Prepare Your Business Books with Our Tax Checklist

Fill out the form on this page to download The Small Business Checklist for Saving Money on Taxes.

Ready to save money on taxes?

Tax planning is the key to success—or in this case, the key to saving money on taxes.

Your bottom line is what defines your taxable income for the year. This handy checklist helps you estimate that taxable income by identifying which business activities you should track year-round to prepare for tax season.

Use this checklist to determine transactions that count towards your net income, as well as identify activities that you can claim as deductions to lower your tax responsibility for the year.

Get organized with the following:

  • Pull together all of the income you’ve received over the year to form a starting point for determining your tax liability
  • Aggregate your total expenses like transportation and travel or employer and payroll
  • Recommendations for keeping pristine records to make your tax process smooth and easy

R&D Offer Quiz

Step 1 of 3

Answer to find out if you're eligible for R&D tax credits.

Do the activities performed relate to a new or improved business component’s function, performance, reliability, quality, or composition?(Required)
For Example: A mid-sized packaging company develops a slightly modified cardboard box design to improve its stacking strength (reliability) for warehouse storage, involving minor adjustments to the corrugation pattern to reduce collapse under standard weight loads.
Is your company trying to discover information to eliminate uncertainty concerning the capability or method for developing or improving a business component?(Required)
For Example: A furniture manufacturer investigates whether a cheaper wood adhesive can hold joints as effectively as the current one during assembly, testing bond strength to resolve doubts about its capability in standard production lines.
Do the activities performed constitute a process of experimentation?(Required)
For Example: An auto parts supplier runs a series of bench tests on different lubricant formulations to find one that reduces friction in engine bearings more effectively, systematically comparing wear rates over simulated operating cycles.