Okay maybe I have lost my mind, but I am not understanding this entire time/space percentage thing and writing things off thing????? I have all of my reciepts of everything I bought, they aren't all sorted yet
, but probably up until about July they are sorted out by the month! I hire a tax lady to do my taxes and I pay her to do this! I usually sort all of my reciepts out by the month. I order a Calendar Keeper from Redleaf press and in there, there is a spot for everything I feel, I love it! I take each reciept for each month and there is a spot to write each thing you bought and how much you spent on each item, I fill this all out! All of my childrens hours and payments are kept in here as well along with all my meal counts! I do keep all of my grocery reciepts, but my tax lady and I have agreed to just use the standard meal allowance rates, which are also listed in this book and I just need to write in the total meals and it calculate it out! There is also a section in there for all of my bills, electric, gas, cable, phone, mortgage etc and I write down each month our payments! Everything is kept in the book, I love it and it helps me to stay organized! I just feel like I am doing something wrong with my reciepts however! I have NEVER done a time space percentage equation, I am sure my tax lady does, but how do you possibly know if she is doing it right and I am paying her to get me the most back for my money! I only file taxes 1 time per year and I pay her usually around $200.00! She always comments that I am the most organized daycare she does and that it is so easy for her to do because I have such good record keeping techniques, but I am just not sure I am doing this right! How do you know your tax lady is doing things right??? I am sure she is I love her, I just want to make sure I am getting the most for my money!!
For some reason I am freaking out about taxes this year, I feel like I made more money this year, but didn't buy anything big to use as a write off!!
Also how do you figure this all out before the end of the year, the entire time/space percentage thing without knowing the exact figures? I mean I can guess that everyone will stay here for the end of the year and how do you know that a family won't miss a day or two here and there - I give out 5 free days, so for me to figure this all out before Dec 31 is pretty impossible!! I don't know I think I have prego mind lately, I am a stress ball lately!!




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