Deductions

Are My Pets Deductible?

Family child care providers can deduct all “ordinary and necessary” expenses for their business. Ordinary and necessary means typical, helpful, appropriate or useful. Unfortunately, this does not include the costs associated with a dog or cat. In over 35 years… Read More ›

Is Your Telephone Bill Tax Deductible?

The answer should be simple for family child care providers. You need a telephone to operate your business and therefore it should be deductible as an “ordinary and necessary” business expense. Not so fast. IRS rules clearly state: “The cost… Read More ›

Tom Copeland’s California Tour

I’m off to California to deliver eight workshops over the next two weeks. If you are nearby, I hope to see you there. February 11th – Fortune, California: Record Keeping and Taxes, Contracts, Legal/Insurance Issues, Social Media Marketing 13th –… Read More ›