Tax

Daycare Tax Season Prep Tips

January 17, 2013

Tweet Tweet Are you ready for tax season? It’s natural to feel overwhelmed by the thought of filing your daycare taxes, especially if it’s your first time.  A daycare owner asks, “This will be my first year filing on my home daycare. What exactly should I have ready and take with me?” We asked Own A [...]

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Daycare Taxes: Do You Set Funds Aside for Tax Payments?

July 17, 2012

Tweet Tweet Tax time has come and gone but are you prepared for the year ahead? Do you set aside funds for tax payments?  We asked the fans of OwnADaycare on Facebook who are daycare owners tips for how they handle their tax payments and whether or not they set funsd aside or had some other method [...]

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Daycare Tax Tips Questions Answered by Tom Copeland Part 2

February 7, 2012

Tweet Tweet Filing daycare taxes can be a daunting process, especially for a new daycare business owner. So we enlisted the help of Tom Copeland, tax and child care business specialist, to answer tough tax questions and provide helpful daycare tax tips. Question: I just started and this past year I was finally able to write [...]

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Daycare Tax Questions Answered by Tom Copeland Part 1

February 6, 2012

Tweet Tweet Filing daycare taxes can be a daunting process, especially for a new daycare business owner. So we enlisted the help of Tom Copeland, tax and child care business specialist, to answer tough tax questions and provide helpful daycare tax tips. Question: I have a weekday job Monday through Friday so that’s a different income. [...]

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Daycare Business Tax Tips Part 2

January 24, 2011

Tweet Tweet Filing daycare taxes can be a daunting process, especially for a new daycare business owner. So we enlisted the help of Tom Copeland, tax and child care business specialist, and author of the 2010 Family Child Care Tax Workbook and Organizer, to answer those tough tax questions and provide helpful daycare tax tips. [...]

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Daycare Business Tax Tips

January 20, 2011

Tweet Tweet Filing daycare taxes can be a daunting process, especially for a new daycare business owner. So we enlisted the help of Tom Copeland, tax and child care business specialist, and author of the 2010 Family Child Care Tax Workbook and Organizer, to answer those tough tax questions and provide helpful daycare tax tips. [...]

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Record Keeping Guidelines for Daycare Business Income Taxes

January 12, 2011

Tweet Tweet Starting a daycare business is a wonderfully rewarding career. However, record keeping and filing taxes for your daycare business can be daunting and confusing. What records do you need to keep? How long do you need to keep records and receipts? In this brief guide, you will find general guidelines for record keeping [...]

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Daycare Tax Write-Offs: Direct and Indirect Expense Deductions

January 10, 2011

Tweet Tweet One of the benefits of owning your own business is the ability to write off or deduct business expenses. As a daycare business owner you are entitled to literally hundreds of deductions that you can claim to reduce your taxes. When you own a family daycare business, you will have both direct and [...]

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Income Tax Deductions and Childcare

June 28, 2009

Tweet Tweet It is imperative to know that the federal government issues a reduction of your taxes in three different ways. • When you have a dependent child / children, your taxes can be lessened. A dependent is any person of minor age who is living with you for more than half of the year. [...]

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Attaining a Daycare Tax Deduction

May 13, 2009

Tweet Tweet If you have your own children to take good care of and for some reason you have decided to help other parents to take care of theirs too. You have decided to run a daycare service right in the comforts of your home. There is good news with this because you can apply [...]

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