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Something I never think of that I read in Tom Copeland's article, is that if you serve extra snacks during the day that don't get reimbursed, you can deduct that from your taxes. For instance, we have many popsicle breaks(he mentioned that in his article) during the summer after hot outdoor play. I've never deducted the extra cost.
If our typical dc meals cost over what we get from the FP, can't we deduct that extra too? When I get my taxes done, all I do is tally up the # of breakfasts, etc., and multiply what is paid by the FP. I've always been lazy about it.
But couldn't we figure out what our typical menus cost, and use that instead?
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I went grocery shopping just last night and was thinking wow - I used to get away with spending between $100 and $125 a week and now its $125-$150 a week only 4 years later. I offer fewer second servings now too!Comment
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Yes! It is ridiculous how much (healthy) food costs. Between my own family and DC, I spend about $1,000 on food and paper products. That is with stocking up when things are on sale, using coupons when able to and buying what is on sale. DD does have some food allergies so we have to buy some special products, which doesn't help. But it is what it is.
We eat a lot of oatmeal and I stretch foods. So turkey tacos are made with turkey meat and beans, rice and oatmeal are purchased in bulk and special fruit items (like strawberries, blackberries, pears, etc) are often mixed with whatever fruit is on sale (which is usually apples in the fall, and peaches or nectarines in the summer). I also freeze a lot of fresh produce to add to oatmeal and muffins.Comment
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I read that centers' rates are based on the cost of food away from home and that in-home is based on the cost of food at home. So, centers get paid based on the cost of restaurant meals? This makes no sense to me.Comment
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food expenses
You can either use the standard meal allowance to claim your food expenses or use the actual cost of the food. If you use the actual cost you will need to save all your food receipts (business and personal) and estimate your actual food expenses. Here's an article explaining how to calculate your actual food costs: http://tomcopelandblog.com/how-to-claim-food-expensesSomething I never think of that I read in Tom Copeland's article, is that if you serve extra snacks during the day that don't get reimbursed, you can deduct that from your taxes. For instance, we have many popsicle breaks(he mentioned that in his article) during the summer after hot outdoor play. I've never deducted the extra cost.
If our typical dc meals cost over what we get from the FP, can't we deduct that extra too? When I get my taxes done, all I do is tally up the # of breakfasts, etc., and multiply what is paid by the FP. I've always been lazy about it. But couldn't we figure out what our typical menus cost, and use that instead?Comment
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m sorry for saying this but WTF? Honestly I think one day I will just quite the food program. I don't think it's worth it. Makes no since to lower the meal rates. I guess we will just have to raise our rates every year.Comment
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I've always been on the Tier 1 rates which has been great. But I just found out Vt. is the only state that increases their Tier 2 rates through funding, to make it more feasible. Why Can't more states do that??
Tier 1 Rates
1.31
2.46
.73
Vt. Tier 2 Rates
1.29
2.44
.64Comment
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I'm confused. The food program went down. My children's school lunch cost went up. How do they figure this out?Comment
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Schools are paid based on the cost of meals "away from home". In home childcares are paid based on the cost of meals "at home". They use different formulas to determine reimbursement. Which seems weird to me, since schools can buy in bulk and save a lot by doing so, when we're buying at the full price grocery store!Comment
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