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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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Old 02-03-2021, 10:36 AM
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Default Home office supplies vs business expense supplies

Doing my own taxes because my old supposedly specialized in daycare accountant was doing everything wrong and was audited..I’ve done my taxes last couple of years and don’t know why I’m having difficulty this year but what goes in supplies under home office vs business expense supplies? Or does it not matter?
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Old 02-03-2021, 11:00 AM
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Cat Herder Cat Herder is offline
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I use the kidkare program because it does a great job with taxes.

It says "Office Expenses: Schedule C Expense. Examples: Association membership dues, birthday cards, books, calendar, education/training workshops, magazines, membership in Redleaf National Institute, NAFCC accreditation or CDA credential, online internet service, paper, stamps, etc."

Then you can decide if it is 100% business expense or time/space expense per entry.

The free trial may be worth it for you.

These are the other other categories:
  • Broadband Internet
  • Activity Expenses
  • Advertising
  • Apartment or Home Rent
  • Casualty Losses
  • Cleaning Supplies
  • Computer Software
  • Food: Actual Expense
  • Furniture/Appliances/Play Equipment More than $2,500
  • Furniture/Appliances/Play Equipment/Carpets $2500 or less
  • Home
  • Homeowner's/Renter's Insurance
  • Home Improvement More than $2,500
  • Home improvement $2500 or less
  • Home Repairs and Maintenance
  • Household items
  • Insurance (Not House Insurance)
  • Interest (Not Mortgage Interest)
  • Land Improvement More than $2,500
  • Land Improvement Up to $2,500
  • Legal and Professional Services
  • Mortgage Interest Paid
  • Computer/Printer/Other/Office Equipment More than $2,500
  • Computer/Printer/Other/Office Equipment $2500 or less - 100% Bonus Depreciation
  • Office Expenses
  • Other Form 8829
  • Other Schedule C
  • Real Estate Taxes Paid
  • Rent of Business Property (Not Apartment Rent)
  • Repairs and Maintenance (Not on Home)
  • Supplies
  • Taxes and Licenses
  • Toys
  • Travel and Entertainment
  • Utilities: Cable TV
  • Utilities: Electricity
  • Utilities: Garbage
  • Utilities: Gas
  • Utilities: Oil
  • Utilities: Other
  • Utilities: Cost of Second Phone Line
  • Utilities: Sewer
  • Utilities: Water
  • Vehicle: Gas
  • Vehicle: Insurance
  • Vehicle: Lease Payment
  • Vehicle: Loan Interest
  • Vehicle: Oil/Lube/Filter
  • Vehicle: Other
  • Vehicle: Parking/Tolls/Ferry
  • Vehicle: Property Tax
  • Vehicle: Supplies
  • Vehicle: Tires
  • Vehicle: Tune-Up/Repairs
  • Vehicle: Wash/Wax
  • Wages Paid to Employee
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Old 02-03-2021, 02:11 PM
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TomCopeland TomCopeland is offline
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Default Expenses

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Originally Posted by Unregistered View Post
Doing my own taxes because my old supposedly specialized in daycare accountant was doing everything wrong and was audited..I’ve done my taxes last couple of years and don’t know why I’m having difficulty this year but what goes in supplies under home office vs business expense supplies? Or does it not matter?
It doesn't matter where you put business expenses.
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