The Itemized Report · S corps · Partnerships · Sole proprietors

Every line of your tax return, measured against your industry.

The Itemized Report examines every expense, asset and liability on your 1120-S, 1065 or Schedule C, compares each one with businesses like yours, and tells you exactly what to change to run leaner and keep more profit.

Built by a CPA & Enrolled Agent Benchmarked on IRS industry data An action step for every line
The Itemized Report · sample Acme Plumbing & HVAC, Inc. Form 1120-S · NAICS 238220 · $630K revenue
62 of 100
Line itemYouIndustryImpact
Cost of goods sold69.0%62.0%–$44,100
Vehicle & fuel7.8%4.9%–$18,300
Repairs & maintenance2.6%1.4%–$7,600
Rent3.1%4.4%Better
Accounts receivable47 days31 days$27,600 tied up
Loans to shareholders$38,500rareIRS flag
Step 1 Reprice service calls and add a materials markup. Closing half the COGS gap is worth about $22,000 a year.
6 lines shown. The full report covers every line on the return. Illustrative example.

More than a bottom-line number. A full examination of your business.

Your profit is the sum of dozens of decisions: what you charge, what you pay for materials, how many trucks you run, how fast customers pay. We look at each one.

INCOME Revenue & gross margin Gross receipts, returns and allowances, cost of goods sold, labor and materials, gross profit.
EXPENSES Every deduction line Owner pay, wages, rent, repairs, taxes and licenses, interest, depreciation, advertising, benefits, insurance, vehicles, and each item inside "other deductions."
ASSETS What the business owns Cash, receivables, inventory, equipment and vehicles, loans to shareholders, and how hard each asset is working.
LIABILITIES & EQUITY What the business owes Payables, short- and long-term debt, loans from owners, retained earnings and distributions.
Line by line

Every line gets a comparison, a dollar impact and a next step.

Here's a slice of a real-format report. The full Itemized Report covers every income, expense, asset and liability line on your return.

Line itemYouIndustryImpactWhat to do
Cost of goods sold69.0%62.0%–$44,100Raise service-call and hourly rates; add a 25–35% materials markup; track profit by job to find the jobs losing money.
Vehicle & fuel7.8%4.9%–$18,300Use route planning and fleet fuel cards; review personal use of company trucks; price trips beyond your core service area.
Repairs & maintenance2.6%1.4%–$7,600Price out replacing the two oldest vehicles against their repair bills; set preventive maintenance schedules.
Advertising0.6%1.5%Under-investingYou spend less than peers to win work. Test local search ads and ask every happy customer for a review.
Rent3.1%4.4%Better than peersKeep it. Lock in your current lease terms before renewal.
Accounts receivable47 days31 days$27,600Cash stuck with customers. Take deposits on larger jobs, keep a card on file, and invoice the day the job closes.
Loans to shareholders$38,500RareIRS exam riskRepay it, or document it with a signed note, interest and a payment schedule so it isn't treated as wages or a distribution.
Current ratio0.91.6WeakShort-term bills exceed short-term assets. Build two months of cash and move the equipment line of credit to a term loan.

Illustrative example only. Industry figures in your report come from IRS data for your industry and size.

Returns we analyze

Built for the way small businesses actually file.

FORM 1120-S

S corporations

Every income and deduction line, plus the Schedule L balance sheet. Also checks reasonable officer pay, distributions against basis, shareholder loans, and whether retained earnings tie out.

FORM 1065

Partnerships & multi-member LLCs

Every income and deduction line and the Schedule L balance sheet, with guaranteed payments, partner capital, debt levels and how profit compares once partners are paid.

SCHEDULE CNEW

Sole proprietors & single-member LLCs

Every expense line, including vehicle costs, home office, depreciation and each "other expense." Plus a self-employment tax check: would an S-corp election save you money at your profit level?

Schedule C has no balance sheet, so these reports focus on income, expenses and multi-year trends.

Upload only the business pages. For Schedule C, that's Schedule C plus Forms 4562 and 8829 if you filed them. We remove everything personal automatically.

What's in The Itemized Report

A complete checkup, then a prescription.

01

Business Health Score

A 0–100 score across profitability, cost control, cash and balance sheet strength.

02

Line-by-line benchmarks

Every income, expense, asset and liability line compared with businesses in your industry and size range.

03

Dollar impact on every gap

Where you run above or below peers, we show what the difference costs you each year.

04

True owner earnings

What the business really makes for you once tax-only deductions are added back — even if the return shows a loss.

05

Tax & compliance red flags

Distributions over basis, shareholder loans, low owner salary, numbers that don't tie out, and S-corp election savings for sole proprietors.

06

Your efficiency plan

Specific steps for every weak line, ranked by how much each one is worth, so you know what to fix first.

Three steps. No bookkeeping required.

1
Upload your return1120-S, 1065 or Schedule C. One year, or up to three to see trends.
2
Answer six questionsHours, employees, locations and goals. Your industry comes right off the return.
3
Get your Itemized ReportFree Health Score in minutes; the full line-by-line report and plan when you upgrade.
Pricing

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Health Score

$0

Your score, true owner earnings and your three biggest line-item gaps. Any return type.

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Itemized Report

$1491120-S or 1065
$99Schedule C

One tax year. Every line benchmarked, dollar impact on every gap, red flags and your ranked efficiency plan.

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3-Year Itemized Report

BEST VALUE
$2491120-S or 1065
$179Schedule C

Every line across three years, so you see which way each number is heading — not just where it is today.

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Add a 30-minute review with a CPA — $395 Walk through your Itemized Report line by line with a licensed CPA and leave with your next three moves.
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For CPAs, EAs & tax firms

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Upload the 1120-S, 1065 or Schedule C you already prepared. A white-label, line-by-line advisory report is ready before the client meeting.

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Additional reports$15 each
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Questions

What does "line by line" actually mean?

We read every income, expense, asset and liability line on your return, compare each with businesses in your industry and size range, show what any difference costs you, and give specific steps to fix it.

I file a Schedule C. What will my report cover?

Every Schedule C expense line, vehicle and home office costs, depreciation and multi-year trends, plus a check on whether an S-corp election would cut your self-employment tax. Schedule C has no balance sheet, so asset and debt analysis isn't included.

My books are a mess. Will this still work?

Yes. We start from your filed tax return, not your bookkeeping. If numbers on the return don't tie out, the report flags them so you know where to clean up.

Where do the industry comparisons come from?

From IRS Statistics of Income data, which reports what businesses in each industry put on the same tax-return lines you did, grouped by size.

Does this replace my CPA?

No. It's a second set of eyes on how your business performs. Many owners share the report with their CPA, or add our CPA review.

See every line. Fix what's costing you.

Free Health Score in about five minutes. No credit card.

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