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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 09-30-2013, 12:50 PM
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DaycareKim DaycareKim is offline
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Default Hiring Assistant

I will be hiring an assistant soon. Very part time, I will be paying out about $140/month. How do I claim this expense? Is she concidered an independent contractor?
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Old 09-30-2013, 02:31 PM
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I placed some tags at the bottom left that may help.. Here are more on assistants: http://daycare.com/forum/tags.php?ta...ent+contractor
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Old 10-01-2013, 08:16 AM
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I will be hiring an assistant soon. Very part time, I will be paying out about $140/month. How do I claim this expense? Is she concidered an independent contractor?
You must treat this person as your employee, unless she is set up as an independent business. See my article on this:http://www.tomcopelandblog.com/2011/...ntractors.html
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Old 10-06-2013, 12:37 AM
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I am doing my taxes from 2012 now and had an employee the entire year. Do I have "payroll expenses" as a category and just use gross wages as the overall expense? I already do my own quarterly taxes and withholding so i'm just wondering what number to use when I bring my taxes to a tax person later this week.
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Old 10-07-2013, 06:08 PM
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I am doing my taxes from 2012 now and had an employee the entire year. Do I have "payroll expenses" as a category and just use gross wages as the overall expense? I already do my own quarterly taxes and withholding so i'm just wondering what number to use when I bring my taxes to a tax person later this week.
You can deduct the wages paid your employee as well as all payroll taxes (federal and state unemployment taxes, Social Security taxes, workers compensation insurance). Call the first item wages and call everything else "payroll expenses" or "payroll taxes".
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