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Income

Receipts from sales or services
Sales records (for accrual based taxpayers)
Beginning inventory
Year end inventory
Business checking and savings account interest
Transportation and Travel Expenses
Receipts for public transportation, parking etc.
Business airfare or mileage, Hotels, Meals and tips, Internet connection, Advertising...
Subcontractor Commissions
1099-MISC and 1096 as necessary

Depreciation

Cost and acquisition date of assets
Sales price and disposition date of any assets

Fringe benefits

Employer-paid pension/profit sharing contributions
Employer-paid HSA contributions
Employer-paid health insurance premiums
Cost of any other fringe benefits

Business Expenses

Business insurance
Casualty loss insurance
Errors and omissions
Office supplies
Pens, paper, staples, etc.
Other consumables
Interest expense
Mortgage interest on building owned by business
Business loan interest
Legal fees
Rent expense - Office space rent
Business-use vehicle lease expense
Form W-2 and W-3 Federal and state payroll returns
Repairs, maintenance of office facility, etc.
Wages paid to employees

In-home-office

Square footage of office space
Mortgage interest or rent paid
Utilities

Organizing and preparing throughout the year will insure that your properly prepared to take advantage of any tax breaks you can once it's time to file your return.

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