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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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Old 03-21-2018, 03:47 AM
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Default Petty Question

After seeing another post with dollars/cents, is it okay to round up or down to the nearest dollar amount? It's what I've been doing for years.
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Old 03-21-2018, 04:28 AM
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Originally Posted by Josiegirl View Post
After seeing another post with dollars/cents, is it okay to round up or down to the nearest dollar amount? It's what I've been doing for years.
I've always rounded up or down. We have an accountant do our taxes and he's said it was fine.
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Old 03-21-2018, 06:23 AM
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I doubt that would work for a nickel and dime store though.
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Old 03-21-2018, 09:32 AM
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Originally Posted by Josiegirl View Post
After seeing another post with dollars/cents, is it okay to round up or down to the nearest dollar amount? It's what I've been doing for years.
Yes, you can do this. The IRS recommends it. I do it.
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