Tax Reports

Reports for tax preparation and compliance.

It’s tax season. Your accountant asks for income summaries, expense breakdowns, contractor payments, depreciation schedules, payroll totals — and they needed it yesterday. You could spend a week pulling numbers from different places, or you could export everything in one click.

Tax reports give you and your accountant exactly what you need for returns, estimated payments, and audits. The data is organized by what the IRS and state agencies actually want to see.

Accessing tax reports

1. Go to Reports in the sidebar
2. Click Tax Reports
3. Select the report type

Available reports

Income Summary

Revenue breakdown for tax reporting:

Category	Amount
Product Sales	$245,000
Service Revenue	$180,000
Interest Income	$1,200
Other Income	$5,500
Total Income	$431,700

Expense Summary

Deductible expenses by category:

Category	Amount
Payroll	$185,000
Rent	$36,000
Utilities	$4,800
Insurance	$12,000
Marketing	$24,000
Professional Fees	$8,500
Depreciation	$6,200
Total Expenses	$276,500

Sales Tax Summary

Sales tax collected and remitted by state:

State	Taxable Sales	Tax Rate	Tax Collected	Tax Remitted
CA	$125,000	8.25%	$10,312	$10,312
TX	$85,000	8.00%	$6,800	$6,800
NY	$45,000	8.50%	$3,825	$3,825

Payroll Tax Summary

Payroll taxes by type and period:

Tax	Q1	Q2	Q3	Q4	Total
Federal 941	$15,230	$16,100	$15,890	$17,200	$64,420
FUTA	$420	$0	$0	$0	$420
State Withholding	$3,450	$3,680	$3,590	$3,920	$14,640
State Unemployment	$890	$420	$0	$0	$1,310

1099 Report

Contractor payments for 1099 filing:

Contractor	TIN	Total Payments	1099 Required
Jane Designer	XXX-XX-1234	$24,500	Yes
Bob Developer	XXX-XX-5678	$42,000	Yes
Quick Prints LLC	XX-XXXXXXX	$450	No (under $600)

Asset Summary

For depreciation schedules:

Asset	Date Acquired	Cost	Method	Life	Current Year Depr	Accumulated	Book Value
Computer Equipment	3/15/2024	$5,000	MACRS	5 yr	$1,000	$1,000	$4,000
Office Furniture	6/1/2023	$8,000	SL	7 yr	$1,143	$1,905	$6,095

Date ranges

Preset	Common Use
Last Calendar Year	Annual tax return
This Year to Date	Estimated payments
Custom Quarter	Quarterly filings
Custom	Any period

For your accountant

Year-end package

Export a complete year-end package:

1. Go to Reports → Tax → Year-End Package
2. Select the tax year
3. Click Generate Package

Package includes:

• P&L by month
• Balance Sheet (year-end)
• Trial Balance
• Bank reconciliation reports
• 1099 summary
• Asset/depreciation schedules
• Payroll summary
• General ledger detail

Export formats

Format	Use Case
PDF	Review and archive
Excel	Accountant analysis
QuickBooks	Import to accounting software
Tax software format	Direct import (TurboTax, etc.)

Entity-specific reports

Sole Proprietor / Single-Member LLC

Key reports for Schedule C:

• Income Summary
• Expense Summary by Category
• Vehicle/Mileage Log
• Home Office Calculation

Partnership / Multi-Member LLC

Key reports for Form 1065:

• Income Summary
• Expense Summary
• Partner Capital Accounts
• K-1 worksheets

S-Corporation

Key reports for Form 1120-S:

• Income Summary
• Expense Summary
• Shareholder Distributions
• Officer Compensation
• K-1 worksheets

C-Corporation

Key reports for Form 1120:

• Income Summary
• Expense Summary
• Corporate Tax Worksheet
• Dividend Summary

Estimated tax worksheet

Calculate quarterly estimated payments:

1. Go to Reports → Tax → Estimated Tax
2. Enter prior year income
3. Project current year income
4. Calculate quarterly payments due

Shows:

• Federal estimated tax due
• State estimated tax due
• Payment due dates
• Safe harbor amounts

Audit support

If you’re audited, access:

Transaction detail

• Every transaction for the period
• Source documents (invoices, receipts)
• Bank statements
• Journal entries

Reconciliation reports

• Bank reconciliation history
• Account activity by month
• Adjusting entries

Supporting schedules

• Detailed AR/AP aging
• Fixed asset listing
• Payroll detail

Scheduled reports

Send tax reports automatically:

Report	Suggested Frequency	Recipient
Monthly P&L	Monthly	Owner, Accountant
Quarterly Tax Summary	Quarterly	Accountant
Year-End Package	Annually	Accountant

Set up in Reports → Schedule.

Common questions

How do I share reports with my accountant?

Options:

1. Add them as a team member (Accountant role)
2. Schedule automatic report delivery
3. Export and email manually
4. Grant direct login access

What's included in the year-end package?

Everything your accountant needs:

• Financial statements
• Trial balance
• General ledger
• Payroll summary
• 1099 detail
• Bank reconciliations
• Supporting schedules

How far back can I access tax reports?

Reports are available for 7 years by default. Extended retention available on Scale plan.

Do you integrate with tax software?

We export in formats compatible with major tax software. Direct integration with TurboTax Business and others is in development.

Custom Reports

Build your own reports.