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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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#1
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I'm trying to calculate my TIME PERCENTAGE and I'm wondering what others put down. Does 465 hours when children are NOT present seem too high?
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#2
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I have 522 hours...now I'm wondering if mine is too high? What do others have?
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#3
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Don't worry about what other providers are claiming. Everyone is different. I a national survey done a number of years ago, providers said they spent on business activities when children were not present was 13.9 hours a week, or 728 hours a year.
You should keep at least two months of careful records showing these hours. Then you can use an average for these two months for the rest of the year. Keep tracking two months each year.
__________________
http://www.tomcopelandblog.com |
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record keeping, records, time space percentage |
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