diamondk Posted February 27, 2007 Share Posted February 27, 2007 What information do you need to take with you for this? I only have 4 months of last year with my business so I am very new to this. You may pm me or answer here. TIA Quote Link to comment Share on other sites More sharing options...
Raggedy Dani Posted February 27, 2007 Share Posted February 27, 2007 If you went there last year, they usually have it in the computer already.All u need is last year info, what ya made and stuff the regular stuff. lolHTHDanips. Mom works and supervises H R Block. Quote Link to comment Share on other sites More sharing options...
diamondk Posted February 27, 2007 Author Share Posted February 27, 2007 If you went there last year, they usually have it in the computer already.All u need is last year info, what ya made and stuff the regular stuff. lolHTHDanips. Mom works and supervises H R Block. No I didn't go there last year. I just started my business in August timeframe and I had moved back here in February. I didn't sell anything last year so all I have is inventory. So do I take my inventory list with me? Then what else business wise do I take? TIA Quote Link to comment Share on other sites More sharing options...
karenmimi Posted February 27, 2007 Share Posted February 27, 2007 For a Sch. C, you should give your tax preparer (and I wouldnt recommend the "Green Block" - they charge entirely too much) some of the information as follows:Total IncomeExpenses: Mileage AdvertisingInsurance (such as liability)Professional Fees (legal and accounting)Supplies (in QuickBooks - I break mine out as Candle Supplies, Soap Supplies, Office Supplies, General Supplies, etc.)Postage & DeliveryCell Phone (% of business use)Travel expenses (meals, lodging, etc.)Contract Labor (if you hired outside help)Taxes and LicensesDues & SubscriptionsRepairs & MaintenanceAssets purchased: Equipment, Computer, etc.(Hope this helps - you might have more - just doing this off the top of my head!)Karen Quote Link to comment Share on other sites More sharing options...
macyboutique Posted February 27, 2007 Share Posted February 27, 2007 I have used Block in the past but I just finished taking the tax course through them for my own personal business and I am working pt for them now. Talk to someone at H&R, explain to them your situation and they can tell you what all you need. You don't want to be using forms that you do not need b/c that is a charge for every form you use. You did not make any wages so that will not be against you as for as earned income is concern. As a matter of fact we just did a schedule c class last night. zeverything that Karen mentioned take it with you, but you can call and ask questions. Quote Link to comment Share on other sites More sharing options...
diamondk Posted February 27, 2007 Author Share Posted February 27, 2007 Thanks everyone for your help. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.