While my accountant does a fine job on my taxes he is not knowledgeable about all my various online income streams. I on the other hand know very little about accounting. So each year I fill in the list below to give to him (most numbers are just pulled from Go Daddy, Inventory Lab, etc). I also give him the printouts from all the inventory & accounting programs but I like to attach the list below as well. I often miss something here or there and he asks me for it, but this at least keeps me organized and on track. However, please consult your own accountant.
IRA Roth Fund/Retirement/Savings Contributions
Health Insurance Premiums
Mortgage Payments
Mortgage Interest
Total Utilities (Gas + Electric + Trash Disposal, etc) - a % is deducted for a Home Office
Car Payment on Business
Total Business Mileage Driven (apparently you can either deduct mileage OR something to do with your vehicle depreciation, payments, repairs, etc. I give him all the numbers and he chooses the largest of the 2 deductions as I'm told you can only take one)
Home Office Deductions – Total square footage is given - 15% is claimed for home Business
Home Updates Affecting Home Office (including those to make the home more energy efficient)
Charitable Donations
Other Expenses and/or deductions
Smart Phone
Internet
Paypal Fees
Etsy Fees
Bonanza Fees
Amazon Fees
Ebay Fees
Shipping Fees (including prep service fees)
Supplies/Office/Equipment
Office Expenses (Business Courses, Software, VA Expenses, Subscriptions)
Business Credit Card Interest
Customer Returns
Business Insurance
Meals & Entertainment
Vehicle Maintenance
Sales Taxes Paid
State & Federal Taxes Paid
Accountant Fees
Cost of Goods Sold
Gross Income:
Amazon Sales
Ebay Sales
Bonanza Sales
Etsy Sales
Book Royalties
EPS Proceeds
Merch by Amazon Proceeds
Affiliate Marketing Proceeds
Sales Tax Refunds
Cashback Sites Checks
Value of Inventory Still in my Possession
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