What Hours Can You Count When You Are Away From Home?
We’ve written about keeping track of your hours (http://childcaretaxspecialists.com/track-your-hours-even-when-children-arent-present/) but what about the hours you spend on business activities away from your home such as shopping for toys, picking up and dropping off children (if you offer that) or even attending seminars and workshops? Continue reading
Will You Owe Taxes When You Sell Your Home?
In Tom Copeland’s recent blog – he talks about what a family child care provider faces in the decision to sell their home by way of taxes. One tax you can probably avoid and another you cannot. This will give you the high points, but it is always best to speak with your tax preparer to get the latest on potential tax impacts.
Let’s begin with the tax that you probably can avoid. Continue reading
There are definitely tax benefits to hiring your own children (or spouse), however, the IRS will scrutinize family child care providers who do.
Why? Because providers “may be tempted to gain a tax benefit without following the proper rules”.¹ Rules? What Rules? Continue reading
Important dates to mark on your calendar, starting in September.