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Daycare Center and Family Home Forum Daycare Center and Family Home owners, Directors, Operators and Assistants should post and ask questions here. |
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#1
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Time/Space Too High?
What is a "common" time space percentage? Our new tax preparer said that our 81% is too high. Last year it was 73%. We use 100% of our home for daycare and/or storage. I work from 7am to 5:30 pm with holidays and a few vacation days. I also did the other time as Tom Copeland has talked about. Maybe mine is on the high side? I'm just curious on others.
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#2
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I work 14 hours a day, 4 days a week, and mine's roughly 41%
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#3
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That is very high number. I think most are around 25%ish?
http://tomcopelandblog.com/how-to-ca...e-year-is-over I guestimated and have you at 37% Time, if you use all your space it would be 100%. Your T/S would be around 37%. |
#4
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Quote:
7a-530p= 10.5 hours + 1 hour for prep/clean= 11.5 hours a day 11.5 hours * 5 days per week= 57.5 hours a week 168 possible hours in the week 57.5/168*100= 34% time * 100% space = 34% time space |
#5
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Just don't forget any hours you spend doing daycare related things: shopping, cleaning, curriculum prep, interviewing.
Most of that for me is on the weekend, so I add in that time. |
#6
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my entire house, excluding the bedrooms are all daycare related. Even one of our bathrooms is, have a small installed toilet.
Mine is 74%.. |
#7
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I use Minute menu. It says
Space percentage-exclusive area of home 1089 sq ft exclusively used in business -------------------------------------------- = 73.33% 1485 total sq ft in the home Space percentage- Refular use area of home 396 sq ft regularly used in business ----------------------------------------- =26.67% 1485 totals ft Time percentage 2768.50 hours home is used for business ----------------------------------------------- = 31.53% 8784 hours in 2016 Time/Space percentage 73.33% exclusive area + (26.67% space x 31.52% time) = 81.74% time/Space percentage. I plugged everything into minute menu and this is the results it gave. I will go through and double check numbers but I'm not sure what would be wrong? |
#8
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I think your mistake is you're writing there are areas that are exclusively used for your business.
Unless you're running your business in a separate home, that number should be pretty small. Exclusive business use means you don't use it for ANY other purpose. |
#9
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I used to be open 5:30 am to 6pm and I had CRAZY T/S that year |
#10
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My time/space is 100% BECAUSE I operate out of a separate home. If I am not working, I am NOT here.
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#11
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#12
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#13
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Mine is generally 37% to 41%.
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#14
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Mine is almost all daycare. I have 1200 sf and 875sf is all daycare
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#15
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You have a point... Hell my entire home isn't even 780 lol. The one bdrm I can claim 100% is 130 sq ft inc closet. The rest of my house ( inc my bdrm) I use 12 hrs a day with kids here... it's not a big place
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#16
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Tags |
time space percent, time space percentage, time space percentage - limits |
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