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Daycare and Taxes>Partial Year and Time % Question
Trazzie1 07:36 PM 01-07-2018
This is my first year in business and I opened my doors on July 31st. My question is, when figuring out time % do I still use the full years 8760 hours or would I only use the hours of year since I've been open, which is 3696 I believe. Thanks!
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Michael 11:29 PM 01-07-2018
Maybe you can find your answer in these threads that relate to Time Space Percentages: https://www.daycare.com/forum/tags.p...ace+percentage
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TomCopeland 08:21 AM 01-08-2018
Originally Posted by Trazzie1:
This is my first year in business and I opened my doors on July 31st. My question is, when figuring out time % do I still use the full years 8760 hours or would I only use the hours of year since I've been open, which is 3696 I believe. Thanks!
Don't use 8760 hours. Use the number of hours from July 31st - December 31st. See my article on this:http://tomcopelandblog.com/how-to-cl...he-entire-year
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Trazzie1 06:14 PM 02-01-2018
Thank you!
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Tags:time percentage; part time, time space percentage
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