Northwind Studio

Tax year 2025 · for your tax preparer

Everything in this package comes from books closed month by month during the year: the full-year profit and loss, the year-end balance sheet, the vendors that cross the 1099 threshold with their W-9 status, and notes on how the books were kept. Returns, elections and filings are your tax professional's work; this package exists so that work starts from clean books instead of a reconstruction.

Prepared by Luca · runluca.com

Northwind Studio · Tax year 2025

Profit and loss

Jan – Dec 2025 · whole dollars

luca

	Jan 2025	Feb 2025	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Total
Income
Retainer fees	182,000	176,000	182,000	182,000	189,000	182,000	168,000	182,000	182,000	193,000	182,000	161,000	2,161,000
Project work	83,300	64,300	73,800	64,300	64,300	64,300	48,300	64,300	64,300	64,300	72,300	39,300	767,100
Total Income	265,300	240,300	255,800	246,300	253,300	246,300	216,300	246,300	246,300	257,300	254,300	200,300	2,928,100
Expenses
Salaries and contractors	131,100	131,100	131,100	131,100	131,100	131,100	131,100	131,100	135,600	131,100	131,100	131,100	1,577,700
Freelance production	26,000	22,200	22,200	22,200	22,200	22,200	18,000	22,200	22,200	22,200	25,200	22,200	269,000
Rent	18,900	18,900	18,900	18,900	18,900	18,900	18,900	18,900	18,900	18,900	18,900	18,900	226,800
Software and subscriptions	11,700	11,700	11,700	11,700	11,700	12,600	11,700	11,700	11,700	11,700	11,700	11,700	141,300
Advertising	8,600	8,600	10,000	8,600	8,600	8,600	8,600	8,600	8,600	10,400	8,600	8,600	106,400
Travel and meals	5,300	5,300	5,300	7,400	5,300	5,300	5,300	5,300	5,300	5,300	7,900	5,300	68,300
Insurance and professional fees	7,800	6,700	6,700	6,700	6,700	6,700	6,700	6,700	6,700	6,700	6,700	6,700	81,500
Total Expenses	209,400	204,500	205,900	206,600	204,500	205,400	200,300	204,500	209,000	206,300	210,100	204,500	2,471,000
Net Income	55,900	35,800	49,900	39,700	48,800	40,900	16,000	41,800	37,300	51,000	44,200	(4,200)	457,100

Northwind Studio · Tax year 2025

Balance sheet

As of year end

luca

	Dec 2025
Assets
Operating checking	337,000.00
Accounts receivable (A/R)	214,000.00
Total Assets	551,000.00
Liabilities and Equity
Accounts payable (A/P)	76,000.00
Retained earnings	475,000.00
Total Liabilities and Equity	551,000.00

Northwind Studio · Tax year 2025

1099 vendors

Paid $600 or more in 2025

luca

Vendor	Paid	W-9
Nora Feld Design	$86,400.00	W-9 on file
Atlas Motion Studio	$61,500.00	W-9 requested
Foundry Copywriting	$32,800.00	W-9 needed
Hollis & Park Legal	$18,600.00	Exempt

Amounts are what the books show paid during 2025. Which payments are reportable on a 1099-NEC (services vs goods, payment method) is the preparer's determination.

Northwind Studio · Tax year 2025

Notes for your preparer

How these books were kept

luca

1099-NEC vendors	4 vendors crossed the $600 threshold (detail on the vendor page). 2 still need a W-9 before filing.
Meals	$68,300.00 booked to meals accounts this year. Deductibility percentages are the preparer's call; the ledger detail behind the figure is available on request.
Owner transactions	Draws, contributions and any owner loans are booked to their own equity and loan accounts, so classification for the return does not need reconstruction.
Asset purchases	Purchases booked to fixed assets are separated from repairs. Whether to expense under the de minimis safe harbor is an election that belongs to the preparer.
What is not here	Luca prepares and closes the books. Tax returns, elections and filings are the tax professional's work; nothing in this package is tax advice.