INCOME AND EXPENSES
BUSINESS
INCOME
What is your total income for the year? Please add all of your income for the year, based on your records,
including total bank deposits_______________________ (please include all sales taxes collected).
Please provide a copy of your annual Profit & Loss (P&L) Statement if available. Provide all copies of
1099-MISC forms.
COST OF GOODS SOLD
st
Cost of goods in inventory as of January 1
of the year________________________
Total purchases for the year______________________
st
Cost of goods left in inventory as of December 31
of the year_____________________
Other expenses related to goods sold: _________________________________________
EXPENSES- Please add all of your expenses for the year in the following categories:
Accounting/Bookkeeping_____________
Advertising/Promotion (website, business cards, flyers, etc.) _____________
Bank Charges/Merchant Account fees/Credit Card processing fees__________
Business Insurance____________
Car and truck expenses – actual operating expenses or the “cents per business mile” method. (See
separate worksheet)
Cell phone service total for the year_______________ Cost of phone and accessories____________
Cleaning and janitorial__________
Commissions/Contract Labor/Outside Services (If you pay more than
$600
in a calendar
year
you must
st
issue a 1099-MISC to each person/company paid by Jan 31
and to the IRS by Feb 28th)
__________________________
Computer, laptop, iPad expenses, including software, anti-virus programs, etc. __________
Conventions/Trade Shows__________
Delivery/Freight__________________
Dry Cleaning/Laundry__________
Dues/fees/memberships__________
Equipment Rental______________
Education/Seminars__________
I verify that I have accurate books, records and documentation to support the income and expenses
listed.
Signed: ___________________________________ Date: _________________________