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Daycare and Taxes>Time Space Percentage
NillaWafers 11:36 AM 12-21-2015
So, I didn't really open for business until June of 2015. However minute menu is counting all of 2015's hours towards my time space percentage.

Should I be using the whole years hours or just the hours from June-December?
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Thriftylady 11:42 AM 12-21-2015
Tom Copeland's book says "count the total hours of the weeks you were in business. Apply the percentage to bills from only the time you were in business".
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sammie 12:15 PM 12-21-2015
Originally Posted by NillaWafers:
So, I didn't really open for business until June of 2015. However minute menu is counting all of 2015's hours towards my time space percentage.

Should I be using the whole years hours or just the hours from June-December?
In Minute Menu, click on accounting, click on time/space percentage, click on space, then check the box that says "my childcare business was in operation for only a portion of 2015". It then will pop up a spot to list when you started your business.

Hope that helps!
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