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 08-10-2011, 03:12 AM
magsgma's Avatar
magsgma magsgma is offline
New Daycare.com Member
 
Join Date: Apr 2011
Location: Pennsylvania
Posts: 48
Exclamation What do you provide for Gross Receipts

I have to submit gross receipts to the city. What do you provide? I am concerned about privacy issues and the waste of paper. I was considering a copy of the W-10 for the requested year (s) and whiting out the names.
What is the proper proof of gross receipts to use?
Reply With Quote
  #2  
Old 08-10-2011, 04:42 AM
Cat Herder's Avatar
Cat Herder Cat Herder is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 13,753
Default

This is all I know...so I assume your w-10 should suffice


General Information

The City extends the privilege to engage in a commercial enterprise by issuing a business license. Persons without a business license may not lawfully engage in business. The license, which is often referred to as a permit or certificate of eligibility, must be renewed annually. Businesses, professionals, and occupations that meet all qualifications and legal requirements are eligible to obtain licenses upon application and payment of the license tax.

Who Must Pay the Tax

All persons (including corporations, partnerships and individuals) doing business in the City of Alexandria, or self-employed professionals on a part-time or full-time basis who have annual gross receipts in excess of $10,000, are required to pay an annual tax on gross receipts earned in the City. (This includes persons with "home occupation" businesses.)

Definition of Gross Receipts

Businesses, professions, and occupations are assessed an annual tax based on gross receipts earned during the past year. Gross receipts may be calculated on either a cash or accrual basis, but the basis must be the same as that used for federal income tax purposes. Gross receipts are the whole, entire, total receipts attributable to the licensed privilege, without deductions. No deduction may be made for the cost of the property sold, the cost of materials, labor, services, or other costs, interest or discounts paid, or any expense whatsoever
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.
Reply With Quote
  #3  
Old 08-10-2011, 08:44 AM
magsgma's Avatar
magsgma magsgma is offline
New Daycare.com Member
 
Join Date: Apr 2011
Location: Pennsylvania
Posts: 48
Default

Thank you for that info that was helpful. Based on that info I was confident that I was supplying what they need.
Now for the funny part. He never looked at my records! Apparently they didn't think that I had a license (okay why was I sending a check every year since ummm 4-ever
Must have happened when I decided to use a ficticious name - I submitted a letter and they changed the name but...........
When I gave him my account number he came back and said that was easy... You are all paid up until 2011..
Thanks Catherder for your reply - at least I was calm when I went in.
Reply With Quote
  #4  
Old 08-10-2011, 09:16 AM
Cat Herder's Avatar
Cat Herder Cat Herder is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 13,753
Default

I am glad it went well. Dealing with City Hall can be stressful...
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.
Reply With Quote
Reply

Tags
business license, business management, gross receipts

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
Receipts For Drop-Ins? MaritimeMummy Daycare Center and Family Home Forum 3 08-23-2012 09:27 AM
Do I Need to Save Receipts if I Copy Them? childcarebytori Daycare and Taxes 1 04-29-2012 11:19 AM
Help!!!!Re: Receipts For Food, Etc momofboys Daycare and Taxes 10 02-04-2011 06:45 PM
Do You Provide Infant Supplies Abigail Daycare Center and Family Home Forum 35 01-17-2011 06:07 PM
Confused About Grocery Receipts?? MommyMuffin Daycare and Taxes 6 01-11-2011 10:10 AM


All times are GMT -7. The time now is 03:27 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