Events for Families?

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  • Josiegirl
    Daycare.com Member
    • Jun 2013
    • 10834

    Events for Families?

    Can the entire cost of putting on an event for dcfs, be taken off taxes? For example, everything we buy for a Christmas party where we invite all the families, or potluck dinners, things like that?

    I'm hosting a potluck dinner for dcfs tomorrow and have been adding up the costs. Extra Halloween decorations, extra activities for siblings, costs of making food, supplying tableware, drinks, etc....yikes.

    Thanks!
  • Josiegirl
    Daycare.com Member
    • Jun 2013
    • 10834

    #2
    Bringing it back hoping for an answer? Thanks!
    If it makes any difference, these are events I'm doing to fulfill STARS requirements.

    Comment

    • Mike
      starting daycare someday
      • Jan 2014
      • 2507

      #3
      The costs to put on the event should be allowed to be considered business expenses, so at year end that would come off your income and lower your taxes.
      Children are little angels, even when they are little devils.
      They are also our future.

      Comment

      • TomCopeland
        Business Author/Trainer
        • Jun 2010
        • 3062

        #4
        events

        Originally posted by Josiegirl
        Can the entire cost of putting on an event for dcfs, be taken off taxes? For example, everything we buy for a Christmas party where we invite all the families, or potluck dinners, things like that?

        I'm hosting a potluck dinner for dcfs tomorrow and have been adding up the costs. Extra Halloween decorations, extra activities for siblings, costs of making food, supplying tableware, drinks, etc....yikes.

        Thanks!
        Deduct the entire cost as advertising or as an activity expense.
        http://www.tomcopelandblog.com

        Comment

        • Josiegirl
          Daycare.com Member
          • Jun 2013
          • 10834

          #5
          Thank You

          Comment

          • LysesKids
            Daycare.com Member
            • May 2014
            • 2836

            #6
            Originally posted by TomCopeland
            Deduct the entire cost as advertising or as an activity expense.
            This helps me out too... I'm hosting a winter party for daycare families in 2 weeks and the extra stuff adds up quickly

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