Self-Employed Tax Return Checklist

Filing an accurate and complete tax return is always a challenge for self-employed taxpayers. Taxpayers must know all about the allowable deductions and expenses to minimize their tax payments. Use this checklist to prepare all necessary information for your tax return. Please contact us should have any questions related to your tax filing.

General Information

  • Copy of your previous tax return if you are a new client with us

  • Business name

  • GST/HST number

  • Business address

  • Business main product or service

Gross Business Income

  • Your total gross business income (net of GST/HST)

Business Expenses (net of GST/HST)

  • Purchase of materials

  • Subcontracts

  • Advertisement

  • Meal and entertainment

  • Bad debts

  • Insurance

  • Interest

  • Business tax, fees, licenses, dues, and memberships

  • Office expense

  • Office Stationery and Supplies

  • Professional fees

  • Management and administration fees

  • Rent

  • Maintenance and repairs

  • Salaries, wages, and benefits

  • Travel expense

  • Telephone and utilities

  • Internet

  • Delivery, freight, and express

  • Other expenses

Business-use-of-home expenses

  • Heat

  • Electricity

  • Insurance

  • Maintenance

  • Mortgage interest

  • Property taxes

  • Other expenses

  • Percentage of personal usage

Motor Vehicle Expenses

  • The kilometres you drove in the tax year to earn business income

  • The total kilometres you drove in the tax year

  • Gas

  • Interest if you are financing your vehicle

  • Insurance

  • License and registration

  • Maintenance and repairs

  • Leasing cost if you are leasing your vehicle

  • Other expenses (please specify)

  • Business parking fees

  • Supplementary Business Insurance

Assets used in your business

  • Vehicle

  • Computer

  • Equipment

  • Others

Submit

Be the first one who receives financial tips & insights!

© EZ Accounting Solution. All rights reserved. Powered by CANCO TECH.