silly question

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  • care-care
    Daycare.com Member
    • Oct 2010
    • 186

    silly question

    Do any of you buy your kids gifts like for birthdays or christmas? and can they be a write off? as you can see im trying to get all my tax info entered it was just a thought
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    gifts as deductible expenses

    If these toys are used in your business, you can deduct the time-space % of their cost.

    Join me this Thursday evening for my webinar "2011 Family Child Care Tax Update: How to Reduce Your Taxes" where I'll discuss the new tax changes and more. For details: http://events.r20.constantcontact.co...&llr=yatrx4cab
    http://www.tomcopelandblog.com

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