services

sholes accounting offers accounting and tax services

Our Services

Tax Preparation in One Hour (for most clients)
Individual & Business Accounting & Tax Preparation
Full Service Payroll
IRS Authorized E-file provider
Business Accounting
QuickBooks Assistance
Corporate, Partnership, Estate and Trust Accounting and Tax Preparation
In Person or Phone Appointments Available

Phone appointment: Please have your tax information at our office three days prior to your phone appointment. You can upload, fax, mail or drop off your tax information to our office. Thank you. For your convenience, there is a secure drop slot located next to our entrance door.

You will need to complete a 2024 Tax Information Sheet for your appointment regardless of your appointment choice.

ITEMS INDIVIDUALS SHOULD BRING TO THE APPOINTMENT

Tax Information Sheet

Income:
Wage statements/W-2's & 1099's
Misc/1099K
Social Security Income - SSA 1099
Pension, retirement income/1099-R
Unemployment Income -1099G
Cancelled Debt Amount - 1099C
IRA contributions
Statement on sale of stocks/bonds - 1099B
Interest - 1099INT
Dividend - 1099DIV
Lottery/Gambling winnings/losses - W2G
State or City refund postcard - 1099G
Rental Income and expenses
Alimony paid or received

Expenses:
Medical & dental expenses
Real Estate and personal property taxes - current year
License plate fee
State or local taxes paid
Sales tax paid
Estimated taxes paid
Cash donations to a charitable organization
Non-cash donations - list of items & fair market value
Mortgage interest - 1098
Educator - classroom expenses
Tuition - 1098T and education expenses
Student loan interest - 1098E
Casualty or theft losses
Child care expenses and provider information

Other:
New dependents social security number & date of birth
Proof of health insurance - 1095A
Purchase of residence (if purchased in current year -
settlement statement
Sale of residence -1099S
*Unreimbursed employment-related expenses
*Job-related education expenses

How long to keep tax returns:
5 years. It can be longer for assets that aren't sold like stocks,
bonds, and property.

ITEMS BUSINESSES SHOULD BRING TO THE APPOINTMENT

Gross income

Cost of goods sold

Square foot of home

Ending inventory (at cost)

Office In The Home:

Square foot of home

square foot of dedicated office space

Interest paid on home

Taxes paid on home

Total utilities

Homeowners insurance

Repairs & maintenance

Total cost of home

Assets (items w/useful life of more than 1 year):

Description of item, date purchased and amount paid

Returns

Business Expenses:

Advertising, promotion

Auto expenses, mileage

Bank charges

Charitable contributions

Clothing, uniforms

Internet website hosting

Continuing education

Contract services

Delivery, postage, shipping supplies

Entertainment
Meals
Dues, subscriptions

Employee benefits

General business supplies

Insurance pertaining to business

Licenses, permits

Office supplies

Pension, profit sharing

Rent

Rentals on equipment

Repairs & maintenance

Taxes: State & local, property, payroll

Telephone expenses for business, land, cell

Travel, lodging

Utilities

Wages

How Long To Keep Tax Returns:
5 years= tax return. It can be longer for assets that
aren't sold like stocks, bonds, and property.
7 years= payroll

Our Services

SENDING DOCUMENTS TO SHOLES ACCOUNTING

DOCUMENTS INDIVIDUALS SHOULD BRING TO THEIR APPOINTMENT

DOCUMENTS BUSINESSES SHOULD BRING TO THEIR APPOINTMENT

ITEMS INDIVIDUALS SHOULD BRING TO THE APPOINTMENT

Please complete this 2024 Tax Information Sheet.

ITEMS BUSINESSES SHOULD BRING TO THE APPOINTMENT

Our Inquiry Form

A HELPFUL VIDEO EXPLAINING DOCUMENTS YOU NEED TO FILE TAXES

Thank you for visiting Sholes Accounting & Tax Services!