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We have been shut down since the mid-March shelter in place orders. We are now permitted to be open, but have remained closed. We intend to reopen, but...
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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... -
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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Hello, we operate a home daycare in a state that allows a home investment tax credit for home daycare providers for purchases of qualified personal property...
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My spouse is the only person listed as an owner of the daycare business. If I purchase supplies for the business can the IRS gig that in an audit? E.G....
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I must be missing some weekly cleaning or bookkeeping recordings because my t/s ratio is low. Did everyone get theirs done or calculated? Can I ask...
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Can time spent on daycare forums or Facebook pages after kids are gone be counted in time and space? I did not track last year but it adds up.
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I am attempting to complete my 2017 taxes following an extension. Turbo tax is confusing me, and I’m hoping for clarification.
Does... -
I was wondering what happens on taxes when you own your home and have been doing daycare and decide to close!
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Tom,
I only provide care during the school year. I know I count days here and there that I am off in total hours. Do I count hours for June to... -
To figure out your time-space used...for the space portion you can't count the hallways and bathroom correct?
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Hi all! I am in the beginning process of starting In home group care with two of my friends. We are trying to figure out income. How do you pay your assistants?...
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What is a "common" time space percentage? Our new tax preparer said that our 81% is too high. Last year it was 73%. We use 100% of our home... -
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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Hi!
I can't remember what areas of the house we can count in our time/space %. Do halways count? Garages?
My computer desk is in my bedroom,... -
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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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...