Business Income & Expense Worksheet

The Accounting Office of Lauryn Charles, MBA EA

461 E Hillsboro Blvd Ste 200, Deerfield Beach, FL 33441 t: 954-933-1558 f: 888-680-8909
www.AFSGConsulting.com
Schedule C Business - 2020 Tax Year

Income & Expense Worksheet
TO SAVE OR SUBMIT CHECKLIST- The bottom of this form allows you to save a draft and/or submit when complete. You can also print using your web browser's print option.
Business Name
FEIN
If applicable
Owner Name *

First Name Last Name
Email *
example@example.com
Business Address

Street Address

Street Address Line 2

City State / Province

Postal / Zip Code
1. REVENUE - Please include amounts from Forms 1099-NEC, 1099-Misc and Forms 1099-K (gross credit card sales) received. Also, income received, but not reported on Form 1099.
Round to the next dollar.
2. Brief Description of Business:
3. Business Industry & Products or Services?

Industry Products/Services
4. During 2020, did your business purchase new or used equipment, computers, machinery, furniture, vehicles, vessels, or make major improvements to any of these?

Yes, be sure to list these purchases separately in Question 6. No.

5. EXPENSES - Use these Categories as a Guide. In the table below, provide the total spent per category for the tax year if applicable. Do not use “Misc”. Add additional lines if needed. Do not list any personal expenses. Any major purchases of capital assets (computers, office furniture, etc.) or leasehold improvements (office painting, flooring, electrical work, etc.) over $500.00 must be listed separately with a description and date of purchase in Question 6 below.

Jan - Dec 2020

Direct Materials (COGS)

Direct Labor (COGS)

Inventory Purchased (COGS)

Advertising and Promotion

Automobile Expenses - See Worksheet

Bank Service Charges

Business Licenses and Permits

Charitable Contributions

Client Gifts ($25/gift)

Computer & Internet Expenses

Continuing Education

Dues and Subscriptions

Equipment Rented

Insurance - Liability

Insurance - Health for Employee

Janitorial

Meals - Businses Meals Only

Office Expenses/Office Supplies

Payroll Wages

Payroll Taxes

Payroll - Employee Benefits

Postage and Delivery

Printing and Reproduction

Professional Fees

Rent- Office

Samples (Product)

Small Tools & Equipment

Subcontractor Expense

Supplies

Telecommunications

Telephone Expense

Travel

Uniforms

Utilities

Website

Other

Total Expenses

6. Please list business assets put in service in 2020 below.

Name of Item

Type of Asset

Date Purchased

Date in Use/Completed

Total Cost

SCHEDULE C UPLOADER - Upload your supporting documents here. For vehicle purchases and expenses, use the vehicle worksheet below. Upload receipt or bank or credit card statement for proof of all other major purchases.

Browse Files
Business Income & Expenses for 2020 Cancel of

Business Use of Automobile Worksheet
This section is to assist business owners in calculating their business use of their personal automobile.
Fill in worksheet and we will
calculate the deduction for you.
This worksheet is for personal
automobiles used in and/or paid
for by your business. For 2020,
the business mileage deduction
is 57.5 cents per mile.

VEHICLE INFORMATION

Vehicle 1

Vehicle 2

Make & Model

Date placed in service

Type of Vehicle (Sedan, Truck, SUV, Hybrid, or Plug-in)

Total Number of Miles Driven in 2020

Of the total, how many Business Miles Driven

Of the total, how many Commuting Miles Driven

Of the total, how many Other Personal Miles

Personal Use * Answer all 3 questions

Vehicle 1

Vehicle 2

Is another vehicle available for personal use?

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

Was the vehicle used primarily by an owner or related person?

Actual Expenses

Vehicle 1

Vehicle 2

Gasoline, Oil, Repairs, Car Insurance, etc

Vehicle Registration & Licenses, (excluding property taxes)

Vehicle Lease Payments (total paid in the tax year)

Parking Fees & Tolls

Vehicle Purchase Info - for owners not lessees.

Vehicle 1

Vehicle 2

Date of Original Purchase

Original Purchase Price

Previously Depreciated Vehicle? Type Yes or No

Previously used mileage deduction? Type Yes or No

NOTES & UPLOADER
NOTES TO YOUR ACCOUNTANT:
Additional Files, or Single PDF for all Documents

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Misc. Tax Records Cancel of
Thank you for your business!

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The Accounting Office of Lauryn Charles, MBA EA

Schedule C Business - 2020 Tax Year