📌 AFH Owners: Tax Season is Here—Do You Have These Documents Ready? 🏡💼

Tax time can be stressful, but staying organized can save you time, money, and unnecessary headaches! ✅

📂 Here’s a Tax Prep Checklist for Adult Family Home (AFH) Owners:

🔹 Income Records – Bank statements, invoices, Medicaid/insurance payments, and other revenue sources

🔹 Expense Receipts – Caregiver wages, utilities, maintenance, supplies, meals, and insurance

🔹 Payroll & Contractor Payments – W-2s for employees, 1099s for independent contractors

🔹 Business Mileage Logs – Any business-related travel for medical visits, supply runs, or training

🔹 Depreciation & Asset Records – Property, equipment, furniture, and home improvements

🔹 Previous Year’s Tax Return – Ensures consistency and identifies missed deductions

🔹 Business Loan & Interest Statements – Any financing used for your AFH operations

💡 Why is this important?Missing documents could mean overpaying in taxes or delays in filing—and no AFH owner wants that!

📌 Save this checklist & start gathering your documents today! Need help sorting through your financials or maximizing deductions?

Let’s chat! 📩

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