Tax & business guide

10 Things Every Self-Employed Taxpayer Should Keep for Tax Season

Keeping records throughout the year makes it easier to prepare for an appointment and answer follow-up questions. Use this general checklist to gather your information; it is not a substitute for tax advice tailored to your situation.

1. Income records. Keep invoices, payment-platform summaries, bank deposits, and Forms 1099 you receive.
2. Business expense records. Save receipts and account statements that support ordinary business purchases.
3. Mileage records. Track business travel with dates, destinations, business purposes, and miles driven.
4. Business bank and card statements. Retain monthly statements and make notes when a charge needs clarification.
5. Equipment and larger purchases. Keep purchase dates, invoices, and payment records for computers, furniture, and other business property.
6. Home-office information. If applicable, keep records that help explain the workspace and related costs.
7. Payroll and contractor records. Maintain Forms W-2, 1099 filings, and payment records when you have employees or contractors.
8. Estimated-tax payment confirmations. Save confirmations for federal and state estimated payments.
9. Business licenses and insurance records. Keep annual renewals and policy summaries with your business records.
10. Your prior-year return. It provides useful context and can help identify carryovers or information that needs to be updated.

Organize documents by tax year, label digital files clearly, and use the secure document portal only when Daye2Daye LLC asks you to upload records. Do not send sensitive documents through the general contact form.

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