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karenmimi

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Posts posted by karenmimi

  1. 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 Income

    Expenses:

    Mileage

    Advertising

    Insurance (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 & Delivery

    Cell Phone (% of business use)

    Travel expenses (meals, lodging, etc.)

    Contract Labor (if you hired outside help)

    Taxes and Licenses

    Dues & Subscriptions

    Repairs & Maintenance

    Assets purchased: Equipment, Computer, etc.

    (Hope this helps - you might have more - just doing this off the top of my head!)

    Karen

  2. Sheri - the Accountant's version allows for all types of industries and business types; however, it is very costly - actually it is Enterprise Solutions: Accountant's Version. I use it because I also own a bookkeeping and tax business, and use it as well for my candle and soap business.

    QB Pro/Premier will do a great job.

    There is actually a QB Premier: Manufacturing & Wholesale Edition for about $400.

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