Business Owner Tax Intake

Please provide details about your business so we can best assist you with your tax preparation and planning.

Step 1: Estimate LiabilityStep 2: Business Intake

Client Engagement Letter

Please read and agree to the terms of our engagement.

Dear Valued Client,

This letter is to detail the terms of our engagement with you, and to clarify the nature and extent of the services we will provide. To ensure an understanding of our mutual responsibilities, we ask all clients for whom returns are prepared to confirm the following arrangements.

Clerical/Banking Errors

IMPERIAL TAX AND INSURANCE SOLUTIONS tries its best to ensure that all client information is entered correctly. In the event a clerical error is discovered that causes an incorrect deposit into your account, you give IMPERIAL TAX AND INSURANCE SOLUTIONS permission to debit your account for the amount of the deposit to reverse this error.

Our Responsibilities

We will prepare your federal, state, and local income tax returns from the information you supply. We will not audit or otherwise verify the data you submit, however it may be necessary to ask you to clarify some of the information that you have submitted. We will supply you with guides to assist you in gathering the information required to accurately complete your return. We reserve the right to assess additional bookkeeping charges if necessary.

Your Responsibilities

It is your responsibility to provide all of the information required for the preparation of complete and accurate returns. You should retain all documents that form the basis of income, expenses, credits, and deductions. These may be necessary to prove the accuracy and completeness of the returns to a taxing authority.

Privacy Policy

Tax preparers are bound by professional standards of confidentiality. Therefore, we have implemented policies and procedures to protect your right to privacy. For current and former clients, we do not disclose any nonpublic personal information obtained in the course of our practice except as required or permitted by law.

Agreement

The foregoing is in accordance with my (our) understanding of your engagement to provide tax and financial services and you are hereby advised that each item of revenue or expense can be substantiated by receipts, cancelled checks, or other documents. This information is true, correct, and complete to the best of my (our) knowledge.

Business Information

Your Details

First Name *

Last Name *

Email Address *

Phone Number *

Date of Birth *

Home Address *

City *

State *

ZIP Code *

Business Details

Business Name (DBA, LLC, etc.)

Business Address (if different from home)

Does your business have an EIN? *

Yes

EIN *

Business Structure *

Is your business home-based? *

Yes

Amount of Gross Receipts/Sales for Business *

Do you use a vehicle to conduct business functions? *

Yes

Additional Tax Information

Do you have bookkeeping records available? *

Yes

Did you have inventory at the end of the year?

Did you pay any independent contractors $600 or more? *

Yes

If yes, did you or will you file all required Form 1099s?

Yes

N/A

Did you purchase any large equipment, vehicles, or assets for the business this year?

Maximizing Deductions & Credits

Check any that apply to you personally or for your business. We will use this to ensure you get the maximum legal deductions.

Paid student loan interest

Contributed to a Traditional or Roth IRA

Contributed to a Health Savings Account (HSA)

Made energy-efficient home improvements (solar, windows, doors)

Purchased a clean/electric vehicle (EV)

Contributed to a SEP IRA, SIMPLE IRA, or Solo 401(k)

Paid out-of-pocket health insurance premiums

Did you use a vehicle for business?

Do you have a home office?

Did you pay contractors (1099s)?

Did you purchase software, subscriptions, or online services?

Did you travel for business?

Did you pay for business meals?

Do you have employees?

Did you make estimated tax payments?

Did you receive PPP, ERC, or other business credits?

Did you take distributions from your S Corp?

What was your S Corp officer salary?

Due Diligence & Compliance

Does the income you reported include all business income received, even if it was paid in cash or not reported on a 1099? *

Yes

Do you have bank statements or bookkeeping records? *

Yes

Do you have receipts or documentation for business expenses? *

Yes

Do you keep a mileage log or record of business trips? *

Yes

N/A

Did you make quarterly estimated tax payments to the IRS? *

Yes

Did anything happen financially this year such as selling a house, cryptocurrency, stocks, or starting a new business?

Document Uploads

Please upload the following documents to help us prepare your return accurately.

Do you have a Profit & Loss Statement? *

Yes

Government Issued ID *

Prior Year Tax Return

Profit & Loss / Balance Sheet

1099 Forms Received

Future Planning & Additional Services

We offer comprehensive financial services. Let us know if you'd like more information on the following:

I need monthly bookkeeping or clean-up services.

I am interested in an S-Corp Tax Savings Analysis to lower self-employment taxes.

I need business or supplemental insurance.

I want proactive tax planning to lower my tax liability next year.

Referral Code (optional)

Referred by a partner? Enter their code here.

I agree to the terms and conditions

By checking this box, I attest that I have read and understood the Client Engagement Letter details above.

Signature

Electronic Signature *

Date *

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