activities. This does not include any money received from business loans, investors (including you, the owner), or the sale of fixed assets (like old equipment). It does include 1099-NEC income. NOTE: Do not count sales tax you collected and paid to the state as income or expense.
Total Other Business Income
By law, you are required to keep adequate records. What type of records do you maintain to verify business income and expenses (Select all that applies)*

1099-NEC1099-KBank StatementsThird Party Payment Processors Statement (CashApp, PayPal, Stripe, ect..)Profit & Loss StatementReceipt BookSelf-prepared statement of income receivedOther
Do you track inventory?

YesNo
Total Cost of Goods Sold
This is includes: 1. Purchases of inventory 2. Purchases of materials, parts, ingredients, or other supplies directly used in producing or procuring your product; and 3. Packaging or shipping expenses, when not paid by customers or accounted for elsewhere. The value of any year-end inventory will be subtracted from the costs you paid out over the year; if you had inventory left at year end, list that amount.
Business Expenses

To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense is one that is helpful and appropriate for your business. An expense does not have to be indispensable to be considered necessary. To file with Pendleton Quick Tax Services, you need to bring a breakdown of your deductible business expenses subtotaled by category. ***If you have a collection of receipts to organize and/or bank and credit accounts to reconcile, we can assist with these activities, however these activities are not part of tax preparation and are considered bookkeeping. Bookkeeping fees are charged in addition to tax preparation services.
Advertising
Website, domains, marketing material, post cards, etc.
Commission and Fees
Contractor Labor
How much did you pay others that you do not consider an employee
Employee Benefits
Including health insurance you paid for your employees
Insurance
Business Insurance
Mortgage Insurance
For business property
Loan Interest
For business loans only
Legal and Professional
Fees paid for tax preparation, an accountant, or and attorney related to your business
Office Expenses
Office supplies and postage
Continuing Education Expenses
Rent Machinery / Equipment
Did you rent any items for your business, if so, what was the cost?
Rent / Lease Property
What was the total amount that you paid for renting or leasing a space
Repair
What is the cost of repairs for your property such as painting, or updating the space
Supplies
Taxes and Licenses
Travel (not including meals)
Meals
Utilities
For your rental / lease space
Wages
Uniforms
Other Business Expenses (If you have other business expenses that do not appear to fit in any of the expense categories listed above, please list them below individually with the amount).
CAR & TRUCK EXPENSES

You may deduct car/truck expenses for local or extended business travel,
including:

• between one workplace and another,
• to meet clients or customers,
• to visit suppliers or procure materials,
• to attend meetings,
• for other ordinary and necessary managerial or operational tasks or needs of your business.

Note: You cannot deduct the costs of driving your car or truck between your home and your main or regular workplace. These costs are personal commuting expenses. You should have kept a record of your business-related mileage over the year. We will use the IRS standard mileage rate 70.0 cent per mile until December 31, 2025 for your deduction of business-related travel. This rate accounts for gas, repairs, maintenance, depreciation, and auto insurance (but not interest on a car loan). If you do not have a record of mileage or are unsure how to calculate your total, contact our office.
Date vehicle was placed in service for business purposes

MonthDayYear
Date
Make an Model of Vehicle
Vehicle Type
Do you (or your spouse) have another vehicle available for personal use?

YesNo
Was your vehicle available for personal use during off-duty hours?

YesNo
Do you have written evidence to support your business vehicle use?

YesNo
Business Mileage
If you claiming mileage, we will calculate the dollar amount. You must keep a mileage log in case of an IRS audit. If you are claiming mileage, you can not claim any other expenses for your vehicle
Commuting Mileage
Total Other Mileage
DEPRECIATION

If you have business assets already partially depreciated, you must provide a depreciation schedule from your prior year tax return.
Do you have prior year depreciation and new assets to depreciate for the tax year?

PriorNewBoth
New Asset to Depreciate
Date Placed in Service

MonthDayYear
Date
Equipment Amount
Is there anything else you would like to share with us about your business? (additional assets to depreciate, type of asset, purchase date, date place in service and amount of purchase).
ATTESTATION

By signing below you are attesting that the personal and financial information provided to Pendleton Quick Tax Services is true and accurate. The information listed on the Small Business Income & Expense Organizer is the information that (I/WE) gave to the paid tax preparer to complete the return. I release the tax preparer from any negligence or responsibility pertaining to this return.

I acknowledge that all information provided to Pendleton Quick Tax Services is true and accurate to the best of my knowledge. I understand that I am required to have any supporting documentation to validate the information provided. Furthermore, I understand that knowingly providing false information on my tax return and reporting it to the IRS, that I am taking part in a potentially criminal penalty situation and is punishable by law including but not limited to: facing court dates, restitution, and possible imprisonment. I waive Pendleton Quick Tax Services and the preparer of any error due to incorrect information provided by me.
Signature*

Clear
Date*

MonthDayYear
Date
Should be Empty:

Profit & Loss Intake Form

Business Income

Business Expenses

DEPRECIATION