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Unregistered 10:17 AM 09-19-2014
I see a lot of you have said you charge a yearly fee, then go buy toys, office supplies (ink, paper), art supplies, paper goods (TP, PT, Etc). Do you not deduct them on your taxes as expenses for the daycare business? I have never charged a parent any kind of an activity fee that would cover something like that because as a Business, I am expected to supply those on my own, out of my pay, and in turn take it as a deduction.

IF i charged an activity fee, I would keep that money to cover entry costs into venues I might take the kids to, a paid art activity fee if we went somewhere that charged for something like that, etc. I cant see taking extra money from parents for things we can deduct off our taxes as expenses for our business.
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