Description
Managing your S Corporation’s basis can be a headache, especially for solopreneurs and freelancers who wear many hats. Our S Corp Basis Tracking Spreadsheet takes the complexity out of this critical task, giving you a clear view of your basis over time. From tracking contributions, distributions, and income to keeping you updated on your current basis, this spreadsheet ensures that you remain compliant and avoid costly mistakes like taking distributions that exceed your basis.
With automatic calculations, easy input fields, and built-in checks, this tool will help you:
- Monitor your basis for tax purposes.
- Ensure accurate tracking of owner contributions, losses, and distributions.
- Stay compliant with tax rules to avoid penalties.
- Get a clear financial snapshot of your business at any time.
Designed specifically for solopreneurs and freelancers who need a simple, effective way to manage their S Corp basis without hiring an accountant.