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I just started daycare in 2010. Up until this point, I've always done my own taxes with no problem. Now I am completely overwhelmed.
I did a lot to my home to start this business. I finished my basement, bought all new furniture and supplies, put up a fence, etc. I know the bulk of that is depreciated, but I don't know how to sort it all out.
As for other stuff, I have piles of receipts all over my house. I also have mileage figures jotted down and the amount of time spent on stuff figured to some extent.
I do not have MMK. I also do not have any of Tom's books. The funny thing about that is that Resources for Child Caring is literally across the street from my home (a busy street) and they sell all of his books, but I cannot get there because they are open 8-5 M-F. I could order them, but it seems silly since I have such easy access to them...I just can't get there. Also, I do not know which books I need to purchase.
I do plan to do the webinar, which again seems silly to me because Tom is very local to where I live and does presentations all over the place frequently. Again, I just am not organized enough to get there.
I also don't know how to find someone to prepare my taxes. Or, can I do them myself? I could if I had the right program? Would Turbotax business work, or will it miss some of daycare's specific laws? Could my accountant sister help me, or does she lack critical information specific to child care?
I am so lost. I am just clueless. I don't even know what I need to start doing this. I will be the idiot of the webinar for sure! Any advice is much appreciated!
I did a lot to my home to start this business. I finished my basement, bought all new furniture and supplies, put up a fence, etc. I know the bulk of that is depreciated, but I don't know how to sort it all out.
As for other stuff, I have piles of receipts all over my house. I also have mileage figures jotted down and the amount of time spent on stuff figured to some extent.
I do not have MMK. I also do not have any of Tom's books. The funny thing about that is that Resources for Child Caring is literally across the street from my home (a busy street) and they sell all of his books, but I cannot get there because they are open 8-5 M-F. I could order them, but it seems silly since I have such easy access to them...I just can't get there. Also, I do not know which books I need to purchase.
I do plan to do the webinar, which again seems silly to me because Tom is very local to where I live and does presentations all over the place frequently. Again, I just am not organized enough to get there.
I also don't know how to find someone to prepare my taxes. Or, can I do them myself? I could if I had the right program? Would Turbotax business work, or will it miss some of daycare's specific laws? Could my accountant sister help me, or does she lack critical information specific to child care?
I am so lost. I am just clueless. I don't even know what I need to start doing this. I will be the idiot of the webinar for sure! Any advice is much appreciated!
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