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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 01-15-2013, 12:17 PM
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Default Tax Preparer or Do Them Yourself??

The one place in my area that specializes in day care taxes is not accepting new clients this year. I have done my own for about 8 years with the help of Tom Copelands publications.
I wanted to have them done for me this year just as a double check on how I have been doing.
Do you do your own taxes or have them done??? Just curious what others do.
What if audited and I do them myself? make any difference??

Curious in ohio.
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Old 01-15-2013, 12:49 PM
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kendallina kendallina is offline
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I've done them myself since I opened the past three years. I would not be able to do them without Tom's books. I don't worry about being audited. I do the very best that I can and if I get audited, I get audited. Even if I made a mistake, it's not like I'd go to jail or anything, I would just have to rectify it. Not something to worry about.
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Old 01-15-2013, 03:18 PM
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My DH and I are both self-employed. We pay a professional tax preparer to do our taxes. It costs around $200 per year.
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Old 01-15-2013, 06:25 PM
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This is my first year doing daycare. Started with 4 right in January now full at 7 so I did well my first year! We are going to H&R Block because I went to a guy last year and questioned him a lot on daycare taxes and he knew a lot of information. I'm still doing my best to know what I can and can't do, but I definitely will rest assured having someone else do it. Sure it's a few hundred dollars, but their is much less stress and with my first child due within the month I don't need any more stress than trying to prep for taxes!
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Old 01-17-2013, 09:25 AM
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I'm doing my own for the first time since 1997. Last year my accountant's bill was $651. It's always been high, but last year was the last straw. I'm a bit nervous, but I have a pretty good idea of what goes where so I'm taking the plunge.
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