Business Income & Expense Organizer

  • Business Income & Expense Organizer

  • Date of Birth
     - -

  • BUSINESS INFORMATION

  • Format: (000) 000-0000.
  • Do you have an EIN (Employer Identification Number)
  • Do you have an LLC?
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  • Would you like us to assist you with applying for an LLC?
  • Do you operate your business from home?
  • Business Formation Date
     - -
  • Did you materially participate in this business in 2025?
  • Did you pay Estimated Taxes related to this business?
  • Did you pay for an insurance plan in 2024, established under this business to provide health insurance for yourself, employees, your spouse, and/or dependents?
  • Did you make any contribution to a self-employment retirement plan such as Keogh, SEP or SIMPLE plan?
  • Do you have (W-2) Employees?
  • Do you have (1099-MISC) Independent Contractors?
  • Is this the first time you will file taxes for this business?
  • Do you use a portion of your home for business?
  • Will you depreciate any business assets?
  • Do you need assistance with Bookkeeping?

  • PREVIOUS TAX RETURN

    Please upload your previous tax documents below.
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  • BUSINESS INCOME

  • Please select which forms and/or documents you can provide to show proof of business income earned during the tax year.
  • Do you track inventory?

  • 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 indispensible to be considered necessary.

    To file with New Wave Tax Academy, you need to have a breakdown of your deductible business expenses subtotaled by category.

    *** If you have a collection of reciepts to organize and/or bank and credit accounts to reconcile, we can assist with these activites, however these acrtivites are not part of tax preparation and are considered bookkeeping. Bookkeeping fees are charged in addition to tax preparation services.

  • 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.

  • 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 can not 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's standard mileage rate of 67 cent per mile for 2024 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 unsure how to calculate your total, contact our office.

  • Date you placed your vehicle in service for business purposes.
     - -
  • Do you or your spouse have another vehicle available for personal use?
  • Was your vehicle available for personal use during off-duty hours?
  • Do you have written evidence to support your business vehicle use?
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  • ATTESTATION

  • By signing below you are attesting that the personal and financial information provided to New Wave Tax Academy 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 New Wave Tax Academy 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 New Wave Tax Academy and the preparer of any error due to incorrect information provided by me.  

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