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XendooAccounting Organize Your Income Tax Forms Once and for All

Organize Your Income Tax Forms Once and for All

Want an easy way to make tax time less stressful? Have all your documents organized, accessible and easy to find all year round. When you sit down to fill out the return, all you have to do is plug in the numbers that are already at your fingertips.

Once upon a time, staying organized meant dealing with many bits of paper: adding them up, filing them, and trying to find them again later. Now, a cloud storage solution can eliminate all those hassles.

Xendoo offers its clients cloud storage space for uploading documents and sorting them by year. Looking at an online menu is a lot easier than digging through filing cabinets. Plus, it’s accessible from a computer or smartphone anytime, anywhere.

 

Go Paperless today ->
 

Business Tax Forms Checklist

Here are some of the most common documents small business owners need to complete their income tax return. Proof of income, such as Form 1099 or W2


 Proof of previously paid taxes, such as estimated quarterly tax
 Receipts for deductible business expenses such as telephone/ISP charges, travel expenses, professional and legal fees
 Receipts for deductible capital expenditures
 Receipts for depreciating equipment
 Deductible salaries and benefits paid to employees
 Receipts for home office expenses such as repairs and utilities
 Interest paid on mortgages, business loans, education loans and business credit cards
 Property insurance premiums
 Receipts for charitable contributions

 

Personal Tax Forms Checklist

If your business is registered as a sole proprietorship, partnership or limited liability company (LLC), you’ll probably use one return to report both business and personal income. Some of the items above can also be deducted from your personal income, such as mortgage interest and charitable contributions. In addition, you may be able to claim:


 Homebuyer tax credits
 Child care and education costs
 Medical expenses (if high enough to be worth itemizing)

 

Imagine having all this information just a click away. That’s how cloud storage saves you time and effort, not only in preparing this year’s income tax return, but also in checking and comparing the data from previous years’ returns.

If you’re not sure which small business tax forms you need, or want help clarifying your tax situation, don’t hesitate to contact a Xendoo tax expert. Along with professional advice, we’ll give you the peace of mind that comes with filing an on-time, error-free return. And that’s priceless!