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 01-27-2015, 05:09 PM
HappyHeartsChildCare's Avatar
HappyHeartsChildCare HappyHeartsChildCare is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: California
Posts: 10
Default Do I round up or down hours?

When counting hours open, do I round up or down? Or count it to the exact minute?

I am open 7:30am to 5:30pm. I only have one daycare kid right now. His dad drops him off and picks him up at different times each day.

For example... If they arrive at 8:25am and leaves at 5:10pm, how many hours do I write down on my log?
Reply With Quote
  #2  
Old 01-27-2015, 05:44 PM
daycare's Avatar
daycare daycare is offline
Advanced Daycare.com Moderator
 
Join Date: Feb 2011
Location: Mars
Posts: 16,021
Default

Quote:
Originally Posted by HappyHeartsChildCare View Post
When counting hours open, do I round up or down? Or count it to the exact minute?

I am open 7:30am to 5:30pm. I only have one daycare kid right now. His dad drops him off and picks him up at different times each day.

For example... If they arrive at 8:25am and leaves at 5:10pm, how many hours do I write down on my log?
what hours are you open ready for business? what does your licensing application state?

so mine is 730 to 530pm.

I am always open and ready to go during these hours. I have kids contracted for those hours, however some will not show up until 800 and leave at 515...

I could be wrong, but this is how I have always done it.
Reply With Quote
  #3  
Old 01-27-2015, 09:12 PM
HappyHeartsChildCare's Avatar
HappyHeartsChildCare HappyHeartsChildCare is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: California
Posts: 10
Default

My contracted hours are 7:30am to 5:30pm. I read somewhere that when logging in hours worked to calculate time-space percentage, I can only count the hours when there are daycare kids present?
Reply With Quote
  #4  
Old 01-28-2015, 08:31 AM
butterfly's Avatar
butterfly butterfly is offline
Daycare.com Member
 
Join Date: Nov 2012
Posts: 1,630
Default

I write down the very minute they come and go. It doesn't feel honest to do it any other way to me.
Reply With Quote
  #5  
Old 01-28-2015, 08:38 AM
tenderhearts's Avatar
tenderhearts tenderhearts is offline
Daycare.com Member
 
Join Date: Jan 2010
Location: HI
Posts: 1,448
Default

You can only count hours while a child is actually present. So even if you're open at 7 am but the first child doesn't arrive until 7:30 you can't count hours a child isn't present. However, in a separate column for hours of doing stuff for your business in home you can count, so if at 7 you started to prepare breakfast and clean up you can track those hours.
So for me, my first 3 kids arrive at 7am, I prepare breakfast clean up and get their quiet activities ready from 6:30-7. Hope that makes sense.
Reply With Quote
  #6  
Old 01-28-2015, 10:49 AM
TomCopeland's Avatar
TomCopeland TomCopeland is offline
Business Author/Trainer
 
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 3,066
Default hours

Quote:
Originally Posted by HappyHeartsChildCare View Post
When counting hours open, do I round up or down? Or count it to the exact minute?

I am open 7:30am to 5:30pm. I only have one daycare kid right now. His dad drops him off and picks him up at different times each day.

For example... If they arrive at 8:25am and leaves at 5:10pm, how many hours do I write down on my log?
You can't count time simply because you are open. I'd record time rounded up or down five minutes. So, do record 8:25 am and 5:10pm. You can still count time after the child is gone, or before he arrives, if you are doing business activities.
__________________
http://www.tomcopelandblog.com
Reply With Quote
  #7  
Old 01-29-2015, 10:57 AM
HappyHeartsChildCare's Avatar
HappyHeartsChildCare HappyHeartsChildCare is offline
Daycare.com Member
 
Join Date: Jan 2015
Location: California
Posts: 10
Default

Got it. Thanks!
Reply With Quote
Reply

Tags
hours


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
Daycare is Charging Me for Hours He's in Preschool? nikkimcc Parents and Guardians Forum 23 03-31-2021 11:42 AM
Contracted Hours or Business Hours Nikkisomething Daycare Center and Family Home Forum 24 12-10-2013 06:34 AM
Extended Hours Feedback blessed mom Daycare Center and Family Home Forum 13 02-07-2013 06:15 AM
Contracted Hours or Business Hours? EchoMom Daycare Center and Family Home Forum 15 06-28-2012 03:00 PM


All times are GMT -7. The time now is 03:49 PM.



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