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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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2019 Attendance Record Hours or Hours of Operation?
Q: In your Time/Space Calculations do you calculate based on *Attendance Records* hours or *Hours of Operation* hours?
I have always believed we were supposed to go by *Attendance Records* hours but don't feel I should be penalized if kids show up late. I was at work on time. My husband does not lose time from his home office hours if no one calls or emails first thing in the morning, why should I? Valid question. Thoughts?
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#2
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Time-Space%
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http://www.tomcopelandblog.com |
#3
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Why? Where can I find this info?
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them. |
#4
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Time-Space%
There is no IRS publication that says you can or can't count an hour you are open but don't care for children. However, if you aren't caring for children you aren't using your home for your business (unless you are doing some business activity). Your home transfers back to being personal when children aren't present. Otherwise, a provider could say she's open 24 hours a day and claim 24 hours even though children are only there for 11 hours. If a providers was audited she won't win this argument.
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#5
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Quote:
My business hours are only 10 hours per day (7:30-5:30). The problem is that during summer and school breaks my clients (teachers/one parent at home) would like to sleep in and drop the kids off sometime before lunch. I would lose around 4 hours per day of time/space hours during this time. I considered being more flexible with my drop-off cut-off time (9:00) requirements for 2020, but this policy is one that helps keep my deductions in check. It all adds up. I guess I'll just stick to my current policy. Thanks!!
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them. |
#6
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Time-Space%
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If your husband is self employed and works at your home, he must have an office or other space that is exclusively used for his business. In that case, he doesn't count hours, because the room is never used personally.
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http://www.tomcopelandblog.com |
#7
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I was trying to apply logic to government. I'll just cut that out, now. I used Kidkare, hit print and mailed everything off to my accountant this afternoon. Feels great to be done. Thanks!!
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them. |
#8
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Time-Space%
Quote:
__________________
http://www.tomcopelandblog.com |
#9
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Thank you!!
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them. |
#10
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keep busy
I think if you open at 7:30 but kids don't dhow up till later that is still hours claimed. You could empty dishwasher, work on books, get crafts ready, clean house, vacuum, dust, laundry bids, bedding. On and on endless stuff!
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#11
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I do worry about adding an extra 6 hours per day on the days they would like to show up late (11:30ish). I can't depend on them not changing their minds and showing up so I still need to prep and I don't want to give up deductions, either. I would already lose those breakfast/morning snack meal count write-offs. Even though I do work those hours daily and am not free to leave (I prefer outdoors), I feel it may be something that could get me flagged. YKWIM? I really think keeping my drop-off cut-off may be the best route for me. I need my deductions to stay profitable and be able to continue working from home. I also like the routine of all the kids on the same schedule for the day.
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them. |
#12
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Great topic, how I deduct a space that is exclusively for business?, thank you
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#13
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I have a question, how do I prove that I am up at 5:30 am doing curriculum, food preparation, daycare inspection, daycare cleaning, etc; do I have to take pictures of me doing that or how?, thank you so much, I will open my daycare in a month probably, thank you for your help
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#14
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Quote:
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them. |
#15
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Thank you, I will check kidcare
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#16
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It is a huge resource for anything child care business related. http://tomcopelandblog.com/ |
#17
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Time/space
I never thought about "proving" that we get up early to do things for daycare. Tax people have just always taken my written word. I use the Redleaf Press Calendar Keeper, because I am more a pencil and paper kind of book keeping person and it has all the best info needed printed ready to use.
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#18
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tracking hours
Quote:
__________________
http://www.tomcopelandblog.com |
#19
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Director hours
I was resently hired as a DC director. They want me to work 60+ hours at the center and take all paperwork home. Plus teach a class and do everything else. I'm looking at 70+ hours per week. No benefits or perks. Thinking of not accepting. Haven't started yet. Any advise?
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#20
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Director hours
Add on:
Also... these hours on a very small salary. |
#21
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Quote:
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them. |
#22
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Director hours
In not sure how I'm supposed to be both Teacher and Director of a large DC. Plus, I didn't hire on as a teacher, this was all a surprise to me last week as if I was down with it. Also, zero breaks! We have 30+ students and enrolling more bit she only wants to hire 3 people...Lol
Ugh! |
#23
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overtime hours
Quote:
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http://www.tomcopelandblog.com |
#24
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Tags |
attendance hours, breakfast, hours of operation, kidkare, meal counts, morning snacks, poll, time space percentage, tom copeland |
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