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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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What category on MMK do gifts to daycare clients/children go?
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#2
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They go under activity expenses.
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#3
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Gifts to parents can be labeled as "gifts" and put under Other Expenses (subject to the $25 limit per year per person). Gifts to children should also be put there. However, items given to children that are used by the other children in care should be listed as activity expenses.
See my article that explains this: http://www.tomcopelandblog.com/2012/...your-care.html
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http://www.tomcopelandblog.com |
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