Daycare.com Forum
Daycare and Taxes>Time Calculation
Teach54 09:14 AM 01-25-2016
I teach a preschool from my home, 3 days per week. I am not open in June, July or Aug. to figure my time space % do I use the whole year or can I divide by the hours in the months that I am open for business?
Thriftylady 10:53 AM 01-25-2016
That is a good question!
TomCopeland 10:19 AM 01-26-2016
Originally Posted by Teach54:
I teach a preschool from my home, 3 days per week. I am not open in June, July or Aug. to figure my time space % do I use the whole year or can I divide by the hours in the months that I am open for business?
Divide the hours you work in 9 months by the total number of hours in 9 months to get your time space %. Then apply this percentage to your house expenses for 9 months.I teach a preschool from my home, 3 days per week. I am not open in June, July or Aug. to figure my time space % do I use the whole year or can I divide by the hours in the months that I am open for business?
Teach54 12:29 PM 01-26-2016
Thanks so much, Tom, that will really help me out!