What Information Does RizBiz Services Need to Prepare a Business Tax Return?

Preparing an accurate, strategic business tax return requires a complete and organized set of financial information — and part of what RizBiz Services does for its clients is make this document collection process as simple and painless as possible. For business owners in Spring, Texas, Houston, Katy, Conroe, The Woodlands, and across the Greater Houston area, the specific documents needed depend on your business entity type and financial situation — but here is a clear, comprehensive overview of what RizBiz Services typically needs to get your business tax return done right.

Financial Records and Bank Statements

The foundation of any business tax return is accurate financial records — which is why clients who use RizBiz Services for monthly bookkeeping have a significant advantage at tax time. For new clients coming in for tax preparation without prior RizBiz bookkeeping, you'll typically need year-end bank and credit card statements, a profit and loss statement and balance sheet (if you have accounting software), documentation of all major income sources, and records of all business expenses including receipts for significant purchases. If your records are disorganized, RizBiz can also provide a bookkeeping cleanup service before preparing the return. Learn about the bookkeeping and tax preparation service.

Payroll, Employee, and Contractor Records

If your business has employees or contractors, you'll need payroll records, W-2s issued to employees, 1099-NEC forms issued to contractors, and quarterly payroll tax filing records (Forms 941, 940). For S-Corp owners, proper documentation of shareholder payroll is essential for accurate Form 1120-S preparation and IRS compliance. RizBiz Services manages payroll for many clients, making this data collection automatic for those in the full-service program. Explore the complete service menu.

Asset Purchases, Prior Year Returns, and Entity Documents

For a complete and optimized business tax return, RizBiz also needs records of any business asset purchases made during the year (for depreciation and Section 179 expensing), prior year tax returns, your business's EIN, and entity formation documents if it's a new client engagement. The more complete and organized your records, the faster and more accurately RizBiz can prepare your return. The RizBiz resources library includes guidance on document preparation for new clients. Read reviews, see pricing, and contact RizBiz Services today to get started.