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Monday, March 6, 2017

Small Business Deduction Sheet

So after scrambling through my first set of taxes for my small business I decided to make it easier on myself going forward by looking for an expense sheet that specifically lists the deductions I need to record.

Naturally I went to good ole Pinterest to try to find something that may already be in circulation, however the sad reality was that no one had seem to do one exactly how I was hoping to find.
There was a few options with a few expenses but I knew I wanted something that looked like it came straight from my Nova Scotia tax form! So I took the liberty of making my own, using expense list right off my 2016 finished tax return.

Now full disclosure with this is I'm not so good when it comes to making tables, so it's fairly basic with a kitty to give it some personality! I now have 12 printed out and I'm ready for the next year! I have 2 columns for numbers on the chart to get an idea of each month's expenses and how much of it I can claim. I am home based and I use 2 rooms in the house to fill the needs of the business. So naturally I know I can't exactly deduct my cable bill! But my internet bill can definitely be shares with the business!



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