CS Accounting

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All Downloads in Business Related Brochures

Business Entity Comparison Chart

The charts on this brochure compare and contrast accounting and recordkeeping, fringe benefits, and liabilities of the various business entity types. – Download PDF

Business Entity Pros and Cons

This brochure gives a listing of pros and cons for the various types of business structures. It also provides examples of types of businesses that are good fits for each entity type. – Download PDF

Business Expenses Worksheet

This brochure provides a simple worksheet for business owners to track expenses. It can be used as a ledger or as a summary for business owners to complete and provide to their tax preparer. – Download PDF

Business Financing - Don't intermingle Funds

This brochure explains the problems that occur when business owners intermingle business funds with their personal funds. Court case summaries provide a warning to business owners as to the problems that can occur. – Download PDF

Business Management Tips

This brochure has tips on starting and maintaining a business. – Download PDF

Business Owners - Taking Money Out of a Business

This brochure discusses the tax consequences of removing money from a business. The tax implications of wages, guaranteed payments, and dividends are explained. – Download PDF

Business Use of Home

This brochure outlines the expenses that are deductible for business use of the home. The use of the home for day care facility is also highlighted. – Download PDF

Buy-Sell Agreements

Buy-sell agreements are usually part of a succession plan put in place to protect the financial interests of the owners of closely held companies and their heirs and to protect the company’s stability in case of a major event. РDownload PDF

Corporation Meeting Requirements

This brochure provides guidance on what to do to maintain corporate tax filing status. It lists the requirements of all corporations and provides an outline of how to comply with those requirements. – Download PDF

Day Care Providers Income and Expenses

This brochure provides guidance on recordkeeping of income and expenses for day care providers. It also provides information for calculating the business use of the home for day care providers. – Download PDF

Employee or Independent Contractor

This brochure discusses the factors used in determining whether someone is an employee or an independent contractor. It also provides information on how to report the incorrect treatment of an employee as independent contractor. – Download PDF

Estimated Taxes

This brochure defines the requirement to pay taxes through withholding and/or estimated payments. It includes estimated tax payment due dates. – Download PDF

Farm Inventory and Accounting Methods

Should I use the cash, accrual, or a different accounting method? – Download PDF

Farm Vehicles and Fuels

This brochure provides a method for farmers to keep track of fuel expenses and explains the requirements for claiming fuel tax credits and refunds. – Download PDF

Form 1099-MISC, Miscellaneous Income, Reporting

If you makes payments in the course of your trade or business you may be required to report on Form 1099-MISC. – Download PDF

Form W-9

Request for Taxpayer Identification Number and Certificate. – Download PDF

Fringe Benefits

This brochure highlights the benefits and uses of fringe benefits. – Download PDF

Health Care Reform - Cost-Sharing Reduction and the Premium Tax Credit

This brochure provides information on the subsidy for individuals with high-deductible health insurance plans and how to apply for the subsidy. – Download PDF

Health Care Reform - Employer Insurance Requirement

This brochure describes the employer requirement to provide health insurance including the penalty for employers who do not offer coverage. – Download PDF

Health Care Reform - Health Insurance Marketplace

The Health Insurance Marketplace helps uninsured people find health coverage. – Download PDF

Health Care Reform - State Health Insurance Exchanges

This brochure explains how the state health insurance exchanges operate and how to apply for coverage. – Download PDF

Hobby vs. Business

This brochure explains the deduction limitation for activities that are considered a hobby and lists the factors that may determine whether an activity is a hobby or a business. – Download PDF

Inventory/Cost of Goods Sold

This brochure describes when inventory accounting is required, expenses included in the cost of goods sold and inventory valuation methods. – Download PDF

Limited Liability Companies (LLCs)

This brochure explains how an LLC operates and how to form an LLC. Information is also provided on the classification of an LLC which will determine the proper tax filing for the LLC. – Download PDF

Marketing Your Business

This brochure provides some tips on marketing a business and promoting the products and services of the business. – Download PDF

Mileage and Expense Log

The log provides a worksheet for taxpayers to track mileage and expenses and discusses the tax deductibility of those miles and expenses. It also provides the entries needed to be compliant with IRS regulations. – Download PDF

On-Demand Drivers

This handout contains information for on-demand drivers, such as Uber or Lyft drivers, on tax reporting of income and expenses. Included is guidance on additional expenses that may be tax deductible. – Download PDF

Partnership

This brochure provides a description of how partnerships work and explains the tax reporting requirements of the partnership and its partners. Advantages and disadvantages of a partnership are also discussed. – Download PDF

Recordkeeping for Tax Purposes

This brochure explains the type of records which should be kept and the retention period of those records. The information is beneficial for recordkeeping of individual tax records and also for recordkeeping of business tax records. – Download PDF

Rental Real Estate Professionals

This brochure discusses the special rules that apply to real estate professionals in the rental business. – Download PDF

Repairs vs Improvements

This brochure provides information which will help determine whether a current business deduction can be taken for expense incurred on business assets, or whether the expense must be capitalized and depreciated. – Download PDF

S Corporation

This brochure explains what a taxpayer needs to know about S corporations, including the business formalities and tax filing. It includes a comparison of the advantages and disadvantages of an S corporation. – Download PDF

Self-Employment Tax

This brochure discusses who pays self-employment tax for Social Security and Medicare. – Download PDF

Short-Term Rentals

This brochure contains information for taxpayers who rent out their home, a room in their home or a vacation home. Included is guidance on tax-free rental use and when substantial services are provided. – Download PDF

Small Businesses Health Care Tax Credit

This brochure explains what the tax credit is and provides a worksheet to calculate the premium amount eligible for the credit. – Download PDF

Starting a Business

This brochure provides guidance on establishing a business and provides an outline for creating a business plan. It is also helpful in creating a personal financial statement. – Download PDF

Tax Cuts and Jobs Act - Corporations

This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on changes corporate clients are likely to be interested in. Corporate information includes the new corporation tax rates, alternative minimum tax, accounting methods, and S corporation conversions to a C corporation. – Download PDF

Tax Cuts and Jobs Act - Depreciation

This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on depreciation changes clients are likely to be interested in. Information includes the Section 179 deduction, special (bonus) depreciation, luxury automobiles, and qualified improvement property. – Download PDF

Tax Cuts and Jobs Act - Employers

This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on changes employers are likely to be interested in. Information includes the modification of certain fringe benefits and a new credit for paid family and medical leave. – Download PDF

Tax Cuts and Jobs Act - Excess Business Loss and Net Operating Loss (NOL)

This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on the new 20% deduction for qualified income from a business. – Download PDF

Tax Cuts and Jobs Act - Qualified Business Income Deduction

This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on changes for individuals whose business deductions exceed gross income. Information includes the new excess business loss limitation, pass-through entities, and net operating losses. – Download PDF

Vehicles - Business Use

This brochure explains the circumstances under which an individual can claim a deduction for using their vehicle for business purposes. – Download PDF