Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to do year end tax prep for your small business [title] Find proof of your business income. [step] You must accurately report your small business income, so diligently find all proof of income. Hopefully, you are organized and have this information in an excel sheet.

Ending1: You can also be required to produce a personal statement of your business income. If you are not, you could end up having to return to the irs with a $200 full tax preparation costs. Ending2: This will hide this information, but it may also help you figure out which chapters to start your books. And you may be able to have your statement set aside on your tax return. Ending3: However, if you do not do this, then be sure to talk to your accountant to ensure that it is accurate. [substeps] Take part in the tax preparation process, but you can leave it up to your accountant to work with you and evaluate the information needed to earn, sell, and stock the business for. Ending4: If not, then look for the following : [substeps] Bank statements gross receipts for sales of goods and services sales records proof of returns and allowances interest for business checking and savings accounts any other small business income [title] Match purchase orders with invoices. [step] Go through your paperwork and find all the invoices you sent out for the year.

Answer format: ending1/ending2/ending3/ending4