How Would I Include This Week For Year End Tax Statements

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  • melilley
    Daycare.com Member
    • Oct 2012
    • 5155

    How Would I Include This Week For Year End Tax Statements

    I am preparing an end of the year tax statement for my dc families. For this week, since it includes 2 January days, do I just divide the weekly rate into the 5 days and do the daily rate for the 2 days in Dec. and do a daily rate for the 2 days in Jan. and include the January days for this year (2014O? Or can I just include the whole weekly rate for this week for 2013?

    I hope this makes sense!
  • MrsSteinel'sHouse
    Daycare.com Member
    • Aug 2012
    • 1509

    #2
    If they handed me money last year it is last years, if they hand me money this year it is this years SO those that paid me on Monday, it was on 2013. Those that pay me today or friday it is this year. Parents that prepaid all of January in December it is last year.

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    • snbauser
      Daycare.com Member
      • Jan 2011
      • 1385

      #3
      You count the income for the year when you received the money.

      Comment

      • TomCopeland
        Business Author/Trainer
        • Jun 2010
        • 3062

        #4
        payment

        Originally posted by MrsSteinel'sHouse
        If they handed me money last year it is last years, if they hand me money this year it is this years SO those that paid me on Monday, it was on 2013. Those that pay me today or friday it is this year. Parents that prepaid all of January in December it is last year.
        Exactly right.
        http://www.tomcopelandblog.com

        Comment

        • melilley
          Daycare.com Member
          • Oct 2012
          • 5155

          #5
          Thanks everyone!

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