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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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#1
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In 2016 we were in business through the end of July. How does this effect our time-space percentage? The Tom Copeland book gives the equation as total hours worked through the year, but if hours worked stopped in July, shouldn't the ratio adjust for that? If we were a 30% TS% for the months in business, we would just apply that to expenses accrued through the end of July correct?
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http://www.tomcopelandblog.com |
#3
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Thank you Tom. Now, I wish Minute Menu would let you adjust that. We will have to manually calculate each section now.
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