Daycare.com Forum Kidacare by Minute Menu Force of Nature Disinfectant

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 02-12-2014, 02:30 PM
earlystart's Avatar
earlystart earlystart is offline
Home Daycare Provider
 
Join Date: Sep 2012
Location: San Diego, CA
Posts: 160
Default Deduct Shipping and Handling for Online Purchases?

I wasn't able to find this by searching threads, so, does anyone know if you can deduct the shipping costs of items you buy for the daycare online? I know we can include sales tax, but now I'm wondering about shipping costs. If so, do we just include it as part of the item price, or keep a separate category for shipping expenses? For example, if I buy a toy online for $5, and shipping is $5, and tax is $0.40, do I consider this item's cost to be $10.40?
Reply With Quote
  #2  
Old 02-12-2014, 03:47 PM
Michael's Avatar
Michael Michael is online now
Admin & Owner-Daycare.com
 
Join Date: Aug 2007
Location: Moorpark CA, Ocean Ridge, FL
Posts: 7,449
Default

Quote:
Originally Posted by earlystart View Post
I wasn't able to find this by searching threads, so, does anyone know if you can deduct the shipping costs of items you buy for the daycare online? I know we can include sales tax, but now I'm wondering about shipping costs. If so, do we just include it as part of the item price, or keep a separate category for shipping expenses? For example, if I buy a toy online for $5, and shipping is $5, and tax is $0.40, do I consider this item's cost to be $10.40?
In my opinion, I can't see why not. It is still an expense for your business.
Reply With Quote
  #3  
Old 02-12-2014, 08:15 PM
CrackerJacks's Avatar
CrackerJacks CrackerJacks is offline
New Daycare.com Member
 
Join Date: Nov 2012
Location: The land of children
Posts: 243
Default

I do. I include it as part of the cost of the item.
Reply With Quote
  #4  
Old 02-13-2014, 04:56 AM
Angelsj's Avatar
Angelsj Angelsj is offline
Daycare.com Member
 
Join Date: Aug 2012
Location: Minnesota
Posts: 1,323
Default

I include shipping as the cost of getting the item to your daycare, just like you could include mileage if you drove to get the object.
Reply With Quote
  #5  
Old 02-14-2014, 02:45 PM
TomCopeland's Avatar
TomCopeland TomCopeland is online now
Business Author/Trainer
 
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 2,990
Default Shipping

Quote:
Originally Posted by earlystart View Post
I wasn't able to find this by searching threads, so, does anyone know if you can deduct the shipping costs of items you buy for the daycare online? I know we can include sales tax, but now I'm wondering about shipping costs. If so, do we just include it as part of the item price, or keep a separate category for shipping expenses? For example, if I buy a toy online for $5, and shipping is $5, and tax is $0.40, do I consider this item's cost to be $10.40?
Shipping costs are part of the cost of the item, so count it as $10.40.
__________________
http://www.tomcopelandblog.com
Reply With Quote
Reply

Tags
deduction

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may 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


All times are GMT -7. The time now is 08:50 AM.



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