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As many of you know Tom Copeland has contributed to this forum for many years. There are hundreds of posts and answers to search from on this forum with...01-09-2022, 01:26 PM
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If I replace my driveway this year because its old and cracking and falling apart, can I depreciate 100%? It will cost $40k to replace. What if I expand...
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Hey Tom,
I saw your PPP post on Facebook saying it wasn't taxable income. Is this also true for the PPP in 2020? I'm pretty sure it... -
My daycare was open from January through mid march last year, I never reopened the entire year and I do not intend to reopen again. So I am figuring my...
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I am new to kidcare accounting software and I am really confused on where to put some expenses. For instance what would I put under form 8829?
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Assuming PPP forgiveness goes through as planned and funds used from PPP are forgiven, does anyone know yet what that does to expenses paid for with that...
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Does the delivery fee for groceries, that both your own family and DCK's eat, qualify as a write off? 100% or T/S?
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My brain is hurting!
I opened the form(s) from PayPal on how to apply for forgiveness and I'm seriously in tears trying to figure this stuff out!... -
If I use 100% of my EIDL loan towards payroll, is the interest 100% deductible or is is subject to time/space %?
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Hi Everyone,
Has anyone gotten good information around how the EIDL loan can be used? I've seen some stipulations, but they generally... -
My bank finally got back with me on the Paycheck Protection Loan, and I'm weighing my options between that and unemployment.
I've read... -
I was able to file a claim on April 2 online. I got a message to call because they needed more information. I have spend endless hours on the phone...
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Hi, I operate a registered daycare out of our home but I am not on the deed/title and we aren't married yet. I pay for half of all household expenses...
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Hi Tom,
This may be more nuanced than you can touch on in a forum post, but I am curious your thoughts around home daycares pursuing the SBA's... -
Hello, I hope you see this and are able to help. In your recent article you stated:
The language in the bill says that self-employed individuals... -
Does any one have a Coronavirus liability waiver form that u have given to your parents mentioned you won’t take any responsibilities if their child... -
Hi I have a question, how I deduct the used of my home for using part of it for my home daycare business?, my plan was rent myself my first full floor...
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Hi, is there any tax credit for a new home daycare as a self employed for 2020, I will open my home daycare in a month for the first time, and I will...
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We recently had hail damage and replaced the roof and gutters.
Insurance covered everything except obviously the $2000 insurance deductible. ... -
Q: In your Time/Space Calculations do you calculate based on *Attendance Records* hours or *Hours of Operation* hours?
I have always believed... -
I was temporarily closed from August -Dec., do I still claim all the premiums for the whole year or only for the months I was open Jan -July?
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I contracted with a family in November 2019 for start in February 2020. i have already received payment for the security deposit and the first week...
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I feel sure that I know the answer to this, but before I write off all of the hours, I wanted to double check.
My husband was in the hospital... -
What is needed for subs for taxes? There is a local provider who closed and is now subbing. I consulted my tax person and he said she needs a contract....
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I've read through a few of the kitchen remodel threads but couldn't find an answer to my question. We completed a kitchen remodel that was well over $2500...
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I've been looking into the pricing of daycares here in Seattle and one thing was surprising to me - for some reason all daycares have huge waitlists,...
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Hi!
My husband and I will be doing our in-home daycare together and I want to make sure we withhold enough throughout the year. We already have... -
Tom, I closed my dc officially May 24th. But I'll still care for a set of siblings occasionally and maybe 1 other dck. Can I deduct costs during those...
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I have a family who has paid $75/week since August to hold a spot for their child. Obviously I claimed this as earned income on my taxes and sent the...
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My own kids are 8 & 10 and we have no personal need for a fence. We are considering one for the purpose of the little daycare kids, mostly toddlers....
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Oh my gosh I hate having my taxes done. I don't pay quarterly, so I guess I have to expect it.
What did everyone end up with for t/s%?... -
Hi Tom, you had said that we can claim lunches on our taxes if we serve one component and I didn’t know that. I read in your blog this would go on form...
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Hope everyone is have a great week! It's almost over!! We had a lot of work done on our house this year. Does it matter if i put the repairs under repair...
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what is the difference between the de minimis safe harbor election and the 179 Rule deduction???
Thanks -
Where do i deduct zoo membership and childrens museum membership on taxes? (100%)
Also, where do i deduct Netflix, Spotify, and Amazon... -
We had to replace 80 ft of fencing on the side of our property. 50 ft of the fence is in the yard were the kids play. Is this part of the entire home...
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Hi Tom,
I had a question if you don't mind. I bought a new computer in 2018 which took place of a computer I purchased in 2016. Our tax... -
Hi All,
We are running an unlicensed daycare on a regular basis in our home.
We have not applied for, been granted, and... -
I purchased compression socks this year to wear while working. Is this deductible? Work was the sole purpose for this purchase and they are only worn...
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I read a lot in this forum and realized that I need some advice before I open my business.
I am applying the license(it will done in 2... -
Hi Tom,
I recently began caring for an infant full time in my home and am borderline clueless about taxes. I know that I need to set money... -
Says the child tax credit phases out under 2017 levels but it has been increased for 2018.
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I was curious if when I ever decide to close my daycare if I will be having to pay back a lot in taxes for all of the deductions I have taken for our...
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We are considering filing married seperate this year to help with my student loan payments on IBR. I have graduate student loans so I will be paying a...
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In April of 2018 we had to replace our A/C unit which cost over $8,000. How do I write this off as a deduction for my expenses? I know I can’t take...
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OK Tom, I am finalizing my categories for record keeping after going through your book again. This is what I have in a nutshell. I went off your lists...
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Tom, I do have your book but am still somewhat confused. What I need is to figure out what categories in my Forms, Facts and Figures to use. This is...
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Okay I need to get a handle on my business/personal taxes, but don't know where to start...
Background: I have not filed in several years,... -
hello all! i realize im new and realize this is my 1st post. i found this site by googling tom copeland. whose name i was given to look up my tax question.... -
Can you clarify what can be deducted on cell phones? We have a family plan with my husband having one phone and myself the other. Licensing requires a...
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This is probably a stupid question.
When I shop at Walmart I have always used the savings catcher app. Basically if there is a lower advertised... -
Hi!
I'm planning on opening my own Type B Family Child Center in 2019. Initially I will be unlicensed. I'm hoping, however, to set up... -
Hello,
We were offer a donation for the children that is valued to $2000 (tickets to somewhere). Do we pay taxes on this donation?
... -
I keep a pot of flowers on my front step. In part because I like them and in part because I think it makes the area feel welcome. are the supplies for...
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Does anyone know if I can write off a new tv? Also can I count the time it takes to shovel and snowblow towards my total hours? Thanks!
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My dining room table has taken a beating!
If I purchase a new on before 2018 is over - I am able to still deduct a portion of it via time/space... -
Over the years, my vertical blinds have been damaged by the childcare kids. Right now, there are 8 pieces broken, and I have been using a piece of fabric...
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Help! I haven’t been doing this for very long and so I’m not I made a mistake that I’m sure you’ll all shake your heads at but now I don’t know...
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Need some advice. Been in daycare for going on 16 years. Over the years I have gradually increased my rates. When I first started doing daycare my...
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Hi Tom,
I'm getting caught up on my bookkeeping since I just started my kidkare acct where I can log kids in and log my extra hours doing... -
Just got my book today! Can't wait to dive in! Thank you so much Tom for all the help!...
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As an unlicensed daycare who does not participate in the CACFP but does take the tier one standard deductions for meals served (to avoid keeping receipts/record...
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In the past we've been able to deduct the cost of sending our kids to summer camps and other activities as they are too old for my day care (under 5)...
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This might be a question for Tom: if you have an open concept home design, can you claim portions of a room as exclusive use?
My kitchen... -
If my teen daughter was to care for a few children in our home during the summer months she would be considered an independent contractor/business owner,...
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We bought a storage shed last year that cost about $2400, which included laying a rock base for it. It's not attached to the land. Can the TS% be deducted...
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I currently have an umbrella policy through American Family to raise my homeowners and auto liability insurance to $1M for my business. The underwriter...
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If I enroll in a non-degree earning certificate program (i.e. Montessori, RIE, Waldorf, Lifeways, Reggio, etc.) could it be a tax write off?
... -
Just opened my daycare in August 2017. First time for taxes and I'm doing my own with the help of Toms Book.
I read an article of Tom's... -
I started my daycare in August 2017. I have almost finished completing my taxes for the year. Net profit of around $550 with all my deductions. ...
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I have a large room that I would like to claim as exclusive use but I'm not positive on the rules. The room itself is ONLY used by daycare, however,... -
I have an email into my insurance company but was wondering if you could help. My homeowner's policy has a daycare endorsement but it doesn't tell me...
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I was just wondering how long daycare providers need to keep their taxes?
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Can i classify this as independent contractors:
In child care we are all governed by and must operate according to the State and Federal... -
Another posthing about deductions got questioning this but I was told that unless my expenses were over $24,000, I would not be able to claim my expenses...
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I just finished my record keeping for the short time I was in operation as a child care provider (opened doors Sept 28th) and my total deductions are...
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In november of last year, I had parents choose to tell me Friday after pickup in a text that they woudn't be coming back next week or ever because she...
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Hi Tom. I have 2 retirement accounts. I contributed $5000 to IRA and $6000 to simple I am over 50 how much more can I contribute this year? Also is...
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My father inlaw passed away and the 3 kids sold the house and received 15,000 after all loans and debts were payed off. How do we claim this? We did...
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For real, I would like to hire an independent contractor to help out in my childcare. She WILL be helping in other childcares, as well. There has long...
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Hi, husband of a family of six. Wife runs a residential day care with the help of our four daughters. I do the legal, tax and policy admin for the business....
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I am looking at the tax books and I see that there are two different books for 2017. There is the 2017 Tax Workbook and Organizer and then there’s the...
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Would it be worth it to start a thread listing deductions we can take?
Just curious what you all think? I always feel as if I'm missing someth... -
Last year I went to H&R Block and they told me to save 10%...now everything I'm reading is so much more. How much do you save each month??
... -
My wife runs our large home daycare with one employee and I help out. I am required this year to take a Required Minimum Distribution from my IRA of ~46k....
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Curious but saw this comment on-line and am wondering if there is any truth to it......
"Minute Menu is Tom Copeland's company. They... -
I am really considering doing my own taxes this year. I know all the things I can deduct but my concern is forwarding all the depreciation stuff and doing...
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One of my daycare children opened up the car door after I had already put him in and door dinged the car beside us. I hadn't buckled him in, because...
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I have 2 questions.
1. When I claim my mortgage can I only claim how much I a supposed to pay or can I claim how much I actually pay.... -
Anyone on here going to his seminar on Nov. 4th (Bloomington, Minnesota)? I plan to and was curious if anyone from this forum would be there!09-11-2017, 01:57 PM
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Do I have to depreciate expensive toys? I bought a few expensive things with grant money this year. $2000, $500, $1500, etc. Do I need to list these as...
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email from my sponsor...
Free webinar from Tom Copeland
North Coast Opportunities
Join Tom Copeland for a Free Webinar on KidKare... -
This year I had an egress window put in my basement and I have moved everything down there. I still use my upstairs every morning but only for 1/2 hour... -
Question. I had some wind damage from a 2 day 55+mph wind storm in March. It pushed my wood privacy fence on both sides so much that it needs to be replaced.... -
I am wondering if I can write of t/s deduction of bathtub remodel. We found wood rot/mold and had to tear out our entire shower area and put in a new...
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Our child care provider is unlicensed and watches over 3 other children as well as our son.
She came to me wife today asking for 290 dollars... -
Last year I read all of Tom's tax books in preparation for my first year being open for business. I had planned on depreciating my home because that's...
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I'm in New York State and have an $11,000 profit (I'm new to this and perhaps didn't write off all I could).
For some reason, I anticipated... -
I have two businesses, home daycare (my main income) and an online business, can I spilt an expense between the two? Specifically internet services....
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I opened in June of 2016 and after doing my taxes I found there was SO MUCH I missed. I want to be on top of it this year! So my question right now is...
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Two quick questions:
I did not work this past summer. I realize that means that my Time Space % will be much lower than normal. Does... -
I hope you can help me, I have just a few questions I need to clarify the answers to.
1) Phone-I know you can claim the first phone but what exactly... -
Do I need to claim income from simple and sep ira if it is put back into fund? Where do I claim it? Thanks
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Okay, Tom, I've got a tricky one for you (tricky for me at least).
1. I teach a preschool class at a homeschool co-op. I think the co-op... -
Hey guys! We are in the middle of a HUGE ice storm right now, and our driveway is a skating rink.
My DF (dear fiancee) picked up some salt... -
Hello. I was awarded a grant to use to purchase items to update my home daycare. I am not sure how to go about recording this. If I record the grant...
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Had to replace ac unit/heat pump this past Spring. How do I list this in minute menu? I know there were some changes in depreciation rules, does this... -
I signed up with Biz Plan. I paid and was ready to go! Today I called to ask a question and subsequently found out I cannot deduct my premiums? Why...
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I may have asked this a couple years ago but I can't remember. How do I find a tax preparer in my area who would know about the daycare business?
... -
Last year I only gave myself paid holidays, but I had in my contract that parents don't pay for my vacation time. I never took a vacation anyways! But,...
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I just ordered The Readleaf Calendar Keeper and I'm beginning to work through it.
How do I record my own children?
I have an infant and... -
Hello!
I was wondering if someone could help me. I am (legally) watching 3 kids for the summer break. Even though I'm not registered, can... -
I use the library for a lot of our books since there are just so many good books and I can't own them all.
Anyway...if I get late return... -
I have a very odd question and forgive me if this is a dumb question LOL! I'm not sure how much longer I will be a daycare provider. I just don't know...
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The last couple of years we've had to pay Federal but got a little back from State. My IL's who owned their own business for many years say we should...
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Sorry, it's me again! Is the TurboTax Home and Business edition 100% deductible even though my husband's W2 info was entered?
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I can not seem to calculate my Iowa State quarterly income tax payments. Quickbooks is wonderful in that it calculated my Q1 Federal payment, but I can't...
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If I started my daycare at the end of June 2015, can I count all the hours when I researched daycare tables, crafts, making my contract, daily schedule,...
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Hi
Does anyone -who doesn't have a napper in there- claim their own bedroom for regular use? If so, what are the circumstances? I'm trying to see if...
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I know that I cannot claim a second phone line, but can I claim my cellphone vs landline since my cellphone is used more for business than my home phone?...
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How do I go about having my child claim the income for working in my child care on her taxes? Do I have to do a W2 or 1099 Misc for her to show on her...
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For my T/S%.....
Do I have to use the hours that kids were present, or can I use the actual hours I was open? I'm asking this because some mornings,... -
This would be for next years taxes....
My last day with kids will be June 10th. But there will be at least a 2 week period after that where I... -
How do I deduct loan interest on a loan that was taken out to pay taxes due? I've had it for 3 years already, but it just occurred to me I may be able...
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When calculating mileage do you calculate to and from your destination?
For example: I am traveling to the library for curriculum books.... -
I just have a quick question on home repairs and updates. My playroom is in desperate need of new windows, and I had planned to pay for these from my...
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I have a dcp asking for the amount she paid in 2015 which was barely over $100. I did not give her an invoice for taxes as I read someplace and under...
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I'm in MMK working on my taxes for last year and I saw in the accounting section where I can write off car insurance and car loan interest. I just want...
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I claimed my foster child August - December on the food program. We aren't able to claim her as a dependent on our taxes due to her not being here for... -
As mentioned in my last post, I opened my daycare in November 2015, so this is the first year I'm filing taxes as a provider. We bought our home 1.5 years...
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I opened my home daycare in November 2015, so this is the first time I'm filing taxes as a provider. I purchased all of Tom's books, including the Inventory...
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I don't have any kids personally to claim on my taxes so I don't know how it works, but every one of my families use a FSA account for childcare. Do...
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Hello!
I am a Child Development Home Provider through the Navy. I accepted my first child on October 19th, 2015, but was working to open... -
I have a niece and nephew who I provide care for occasionally, as drop ins. I do not get paid for them when they are here, but I still provide meals,...
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I've just written an article outlining all of the tax changes for 2015 that affect family child care providers. This includes several new rules, including...
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In the past I’ve calculated our daycare T/S based on total square feet in the house vs the daycare space. The number I’ve use for the total sq ft...
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I want to sew mermaid tail or shark tail blankets for the DCKs this year. Can I consider the money spent on fabrics and supplies as "gift expense"?...
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Hello,
This year I've purchased several items and paid for many things for my daycare that I would like to write off. However, I don't plan to... -
I just bought wood chips for my play structure - it came out to 450 w/o tax and a 70 delivery fee (566.80 all in all). Do I depreciate this or can I remove...
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We just started homeschooling this year and I'm having some confusion with how to claim and enter supply expenses into my MMK account. All of her schooling...
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Tom Copeland!
He's been at the our WI conferences before, and it's always an awesome turn out if he's there.
So...if you're... -
Hi Tom,
I'm doing taxes in the next 2-3 days ... I admit I really enjoy doing taxes. BUT this year I'm really worried about everything... -
I have an adoption credit to use for my 2014 taxes, and will be claiming the full $13,190 credit. My understanding is that this credit is now non-refundable....
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I am using the tax workbook and organizer to do my own taxes this year. I am stuck on my time percentage (p. 31). From Jan. 1 through oct. 31 my hours...
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Tom, or anyone,
I've always used Turbotax, but I'm interested in Tom's tax workbook. But I'm wondering how it is to use it. My husband... -
Hi, I just received an email from a parent. I am cc'd in the conversation between the mom and her CPA. She says she is submitting her 1099 for her child's... -
I've been hearing terrible things about how Turbo Tax has raised their prices and disabled some features this year without disclosing it. Once you get... -
I'm so sorry for all the questions!
My parents pay each Friday for the following week. Because of the holidays they paid on 12/23 for... -
I've tried to search posts to get my answers but haven't been able to piece together anything to really get an answer for my specific need so here goes....
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What are some things you can claim that I might be forgetting? I made 40k this year and I'm trying to write off as much as possible.
So far I... -
One of my daughters friends MOM down the street said she could sub for me if I:
1) needed to pick a big kid up from school sick and run... -
For most of 2014 I had a large section of my 1st floor as 100% daycare and then my basement was all T/S because it was used for storage of toys and materials.... -
Anyone know when the Tom's 2014 tax book is going to be released? Is the 2013 the same thing?
Thanks!
Kristy
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Hi all! It's been a long time! I've been very busy. Worked a second job from last fall-summer. In August I went back to school happyface so, I haven't...
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When I'm calculating the time space percentage of supplies I've bought, do I add the hours per month and do this each month or wait until the end of year...
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I paid out-of-pocket for two college classes this year to renew my Early Childhood Education teaching license. Each class was $1100 and text books were...
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This is what I have for my section of my contract for paid provider days.....
Provider Vacation & Personal Days
The provider... -
Tom I've been doing daycare for about 15 years and only within the last year heard of your books. I just ordered some but which book do I need to keep...
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What is your policy regarding parents leaving stuff at your house? I have a mom that leaves 2 car seats out by my driveway everyday for her husband to...
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I'm a little confused about the whole phone deduction. I have always deducted our landline, internet and cable all in one. Ive read some posts that you...
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Hello again, Tom!
So, my husband's (employer sponsored) health insurance company just "got smart". Since the federal law changes... -
I've only had my license since February of this year, and I'm extremely confused about the whole business taxes deal. Do I follow them quarterly or y...
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This is my first year filing taxes for daycare. Do I understand this right: I can depreciate household items used for daycare even if I bought them before...
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I got a letter yesterday from our state unemployment office that I am being audited. My scheduled date is next Tuesday although I have called to try...
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I have a mom who is now on state pay. However, it took 2 months for the pay to be set up. In which time the mom paid me directly. Now the state is...
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I know we all have had questions about the FP and I found this site through reading Tom's posts on FB and thought I would share! Here it is:
...03-18-2014, 05:59 PM -
Last year was my first year doing dc. I just made an appointment with a woman who has been doing daycare taxes for 13 years and has also been involved...
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I have added a rose bush here and there ($19 each x 4) and some ornamental grasses ($24 each x 4)
How do I deduct these??
... -
Question probably geared toward Tom- if I were to reduce my families to my one PT family and only made about $400 a month, what would be the tax implications?...
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For a very short time in 2012 I was a 50/50 partner in a center. We filed our taxes last year. We need to file again this year because we had a small...
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I enjoyed the webinar last night. I sat there with my tax workbook making notes on the different forms, and got a couple of questions ansered. Thank...
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I wanted to make sure I have this right. We can still deduct either the phone (landline) or the cell phone if we use both for personal and business. One...
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One more day until our Tax Webinar with Tom Copeland!
https://www.daycare.com/forum/announcement.php?f=2... -
I got a letter from the SSA yesterday saying that my W-2's from 2012 did not match what my 941 reported. It is actually off by the full amount of what...
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I have paperwork and tax stuff from my day care for years. I am ready to purge some of this paper!
Can someone please tell me, as of today, Feb... -
I ran reports through my payroll company and the gross pay is obviously more than the net for my employee, I recorded the net in MMK for wages to employee...
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We have old wooden kitchen cabinets that are warping and starting to chip in some places, if we paint all of them and add new hardware is this considered...
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We had an insurance claim paid out after our daycare flooded. We had to totally gut & renovate.
We got some money for insurance and... -
Hello all,
Going through my mountain of receipts and I don't think I have ANYTHING that is used 100% for the daycare. I five kids of my... -
I take a 2 week deposit that is applied to the last 2 weeks of care, my contract says I do not give refunds on deposits. I'm about to terminate without...
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Hello All,
I am fairly new to the daycare business as I opened in the summer of 2012. This year, I had an unusual circumstance in which a parent... -
We completely sold out last year's tax webinar with Tom Copeland and he has been very helpful in our Taxes and Daycare section of the forum. I hope you...
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I am using MMK to record all of my expenses. Let's say that I went to the store and bought art supplies. Do I have record each purchase (on the same...
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I was not too sure where to post this question, but I was wondering what the average is that people claim in their T/S % for additional hours.
... -
Hello All,
I just now registered for this site! I am the owner of Here Comes the Sun Childcare Center located in a Church in Mn. We are for profit.... -
I closed my business last week after 12 years. I have a few questions as I complete the closing process.
1. I will be selling some of my... -
Are we able to write off house expenses, property tax, interest??? -
I've been doing childcare in my home since June of this year. I've been working on meeting all the goals needed to get my license; obtained the first...
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Tom this may be outside your area, but I thought I'd ask. I haven't gotten into the site yet, but when they ask about income, I can't figure out what...
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Last week I enrolled in the food program and decided to start it Nov 1st. I am on tier one and have notified my families that we will be starting in November....
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So, my landlord has asked/requested if I could start paying rent via a cashiers check, written out to "cash". Now, this is only a request and...
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These are the items listed under my personal property:
Washer/Dryer
Snowblower
Lawnmower
Dishwasher
Carpet... -
I am trying to be pro-active and look at how much I need to have in business expenses to off-set owing taxes. Is there a good rule of thumb?
... -
Is it required to charge sales tax or city tax on daycare charges to my parents or are daycare centers exempt from charging sales tax?
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This is probably a question for Tom....
I am applying for my credential and in my state, I need to be able to show proof of an administrative... -
Long story short..A friend on FB sent me a message asking my rates,hours, and what I provided. Also, asked if I was on a food program. I did a double... -
So I had to let my assistant go and now she applied for unemployment benefits. Which is fine but I don't understand how it works. Do I have to pay anything... -
To put this lightly, I am horrid with numbers and every time I fill out tax paperwork, I frantically call anyone and everyone because I don't know what...
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Hello,
I live in CT in a Condo. The Condo association does not allow anyone to be a licensed daycare, so I am looking to just babysit 1... -
Can any md provider give me some names of places who does your taxes...I'm having a hard time locating someone.
Thanks in advance -
I am a missouri childcare provider. I am considering creating a facebook page where other providers in my area can share with eachother the first names...
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Was looking through other posts & the 50% bonus rule was mentioned. Can you explain what that is, please?
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I am going to buy some of Tom Copeland's books/planners/forms/etc. Any "don't miss this one" recommendations? Everything looks useful, just...
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Hello,
Had to get a new roof.
I know it is a home improvement. Is it 39 years???
Also, when they took off... -
My homeowners insurance is no longer going to be offering me the business liability insurance, so I have to find new insurance in 14 days or less, or...
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Currently I serve:
Bk
am snack
lunch
PM snack
I had a parent tell me that at their last DC they did... -
I own a large center licensed for 102 children. We are growing fast but we have not officially made a profit. We keep money in our business account but...
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Not sure Tom if you can read other areas (Parent/Guardian) area but if you are able could you answer the questions from the thread-Termination Due to...
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OK, so I'm getting things ready on paper to file and I have some questions:
1- If I bought my house in May 2012, and started the DC business... -
If I bought my house on April 26th, and the purchase value (minus land) is $198K. What would I claim for the depreciation value, if I started my DC business...
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I just wanted to say THANK YOU!!!
I just left Tom's workshop in H-Town...and he was GREAT!!!
Thanks for all you do and all... -
If we plan on buying a new washer and dryer this year should I just skip depreciating the old set on this years taxes?
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1. If I have been planning my business long (purchasing supplies, attending courses/seminars, etc.) before the first day of care, how far back can I go...
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I plan to claim:
Food (snacks, lunches)
Baby furniture (PnP, walkers, bouncy seats)
Toys
Supplies (wet wipes, bibs, plastic... -
Hi Tom-
I have a 1million dollar policy on my vehicle for the purpose of transporting the DCKs for Field Trips.
I am doing... -
If my master bedroom is used to keep my dogs separate from the children (a licensing requirement) can I include the square footage in my time/space percentage?...
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My state is changing the rules (again) for subs and now it looks like I will have to hire my own deticated person rather than using the agency I was using....
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2012 Deprecation Question-
With the 50% bonus rule in affect for 2012, The Half Year Convention Method would not play a part in calculating... -
Thanks to the 100 people who participated in my tax webinar last night, sponsored by daycare.com! I hope everyone learned a lot.
I've posted... -
FYI, many of you have registered for our Tax Webinar with Tom Copeland for tomorrow the 12th. Now is the time to sign up if you haven't already. This...
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When calculating the T/S% I know I need to use the total number of hours in 2012 but I was wondering if this is affected by when I started my business....
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We are full time ministers.. we get an housing allowance which i can calm all of my housing expenses on it.. like electric, water, internet, etc... now... -
Tom Copeland has a new article on his blog titled "February 12th Webinar to Cover New IRS Rule on House Expenses" with answers to questions...
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I had my taxes done Saturday . I had the owner this year because the new preparer in the office said something that raised red flags about his experience... -
Family child care providers will be able to claim up to $1,500 in house expenses on their 2013 tax return, without receipts, according to a new IRS Rule...
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:
: I got a letter in the mail today inviting me to a seminar, when I read his name I opened my eyes
and thenhappyface did I read Jhonny Deep or...
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Hello Tom,
What is the best way to track/prove income? I do use MMK for record keeping.
I need to show proof for the purpose... -
I live in a smallish house, it is considered 952 sq ft according to city records. That amount includes the main level of my home only. Of that space,... -
Hi there...
I have a large in home daycare and teach a near by nature camp program to the same group of kids throughout the summer.... -
TOm- should I be claiming the miles I drove for DC related activities or should I be logging the milage.
Because I use this vehicle for... -
My husband and I just got married last year and he already owned this home before he and I even started dating. I'm all new to claiming bills, mortgage...
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Ok, so here's the situation (don't judge!)...
I'm starting to panic just a little because, truth be told, I did almost no record-keeping... -
You are invited to see and hear Tom Copeland present a timely webinar “Tax Changes for 2012: How to Avoid Mistakes on Your Tax Return” on...
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My daycare is a dedicated separate space on the lower level of my home and I use a pellet stove to heat the area. Are pellets for the pellet stove tax...
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I need to do a 1099 for an activity teacher that comes weekly, and trying to understand the IRS rules. I paid her under $400, so I am confused if I need...
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Browsing around the forum I'm seeing this is a high ratio. I'm not sure what I could be doing wrong, if anything. I've only been open since November first...
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Tom: How do you think going over the fiscal cliff will effect child care providers and our taxes? Are we looking at a huge tax hike? Thanks! -
This is my first year in daycare & filing as a provider. How do I find a specialized preparer to do my taxes? I'm dreading this tax season. Scared...
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Hello there...
I just discovered this forum *today* and have been amazed by the wealth of information. Who knew you could deduct all of... -
I have given out my social security number to many parents with no issues in prior years. This year I termed a family who was quite angry at me for terming...
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Hi,
I am doing after school care for a year now for one boy. I have been giving receipt for care.
The problem is that for the last... -
My CPA called to tell me that my TSP is too high. Last year it was at 46%.
would you consider that too high and if so what is the average... -
so I know over time we all made a list of things that we can write off on our taxes along with a nice list of time space % list of activities and etc....
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His new 1213 Calendar is already available!!!
In addition, Red Leaf Press is offering 7 of his books for CHEAP!! Only $89.95!
... -
Which one do I need?
Also, my Fiance and I aren't married yet....How will this affect my taxes related to the daycare?? Can i still claim a portion... -
I just got married a month ago, will it benefit us more for my husband and I to file together or seperate? Are we still able to file through turbotax?... -
Hi all
I read in Tom Copeland's Family Childcare and Record Keeping guide, ch.4 on shared expenses and two ways to calculate, Time space... -
I just got off of the phone with a person in Lansing and I am beyond confused. I've got a call into my tax person but thought I'd ask here as well....
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I am having to go through all of the fun tax stuff right now from last years taxes and my CPA asked me why I have not filed to become an SCORP???
... -
Can I write off all or any portion of out of pocket chiropractic care (considering I lift infants and toddlers as part of my job)?
And... -
Congratulations on your Educators Voice Award as Commentator/Blogger of the year!! Thank you for all you do to help us in our chosen profession!
... -
Tom, you may be able to help with this one, on the tax end???
I have done fcc for several years and want to supplement my income as bills... -
I have a question about T/S percentage. My T/S% for 2011 was 42.74% according to MMK (I opened my daycare in October of 2011 so it was only a partial... -
happyface
HELLO EVERY ONE. I AM NEW TO THE FORUM. I HAVE BEEN IN THE FIELD OF CHILD CARE FOR A LITTLE OVER 10 YEARS AND HAVE FINALLY DECIDED... -
I have a dcp who is having a hard time bidding jobs right now, he has money coming in but wants to limit his payments to care. He wants to limit hours...
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We are putting a new roof on our house this summer. We bought the shingles and some supplies for it last night. I'm keeping all the receipts for it but...
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Hello,
My wife officially started her daycare yesterday 04-16-12 and obtained her daycare license Feb 2012. She started buying equipment... -
A provider-friend has been told by her CPA that the IRS has changed a rule greatly effecting us. She was told she could only claim one more hour per...
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I was going over last years taxes and noticed that it (turbo tax) placed my daycare meals on line 24b under expenses, which places it under travel. Will...
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We bought a new van in 2011 and are planning on using the actual vehicle expense method for taxes and to take advantage of the 100% bonus depreciation...
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Roof replace that falls under depreciation. What line of 8829 should I expect to see it? I am a little confused.
:confused: -
Hey!
I hope someone has an answer! Do I need to calculate my business expenses using the T/S % before I enter them into turbotax or does that calculate... -
I wondered if you do the same with your trips to the grocery store as you do with bank deposits.? If the sole reason i go is for daycare I know i claim...
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We can vote!! http://www.bammyawards.com/index.php...commentatorblo...
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I am entering the info in MMK and they want to know Depreciation Method and Convention. I don't understand what they want me to put here.
... -
Is it a red flag to show a loss in your second year of business? Last tax season I showed a gain of only a few hundred dollars after all my expenses...
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I have made it to my state taxes now and ran into something I am not sure about. I depreciated items on my federal return, I live in New york and have... -
My tax preparer tried to register this morning and it said it was closed. Is this a glitch or is she too late?
I couldn't delete this, but... -
I am enrolled in a biz plan and will be paying my hubs (reimbursing him for his medical insurance payments). The company brokering the biz plan is taking...
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Is my ymca membership a deduction if I take my dck there to swim and play in the gym? How much of it? How about if I get partial reimbursement from my...
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I know we need to keep 3 years of all paperwork and receipts plus anything still in the process of depreciation.
So.... what should I have on file... -
Good Morning Tom,
Thanks again for answering my questions yesterday!
So as am cleaning this morning I realize "I'm using... -
I paid cash and checks. I ended services a month ago and in the beginning my provider said she gives a total and a receipt at the end of the year. Now...
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Hello from Houston, TX I'm new to this site hope I'm posting correctly.
So I started preparing for my home child care business as of Oct... -
Here is a question for Tom, our tax guru; Where do I put a camera security system? $350? Under Furniture/ Appliances/ play equipment/carpet? half is...
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Can meals be claimed that i pay for myself when at a conference, training, or our child care association meeting?
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I see you can claim shopping for supplies/food under the extra hours preparing for daycare. Can you claims time spent going to and from the bank? How...
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I know I'm over thinking this, but it's starting to blur.
Your book says bottled water given to the kids can be a household deduction.... -
You are invited to see and hear Tom Copeland present a timely webinar “2011 Tax Changes for Family Child Care Providers” on February 9, 2012 at...
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I am in Canada and I realize Tom you are not. However, I am hoping you can shed some light on this for me.
I am licensed now, and receive... -
I am a provider and I am choosing to send my son to a licensed (school system) preschool program at a cost of $144 a month. He will attend M and W in...
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Hello. I am a first time provider doing taxes. I am an owner but have another job. Do I need to complete a W2 for myself or not? Which is benefic... -
I've got kind of an odd situation. For the past 4 years, I ran a daycare with a partner in a separate location. Neither of lived in the place, so we...
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First, when you are logging your arrival and departure times, do you round it up or down to the nearest 15 minutes( if they arrived at 6:35 your write...
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I was wondering since I have two children under 12 years still can I write them off as a daycare expense. I have my own daycare but my own kids cause...
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Tom - I currently operate a family chid care home. I am working on expanding to a center and obviously spend a lot of time online doing research, time...
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I need to try to find out current rates for our area. When you call another provider or a center for information, do you level with them and tell them...
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We've done several home improvement projects to our home this year including regrouting our tile, remodeling our kitchen and replacing all of our windows....
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Would anyone happen to know the standard mileage rate for this year? -
So I'm just going over some of the stuff in Turbo Tax home and business, and since this is my first year in daycare, will I receive one of these forms?... -
Hello,
My name is Robert Groth, I'm an accountant who specializes in family daycare taxes. My wife has been doing family daycare for over 15 years,... -
Can I claim mileage to/from preschools for drop offs/pick ups?
My only thought for no is that my daughter goes to one of the schools that... -
I am new here sorry if this has already been said
How do you record building a deck? ( would I do a time share %)
How do I record... -
This is a tough one for me. The kids eat 4 times here, two meals, two snacks. My two children eat also. I eat once in while ( when I get a min) I try...
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Hi,
I opened my daycare with my first kid on 04/04/2011 and I have a question about my Space % in Minute Menu Kids. Should I check the... -
I am considering reducing the number of children that I care for in my daycare Does the number of children in the daycare affect the tax write off's I...
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I went to amazon to get the Family Child Care 2011 Tax Companion, but it says it won't ship until April 2012. Should I get the 2010 version to use for...
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Hi everyone, still new to the forum and still waiting to get licensed. Been researching mmk; downloaded the free trial, read Tom Copeland's book 'Record-keeping... -
So, I am a bit lost as far as my taxes go. But I have some time to get caught up with my tax information and things I need to track, etc for the daycare....
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I have been reading threads for 7 hrs now learning alot. I should be licensed in 40 days for a family daycare. I'm confused about being an llc or sole...
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I am seriously considering getting out of this business. If the right job opening came along I would probably take it. I really do like my job and love...
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I use the time/space percentage to deduct some of my utilities. I switched to using the utility companies budget option where I pay the same amount every...
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If there is already a thread point the way... Since i am still working on getting my permit i was wondering should i start collecting receipts now and...
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A relative does our taxes and I adore him and he owns his own accounting firm so I don't doubt his ability but I just wonder if we are getting all the...
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If you are not licensed ( I don't have to be to have 2 children in NC) but you claim your income can you take any deductions? -
Hello, I have been viewing this site for a few weeks now as it interests me greatly. My wife is in the process of getting licensed in Northern Minnesota....
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Do you have to wait until after Jan. 1st to purchase and fill in the turbo tax online stuff? I'm curious when I can get in there and start filling out... -
I run a small in home based childcare (I am also non regulated). I know that since I have made than $400 this tax year I need to file as well as provide... -
Some one save me from myself!!! ::
I'm looking through this catalog wondering what I should invest in?! Or if I should even bother... -
My grandson lives with me (along with his parents and sister). I am paid to care for him while his parents work.
Can I claim his meals... -
I received a letter yesterday from the State Dept. of Revenue.
It starts off stating:
"To ensure every individual and business taxpayer... -
How do you handle keeping up with what parents pay?
Do you do a simple receipt book and hand them the copy each time they pay?
Do you keep... -
So...we have chickens. They are not a main part of the daycare but I do use them in the sense of demonstrating how birds lay eggs. Can I write off part...
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I think that since we are a family of 3, if we start making over 1300 a month combined, then I have to let them know so they can adjust our food stamp...
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Tom,
Someone on here mentioned that if we do a cooking project with the kids that we can deduct the cost of the food used as a business... -
Can I also write off our internet service since I use it for curriculum and TV (since we only have Netflix) which I use for the kids as well.
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If I have a tree cut down and buy new landscape rock, how do I deduct that? Thanks!
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I don't even know where to begin looking for someone come tax time that knows all about home childcare business. Any suggestions on where to look? And...
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I thought I read somewhere that there is a $5,000 limit on deductions for startup costs in the first year? I have been accumulating a LOT of things to...
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Really don't know where to begin in keeping track of things for taxes....is there a good previous post or article about the basics? I've had my license...
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Is there a place on MMK where you can enter the quarterlies you have paid to Fed and State so that they show up when you print reports at the end of the...
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Tom what can you write off different if you are licenced verus being not licenced? If I only watch one familys children in michigan could I be unlicensed...
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One a middle child who is in 7th grade aged 11 years 7 months wanted to volunteer at my daycare for his community hours. I am not sure about this because... -
We recently replaced our roof. Does this go under home repair (expense all in 1 yr) or is this a home improvement (depreciate over 39 years). We made...
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I saw on one of Tom's web sites recommendations for tax / business prep. people listed by state, but now I can't find it
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Today the IRS announced a higher standard mileage rate for the last six months of 2011: 55.5 cents.
The rate for the first six months is... -
I am a member of a local Association, the gal that founded the associaiton just left and we don't know what to do w/ taxes! I am assuming we need to... -
Should I include Insufficent funds fee on a parents receipt?
Can I claim these charges from my bank on my taxes? -
I would like to know if there is a maximum dollar amount that parents can claim on their taxes each year for childcare? I am a LHP and I would like to...
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I'm kinda of a ding dong when it comes to taxes. If I decide to open childcare in my home I will be watching 4 kids with my own. Can someone tell me exactly...
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Question for Tom: Are costs of treating bed bugs (yikes!) brought in by one of the daycare children 100% deductible? Which category would I claim the... -
I got an email today with the following info for a free webinar on contracts and policies by none other than Tom Copeland himself. Check it out. It's...
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my father is working on getting his "future wishes" in order. he would like to add my name to his bank accounts, in the event that i would need...
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I posted this question last week but never got a response..
I had my taxes done and I spent more than I made.... about $3k more.. My tax... -
This is too late for this year, but I want to be prepared for next year.
Is a detatched garage to be counted in the T/S % ?
We have a 2... -
Last year we provided Daycare service for our Daughter by watching our 2 preschool grandchildren. We did not recieve any compensation or ask for any while... -
I am getting ready to quite daycare but I wonder what papers do I need to keep and for how long. -
We purchased our home in March of 2009, and didn't claim depreciation on 09 taxes, would I have to refile our whole tax return for 09 in order to claim...
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I run a small unlicensed home daycare. Right now I of course report all my income but I also right off quite a bit. I am having a hard time getting a...
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We had installed a hose, spicket etc to the back of our home and moved the one from the inside of the garage to the outside of the house. It required...
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We have done these things. Please tell me if any of them are NOT considered home improvements:
Added a deck to the front of the house... -
While I was going through my old bank statements looking for a ck, I came across other cks that I had written that I had totaly forgot about that I could...
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we had 3 tree's cut down and removed it costs us a lil over 2400
this made more parking space for parents.
can i write off 100%?? -
I am taking the kids to the park every Thursday and Friday. I want to know where can I record this in MMK.
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Anyone else in this boat with me? I have been dreading it this year. I have most of the leg work done, just havent taken the time to actually sit down...
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Heres an interesting question:
For DC you can write off business use of bandages, you can also write off bandages as a medical deduction... -
I applied for employee id number before and I got it. When I am applying I applied that no plan to hire employees. But, now, I want to hire an employee...
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what programs do you recommend for do it yourself'ers??
and Tom if I paid my adult daughter for asst me in daycare, whats the limit of the gift... -
I know we cannot write off our cell phones if it is considered our 1st line, however, one day when I had DCG with me and we were on our way to somewhere,...
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My husband has a friend who owns his own heating & air conditioning business, and he always takes care of clenaing our furnace, recharging/repairing...
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I put outdoor carpet on my front deck so no one would slip when its wet, and a big outdoor carpet by the stairs to the enterance of the deck. Would this...
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My income was 4150, and my expenses including my depreciation, are like 3980..I have no idea how my "time" worked doing other things when DC...
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I just paid $400 to have my taxes done.
Just wondering how to claim this business or personal and at what percent each. Technically it is both... -
My taxes got paid Oct 2010 for the "year" of June 30 2010-July 1, 2011. The amount that was paid Oct 2010 & Oct 2009 are different. So...
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I just feel we can never say thank you enough for all of you time and input on this forum! I thnak you from the bottom of my heart, and have truly learned...
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I have applied for a $2400.00 grant and now thinking about applying for another $400.00 one but my husband told me not to do to many cause it would add... -
Since I am almost out of business except my one DCG, (I am not taking any more on and have sold 98% of my stuff) would it be better for me to take the...
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I'm just throwing questions out there as I am working on stuff..
In Toms book it says we must keep written records, photos etc of stuff... -
Tom,
I would like to thank you for sharing all of your valuable information on the daycare business and daycare taxes. Between your books,... -
Not a new car but a used, 2003 SUV. Can I claim any of it since now I have a new car loan & interest?
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I received a call today from an old daycare parent. She is requesting tax information from 2006. For some reason they didn't file their taxes that year....
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Does your book, Family Child Care Money Management and Retirement Guide, talk about how a self-employed child care provider would go about getting financed... -
I am attempting to do our taxes. I opened my in home preschool last fall and got married last summer. We have 2 kids. I made $5500 from my in home preschool,...
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Tom, I was reading in one of your books about the deprciation and it said somewhere to write down and keep track of past improvements. Maybe I missed...
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I started daycare last year and need to find someone to help me do my daycare taxes. I dont really know what I am doing. What is the best way to find...
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I filed my taxes on Feb. 16th and have received my federal return on March 4th with no problems. I have been checking the status of my New York State...
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Ok, I'm stuck again...I'm confused on which items in my house are to be depreciated. I *thought* it was items over $100? But as I'm reading through your...
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I am at my wits end with conflicting advice from 2 tax people, 2 insurance people and an attorney.:confused: I have been doing home daycare for a year... -
Do I really have to enter stuff like cleaning day by day...or can I do it, like, month by month and enter the total number of hours I spent cleaning or...
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I am almost ready to make a appt to have someone do my taxes, however, I am not sure which reports I should print out from MMK to take with me. Is there...
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Can I claim meals I feed infants even though I don't provide the breast milk/formula/baby food? I'm not on the food program, so I'm not sure how this...
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I was just wondering. I live in my boyfriends house and I run my licensed daycare out of our home. But, if the mortgage, car insurance, cell phones...etc...
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I have a ton of toys I could be writing down that I have owned in my home. But I only had one infant for 2010 could I just use these toys in next years...
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Thanks to everyone who participated in the webinar last night. It was a lot of fun for me. Thanks also to Michael for sponsoring this.
... -
Just wanted to say THANKS to Michael for sponsoring and Tom for giving his time to the tax webinar this evening! Lots of great information!
After... -
How do you claim the time spent on laundry? Sorting, folding putting away DC stuff?
I mean we only can claim the time it takes us to put... -
I am working on my home improvement/yard folder. This is home improvement & yard stuff, and I need some clarification on what is and isnt deductable....
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My mortgage payment includes property tax, school , tax and the homeowners insurance, so which elements can I write off? Do I have to get the break down...
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I thought it would be helpful if we all could add something to the "worked when no kids are here" list, because we dont always think of everything...
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I sent an e-mail on this to the address on your blog, but have not gotten an answer back, so I'm hoping you'll answer here
I really... -
Just curious as to what the figure is for other providers for their time/space, this is my first full year, so I'm curious to see how many others are...
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Is there a special spot to enter for start up expenses in mmk? or just in the area under house hold expense? For like baby swing high chair bouncy seat...
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So my upstairs is off limits, besides the bathroom. My son's room, however (that is upstairs), houses many of the toys we rotate into the daycare. So,...
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I found out that I am exempt from needing a license in California if I am caring for one family. I am in the process of getting my license now. A friend...
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I guess I'm confused as to what you depreciate and claim as a expense. I think I read it somewhere on MMK that (this is a example) that a baby swing is...
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Tom what if all my belongings and startup costs end up coming out to more than i even made this year I watched a baby for 2 months made 985.00 but i know...
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I have one of your books, and I went to order another one but they are sold out. So I can try again, however, are any of your books available as ebooks...
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So I am at the point of getting caught up in entering my time worked when kids were not here, and I was just wondering what the "acceptable"...
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I am soo brain dead from my Insomnia.. I can't remember where I enter the time I am working when there are no kids here, such as cleaning etc. So where...
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I just want to make sure I understand this. I must (and I mean its required no matter what) file a 8829 for the use of our house. So that means I have...
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I will be hiring an assistant and a teenage summer helper. Which of Tom's books would help me understand everything I need to know to pay them to correct... -
Tom, I am really trying to understand what I can and can not count as my space percentage.
In the 2010 Tax Workbook & Organizer on... -
I know this was asked once, but now I cant find it...
If I claim the standard mileage rate, does that mean I CANNOT deduct the cost of... -
I entered everything I could in MMK and added the tax. Now I find out that some things do not have sales tax.......I mean I know food is not taxable,...
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Thanks Tom in advance! I am needing your suggestion on hiring my own children...I read in your guides about this and have done what was said. I have...
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I just want to publicly thank you, Tom, for being willing to give up your time and your vast knowledge to us here. I really appreciate it, and I know... -
*sigh*......I have all the paperwork (at least for my business) done on actual paper. I did my return using TaxAct and it's completely different! I...
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Ok so I moved in June. I did 2 8829's (im using TT), it asks me the question estimate the percentage of time you spend conducting business in this home...
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hello all
I have a daycare and today i went to see a tax person specialized in daycare taxes, after i gave her all my paper she charged me $250... -
You are invited to see and hear Tom Copeland present a timely webinar “How to Reduce Your Taxes for 2010 and 2011” on Monday, February 28th.
This... -
My question is what if you do show a loss each year?? I've did daycare for 10 years and have showen a loss I think for almost all 10 years, because I...
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I took a loss last year because I was new, only open a part of the year, and never filled up my daycare. This year, I'll be open the entire calendar year,...
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I am getting ready to order these 2 books, Family Child Care 2010 Tax Workbook & Organizer and Redleaf Calendar Keeper 2011.
Is there... -
When going through receipts for anything that you purchased solely for daycare, do you add in the sales tax also? Or just the actual price of the item...
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Please help! I think I've re-read this stuff too many times and have confused myself! I started child care in 06. In 09 we had a home improvement and...
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Does anyone use Minute Menu and then Turbo Tax? I'm getting a different percentage when I put my info into one vs. the other...
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I've used TaxAct for around 5 years now, but this is the first time I've had my own business, so I never even looked around to see how business-friendly...
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Something doesn't seem right..With the 2 kids I had here in Dec, my t/s comes out to be 12.3% and so far now for jan with 1, its only 11.4...In dec, the...
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I am going to make a phone call to IRS to get EIN today. I know that I will get it right away. I need to know if I can use it for taxes 2010 that I... -
Has anyone here started an LLC and file as an S corp?? I am getting my articles of organization ready now using the "LLC and Corporation Start up...
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When I rented my house, I told the landlord that I would be doing home daycare. She said OK, but she raised the rent by $50/mo for that particular reason....
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I wonder if his books will be available as e-books anytime soon? I would definitely love to get them on my Nook!
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I officially started daycare as of Sept. 3rd. I had 1 steady child for all of Sept & Oct, no one for November, and another child started Dec. 15....
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I entered all my daycare info, I double and triple checked EVERYTHING so I know it's accurate...when I finished it said I was at "medium risk"...
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Question: 2010 was my first year in buisness. I spent around 250$ in curriculum to use throught out the year. For the most part, in my care, was 4 dc...
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My husband has been employed by our church as a pastor for 10 years. This year he completed his goal of becooming ordained, which means that part of... -
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I know I'm not the only one to say this, but thanks for all the help you've been giving out regarding tax questions. I wasn't in business last year, but...
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So while I was entering expenses today, I came across another question when it came to my cable bill. My internet is provided through my cable company,...
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I know its food, but if you make baked breads, cookies, etc, can we write off the costs of buying these items too when they are for gifts to DCM's?
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LOL Just wondering, since I am going through all my reciepts!
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I'm confused..I know the some of things that we are able to write off such as aluminum foil, light bulbs, lawn care, etc. What I dont understand though...
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Can I still do one statement for the whole family or should I do a statement for each child? This is my first year with a family with 2 kids.
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Since I use my car for DC, field trips, shopping, banking, etc can I write off with t/s% :
new wiper blades
anti-freeze
new... -
I was just wondering how you enter items if you used coupons for those products? For example, I bought Dishwasher Tablets, but after manufacturers coupons,...
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Tom...throughout the year, I provide services for a couple of outside organizations that I recieve form 1099 for. The income is for "independent...
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Tom,
Do I also need to figure out my Time/Space % before entering my all utilities into Turbo Tax? I think I did it wrong last year on... -
So, all providers in the State of Ca. have not yet recieved reimbursement for the month of October 2010, which we should have recieved in December. The...
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Tom, I want to order your books but I have a couple questions. The one book that everyone suggests is the 2010, my question is this book for my taxes...
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I can't seem to find a definite answer to the following question: Can I deduct Medicare Part B and/or Part D premiums as a self-employed health care deduction?...
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I have an almost 4 year old dcg who has recently been diagnosed with ADHD. I was actually happy to hear that as it gave some reason to her extremely...
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Question
If I am on here reading to get info and all the other stuff we get out of this thread and I have nobodys child I can count the time... -
Recently it was implied that because I don't have a license, I shouldn't have a contract, and that my contract wouldn't hold up in court. I'm not caring...
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I have been tossing around the idea of giving my parents one week free on their first annivsary with me. It's not in my contract but I really appreciate...
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Can anyone in MN (hopefully twin cities area) recommend a good accountant that you use for your taxes?
I am not happy with the person I... -
Started daycare August 2008-when I had my taxes done for that year, my tax preparer figured up my time/space percentage. I explained to him that I used...
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I am new to dc...just started in Aug. I have been entering data into Minute Menu...love it. However, for deducting expenses what percentage do I use...
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I termed a family last week and their last day was suppose to be Thurs. On tues, I printed out a statement of fees paid including the Thurs even though...
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So I gave DCM a choice of paying either $30/day and she provide all the food, or pay $35/day and I will provide all the food. They have chosen to go with...
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I am currently reading one of Tom Copeland's books on taxes. It was talking about purchasing food and keeping track of your receipts....came down to...
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How does the depriciation work?
Like what does it mean in MMK when they ask for the depriciation method of 39 straight yr or other?
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I have put aside some money and i want to buy Tom's book - which is the most beneficial for me while trying to figure out my taxes, claims etc.. for...
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I have been reading your record keeping book and of course it talks about keeping records for milage, expenses, time spent cleaning daycare things etc...
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I thought it was free and it's great...but then last night I noticed "free trial". Does anyone know how long it lasts for? It's 60 something...
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Ever since the Debit card was born, I have not used a ckbook..Seriously...I havent used one in over 14 yrs...I just go by my online transactions everyday....
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I just opend my daycare this spring and bought the 7th edition to know what I should keep track of. Are there any major changes in his 8th edition that...
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What is the equation for finding this out?
Also I have another question, I live in a split level house and I have only been using my upstairs... -
I see everyone recommends Tom Copeland's Tax book and I want to purchase it...but I can only find 2009. Will there be a 2010 version that i should wait...
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I was wondering what kind of hours everyone averages out at the end of the year?
Total hours worked?
Total hours of prep, cook, clean, shopping,... -
I recently put a sign up after 5 years of doing daycare legally. Know the village is telling me that they're going to charge me extra money for garbage...
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I've looked on other threads but havn't found an answer to my specific question. I was on the food program so reimbursement for food was always spelled...
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I have come up with a business name, but I do not want a LLC or a DBA. So can I use this name on a website I want to create and can I use it on all my...
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I have not yet participated in the food program...when you get a payment check for the food program, is that counted as income?
I'm asking... -
Hi,
I need advice~
I have been advertising on craigslist, centralized mailboxes, grocery stores, still waiting for license in the... -
MMK suggests that we should always ask for separate reciepts for Dc & home and to keep all personal grocery reciepts so that you can show you separated...
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So Tom Copeland agreed we need to copy & keep reciepts so they dont fade etc. So I want to buy a scanner/copier to do this. My question is, if I am...
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I started babysitting mid February of 2010 and then started my licensed in home daycare June of 2010. I've made quite a bit of money on the tuition that... -
When you interview with a family that you are definitely not going to take, how do you tell them? I want to tell this mom that I don't think the child...
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Any information on exactly what a non profit daycare is? I have read that there is a greater chance for your Daycare to get grants if is a non-profit...
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I'm in NJ and can only legally have 5 unrelated children in a licensed center, however someone told me "unofficially" that you can get away...
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I care for 5 children in my home, and up until now, the parents have provided all the food, snacks and drinks. I am thinking about starting to provide... -
We'd like to match our rates to those of the other daycares in the county, if their rate is more than our's. But how do you find out how much to charge...
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Hi Everyone,
I am working on opening my own family daycare in Florida and I am super excited. I have wanted to do this for a long time but... -
What do you all do? I always post my rates in my ads because it prevents wasted time & interviews. I would rather have someone contact me knowing...
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What are the regulations regarding outside ages? How old does a child in your childcare have to be to be able to play outdoors alone? Do they have to...
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I just curoius as to what other providers charge what is included and where they are located. If you are lisenced or not.
When I lived...