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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 09-26-2013, 01:57 PM
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Default Where to Enter Gifts?

What category on MMK do gifts to daycare clients/children go?
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Old 09-26-2013, 03:47 PM
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They go under activity expenses.
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Old 09-27-2013, 08:28 AM
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Default Gifts

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Originally Posted by krosey5 View Post
What category on MMK do gifts to daycare clients/children go?
Gifts to parents can be labeled as "gifts" and put under Other Expenses (subject to the $25 limit per year per person). Gifts to children should also be put there. However, items given to children that are used by the other children in care should be listed as activity expenses.

See my article that explains this: http://www.tomcopelandblog.com/2012/...your-care.html
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Old 09-28-2013, 05:54 AM
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Originally Posted by TomCopeland View Post
Gifts to parents can be labeled as "gifts" and put under Other Expenses (subject to the $25 limit per year per person). Gifts to children should also be put there. However, items given to children that are used by the other children in care should be listed as activity expenses.

See my article that explains this: http://www.tomcopelandblog.com/2012/...your-care.html
Thank you very much
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