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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc. |
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#1
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Moving Halfway Through The Year
I'm trying to plan now for taxes next year. It looks like we are going to be moving this summer. I plan to continue doing daycare at the new location. I use MMK for my accounting. How do I handle the space portion of the time space % for next years taxes? What else do I need to do differently?
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#2
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Any suggestions?
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#3
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I found this thread.... https://www.daycare.com/forum/showthread.php?t=26304
Tom answers her question so maybe it will help you too... |
#4
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Thanks BC! Now to figure out how to do that with MMK. Guessing print out the reports when I close, update new square footage, and then print out the reports at the end of the year and subtract the 1st 8829 numbers to get the 2nd half of the year.
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#5
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Two homes
Quote:
Yes, print out your reports after you stop doing child care in the old home. Delete the time-space % numbers and reenter them for the new home. Apply the two different time-space % to the appropriate house expenses. Use an average time-space % for items you used in both homes.
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http://www.tomcopelandblog.com |
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tax advice |
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