10730 102nd Avenue North, Seminole, FL 33778

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TAX

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Tax Planning

Proactive tax planning maximizes the opportunity to increase the money you keep and decrease the amount you pay in tax. Tax planning includes projecting the business income and expenses for the year and running alternative scenarios to derive the best possible outcome for the business owner’s objectives.

Our Tax Preparation Guides

Business Tax Checklist

Business Expenses Checklist

Personal Income Tax

What Our Clients Are Saying

We were introduced to Andrea several years ago and at our first meeting she asked why our businesses were not set up as S Corporations. She explained that we were paying more tax as a Schedule C filer. Andrea prepared a tax projection showing what our tax would be as an S Corporation with a W2 Salary and we made the change to the S Corp. Our first year of filing with Accounting & Business Partners, we saved a substantial amount of tax. In addition to the S corporation change, they advised us to start a SEP IRA and a Health Savings Account to further maximize our tax savings and retirement options. The team at ABP goes the distance and looks at the entire picture. They give options and present the tax planning in a clear, concise manner so you can make an informed decision. We love working with the team at ABP! They are amazing!
– Jim & Tess Dalka

Tax Checklist

Business Tax Checklist
  • Sales receipts/invoices
  • Bank statements
  • Credit card statements
  • PayPal, Amazon purchase documents
  • Expense receipts
  • Vendor invoices and payments
  • Equipment purchases
  • New loans or financed purchases
  • Payroll documents
  • Mileage log
  • Home Office expenses
  • Sales Tax records
  • Any changes to company structure-ownership, corporate status

TIP-If you are unsure of your business tax filing form, contact your tax professional. Filing your taxes on the incorrect
form may cause your return to not be processed by the IRS.
DISCLAIMER-This checklist is not inclusive of every item applicable to your return. Contact a Certified Public Accountant
to assist you with your tax preparation and filing.
Contact the CPA’s at Accounting & Business Partners, LLC – 727-828-9945 or info@yourabpartners.com

Business Expenses Checklist
  • Cost of supplies
  • Cost of materials
  • Cost of items for sale (retail, food & beverage)
  • Gross wages paid
  • Employer taxes paid
  • Rent for office building
  • Utilities such as water and electricity
  • Internet and telephone
  • Office cleaning and supplies
  • Accounting or bookkeeping fees
  • Automobile expenses
  • Bank fees
  • Charitable contributions
  • Dues and subscriptions
  • Insurances-general and professional liability, workers comp, etc
  • Licenses and permits
  • Meals-Note-Meals with clients are deductible at 50%, while meals for staff meetings and travel are deductible at
  • 100%
  • Operating supplies
  • Real estate taxes for office building
  • Travel expenses
  • Advertising and marketing costs
  • Interest expense paid
  • Depreciation on equipment-usually calculated on tax return
  • Other industry specific expenses

TIP-The IRS requires actual receipts for expenses. Bank and Credit card statements are not enough to validate a
purchase. Keep the paper, organize by type month and year and file in a box with your tax returns and other financial
documents.
DISCLAIMER-This checklist is not inclusive of every item applicable to your return. Contact a Certified Public Accountant
to assist you with your tax preparation and filing.
Contact the CPA’s at Accounting & Business Partners, LLC – 727-828-9945 or info@yourabpartners.com

Personal Income Tax Checklist
  • W2 for you and your spouse
  • K1’s from business or partnership returns
  • Other income records-1099’s, SSA statements
  • Health savings account records
  • IRA and other investment records and statements
  • If filing as a sole proprietor, Schedule C business income and expenses
  • Real Estate income and expenses
  • Education records and statements
  • Childcare records and statements
  • Medical expenses
  • Mortgage interest and real estate taxes paid

DISCLAIMER-This checklist is not inclusive of every item applicable to your return. Contact a Certified Public Accountant
to assist you with your tax preparation and filing.
Contact the CPA’s at Accounting & Business Partners, LLC – 727-828-9945 or info@yourabpartners.com

Accounting & Business Partners LLC manages your tax, bookkeeping and payroll with a strategy to optimize your tax
position while maintaining compliance requirements.

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10730 102nd Avenue North, Seminole, FL 33778

P: (727) 828 9945

E: info@yourabpartners.com