Daycare.com Forum Daycare Forum

Go Back   Daycare.com Forum > Daycare and Taxes

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.

Reply
 
Thread Tools Display Modes
  #1  
Old 02-05-2013, 04:01 AM
EAP's Avatar
EAP EAP is offline
Daycare.com Member
 
Join Date: Aug 2012
Location: Lala Land
Posts: 224
Default Recording Meals Not On Food Program

I use MMK but just dropped the food program - do I still need to keep as detailed records of the food served for standard tax purposes or can I do something more basic?
Reply With Quote
  #2  
Old 02-05-2013, 11:23 AM
TomCopeland's Avatar
TomCopeland TomCopeland is offline
Business Author/Trainer
 
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 3,066
Default Food

It's a financial mistake to drop the Food Program. You are always better off financially if you are on the Food Program.

For tax purposes, you need to keep track of all the meals and snacks you served to each child, each day. This is true whether you are on the Food Program or not. You don't need to keep menus and you don't have to serve nutritious food if you are not on the Food Program.

Join me for a webinar “2012 Tax Changes: How to Avoid Mistakes on Your Tax Return” Tuesday, February 12th at 8:30-10:00pm Eastern Time. The cost is $25 (100% tax deductible!). To register: http://events.r20.constantcontact.co...&llr=yatrx4cab
__________________
http://www.tomcopelandblog.com
Reply With Quote
  #3  
Old 02-05-2013, 07:30 PM
EAP's Avatar
EAP EAP is offline
Daycare.com Member
 
Join Date: Aug 2012
Location: Lala Land
Posts: 224
Default

Thanks - it was a work /life balance issue to drop it.
Reply With Quote
Reply

Tags
mmk, record keeping

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Daycare Food Program DonnaJean Parents and Guardians Forum 18 03-07-2013 05:12 PM
Finally getting my license and food program melilley Daycare Center and Family Home Forum 5 01-17-2013 09:38 AM
Question About California Food Program Oneluckymom Daycare Center and Family Home Forum 4 09-30-2012 08:59 PM
Food Reimbursement Question For Those That Aren't On The Food Program MarinaVanessa Daycare and Taxes 17 10-06-2010 02:47 PM
Food Program tenderhearts Daycare Center and Family Home Forum 17 07-28-2010 06:28 AM


All times are GMT -7. The time now is 05:28 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming