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Expenses Worksheet

Expenses Worksheet. Prepared By: I & S Tax Service LLC. Gross Receipts and Sales (Total income for this tax year) Returns & Allowances (Refunds to customers) Beginning Inventory (if any) (Always 0 in first year of business Purchase of items to resell as they are Personal Use Items

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Expenses Worksheet

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  1. Expenses Worksheet Prepared By: I & S Tax Service LLC

  2. Gross Receipts and Sales (Total income for this tax year) • Returns & Allowances (Refunds to customers) • Beginning Inventory (if any) (Always 0 in first year of business • Purchase of items to resell as they are • Personal Use Items • Cost of Contract Labor (No employee Wages) • Cost of Materials that went into your finished product • Ending Inventory BUSINESS INCOME & EXPENSES WORKSHEET

  3. Advertising • Bad Debts • Commissions • Medical Reimbursement Plan • Education Reimbursement Plan • Employee Reimbursements • Insurance (except Health, Home or Auto) • Interest (except Home or Auto) • Legal/Professional • Office Expenses • Pension Plans Business Expenses

  4. Rent of Vehicle/Equipment • Rent of Property (except Home) • Repairs & Maintenance • Supplies • Taxes & Licenses • Travel Expense • Meals & Entertainment (requires written backup) • Utilities (other then Home) • Phone (business only) • Wages (paid by business/w-2’s filed) • Other

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