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
Small Business Worksheet - 2024 Tax Year

For Schedule C and Small Businesses
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 NameLast Name
Email
example@example.com
Business Address

Street Address

Street Address Line 2

CityState / 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?

IndustryProducts/Services
4. During 2024, did your business purchase new or used equipment, computers, machinery, furniture, vehicles, vessels, or make major improvements to any of these?

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.

Rows	Jan - Dec 2024
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
Other

Total Expenses
Estimated Net Taxable Income (before depreciation)

6. Please list business assets put in service in 2024 below.

Rows	Name of Item	Type of Asset	Date Purchased	Date in Use/Completed	Total Cost
1
2
3
4
5

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 2023 Cancelof

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 2024,
the business mileage deduction
was 67 cents per mile.

VEHICLE INFORMATION

Rows	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 2024
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

Rows	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

Rows	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.

Rows	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 TO YOUR ACCOUNTANT:
Additional Files, or Single PDF for all Documents

Browse Files
Misc. Tax Records Cancelof
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The Accounting Office of Lauryn Charles, MBA EA

Small Business Worksheet - 2024 Tax Year