• Tax: Business Tax Questionnaire

  • Business Questionnaire

    This questionnaire will provide our team important information about your business for the purpose of preparing your tax return.

    Please review and complete ALL QUESTIONS as accurately as possible. The information you provide will impact your final tax result.

    Estimated time to Complete: 10 - 25 minutes 

  • NOTE: You will have the opportunity to upload all of your tax documents after you submit your questionnaire. We ask you to use **Insert Firm Upload method** to upload any documents to our office.

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  • Understanding your Form Navigation:

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  • General Business Questions

  • Please provide us with a copy of the Sales & Use Tax Return you filed in 2024

    You can add this to your document uploads after you compete this questionnaire.

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  • Payroll / Wages

  • Thank you! No additional documents needed!

    Since we process your payroll, we currently have everything we need for your year-end payroll documents. No further action on this item is needed. No payroll uploads are necessary.

  • We will need copies of your Quarterly Payroll Tax Forms!

    You will be able to upload these after you submit this questionnaire. This should include all four quarterly payroll tax forms and all W-2/W-3 forms.

     

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  • Sale/Disposal of Business Assets

  • List of Business Assets:

    Please review the depreciation detail report of your prior-year tax return to make sure we have the correct assets associated with the business. This report is found in your prior-year tax return copy.

    The depreciation detail will show all of your business assets, date in service, and prior depreciation taken.

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  • Business Retirement Accounts

    Questions related to retirement accounts
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  • Business 1099 Reporting

    For 1099's received and issues from your business

  • If Yes - Please provide the following for 2024

    • Copies of all 1099's for income earned
    • Any commission detail or income earned statements
    • Any additional statements of income earned

  • If Unsure - Review the following

    • Please check your files and make sure you upload any copies of 1099's you have received

  • Not sure who gets a 1099?

    IRS Requirements for 1099 reporting: Please review this information regarding 1099 filing needs:

    Click to view additional 1099 information: Click Here

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  • Business Income/Expense Reporting

    Relating to systems you use for gathering data

  • Our Firm is Engaged to prepare your Books:

    Thank you! No additional action needed!

    Since we manage your books, we have everything we need at this time. If we need additional details our firm will reach out.

  • You have a QuickBooks Online account:

    Make sure your file is TAX READY!

    Be sure all business accounts are updated and reconciled through December 31st, 2024.

  • You have a QuickBooks Desktop file:

    Items our firm will need:

    • Updated & Reconciled file: Be sure all business accounts are updated and reconciled through December 31st, 2024
    • File type to send: Our firm will need an Accountant's Copy of your books.

  • You have an Excel file:

    Items our firm will need:

    • Copy of Excel Workbook - You can upload the entire file
    • Copies of 1099/1098 forms issued to the business

  • You need a Business Tax Organizer:

    Contact our firm for a Business Tax Organizer or to discuss additional choices for submitting your books.

  • You have selected Other Accounting System:

    Items our firm will need:

    • Business Profit & Loss Statement
    • Business Balance Sheet
    • Detailed General Ledger
    • Copies of 1099/1098 forms issued to the business
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  • Are your Books TAX READY?

    Complete the questions below about your income/expense data

  • Getting your Books Tax Ready!

    In completing your taxes, one of the first things we need is good data. This will ensure your best end result!

    • Since you are providing your own income/expense data to us, we need to ensure your data meets our required standard for your tax return filing.
    • Incomplete books or inaccurate data adds to your preparation time and WILL add more cost in preparing your tax return.
    • Please Read and Review the following SEVEN statements about your books before sending your documentation.
    • If your books do not meet the standard that is required by the IRS for us to proceed, we will request that you correct necessary items before proceeding.

    Seven things needed to get your books TAX READY

    1. Transactions Entered
    2. Identifying questions to ask your Accountant - Ex. Classifying a specific transaction
    3. Payroll Reporting
    4. Business Accounts
    5. Personal Expenses
    6. Deposits vs. Income Verification
    7. Equipment Purchases

  • Great Job! You are Tax Ready!

  • NOTICE: You are NOT currently Tax Ready!

    You've indicated an answer other than "Yes" in at least one of the seven questions above. Please review the necessary steps in order to be Tax Ready.

    You can complete this questionnaire and submit. Please note your books will need to be Tax Ready for us to start your tax preparation process. 

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  • IRS Requirements for Expenses: Cell Phone

  • Cell Phone Expense Reporting

    The IRS requires some additional details about your cell phone expense.

    • Family Plans: If the business pays the cell phone expense, you will need to make a NON-DEDUCTIBLE allocation for the family use of this plan. Use the box below for your entry.
    • Personal Use: If you do not have an additional phone line (landline) or separate cell plan for personal use, the IRS requires you to allocate a percentage to personal use of your total cell phone expense. Use the box below for your entry.
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  • IRS Requirements for Expenses: Internet

  • Internet Expense Reporting

    The IRS requires some additional details about your home internet expense.

    • Personal Use: Internet used at your home can be a percentage business deduction, assuming business use. However, the IRS will require you to make an allocation for personal use as well. A time allocation of business vs. personal would be appropriate.
    • Bundled Plans: If you have your internet Bundled with other services you will need to break out the cost of the internet as a separate expense.
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  • IRS Requirements for Expenses: Meals

  • Meals Expense Reporting

    Please note the following about your meals expense reporting:

    • Business Meals: Generally are 50% deductible
    • Entertainment: No deduction
    • Office Party Meals for Employees: Generally are 50% deductible
    • Open House Food: Generally are 50% deductible
    • Client event with Marketing Presentation: 100% deductible
    • Client event - no presentation: No deduction

  • Auto Expense Questionnaire

    • All business auto questions/expenses will be reported on the Tax: Business Auto & Home Office Questionnaire.
    • The link to this form will be available after you click SUBMIT ANSWERS to this form.
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  • You are almost there...just a couple more steps!

    1. SUBMIT YOUR ANSWERS!

    If you are complete, click on the SUBMIT ANSWERS button at the bottom of this page. Your answers will be automatically provided to our office. Do this before the next step!

    2. UPLOAD YOUR DOCUMENTS

    After you click SUBMIT ANSWERS, you will be prompted to upload your documents. Our firm Best Practice is to upload as many of your documents at one time as possible.

    3. NEED OTHER TAX QUESTIONNAIRES?

    Links to all other tax questionnaires you may need will be available on the next page after you click submit.

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