Sole Proprietor Tax-Ready Business Expense Categories

Organize Your Business Expenses in Tax-Ready Categories (aka Chart of Accounts)

• An important reason to do your bookkeeping in organized, Tax-Ready categories is to help you file your annual income tax. With this in mind, set up your accounting “books” to match your tax return (Schedule C – Form 1040).

• We will use the IRS form as a basis to organize your Expense Categories. This way, when you submit your books to your CPA / tax preparer, it’s a big time saver. Your CPA will thank you and they may charge you less.

• BONUS QuickBooks Online Tax-Ready Chart of Accounts with instructions to upload to QBO.

• BONUS Tax-Ready Sole Proprietor Profit and Loss Statements in Excel format for those who don’t use QuickBooks Online or other bookkeeping software.