# Time-Space Percentage

## Four Webinars on Record Keeping and Taxes to Start the Year

Tom Copeland will present four webinars in January and February to help you organize your records and avoid mistakes on your tax return. For the first time I’ll be hosting two of the webinars on a Saturday! Thursday, January 5th… Read More ›

## Have You Tracked Your Hours for Two Months This Year?

The single most important thing you can do to reduce your taxes each year is to track the number of hours you work in your home on business activities when children are not present. (These hours are used to calculate… Read More ›

## What Hours Should You Count?

In my article “How Much Do You Make Per Hour?”, I explained how you can calculate your hourly wage using numbers from your tax forms. Family child care provider Renita from Oklahoma pointed out to me that she worked many… Read More ›

## The Counting Hours Quiz

Which of the following activities can you count towards your Time-Space Percentage calculation?* a) Cleaning gutters on the weekends b) Washing the kitchen floor before the children arrive in the morning c) Reading this website while children are sleeping d)… Read More ›

## What to Do if You Change Your Hours

Do you reduce your hours of operation for your family child care business during the summer? Are you thinking about expanding your hours of care for children in the evening or on weekends starting in the fall? Before you expand… Read More ›

## How to Measure Your Home

How much space you use in your family child care home for your business can make a big difference in how much you might owe in taxes. Measuring this space just became easier with the new IPhone app Roomscan Pro…. Read More ›

## Take Advantage of the Exclusive Use Room Rule

A family child care provider recently told me that her tax preparer entered a Time-Space Percentage of 7% on her tax return, when the correct amount was 38%. How did this happen? The answer is the exclusive use room rule…. Read More ›

## Two February Tax Webinars Hosted by Tom Copeland Can Save You Money!

I’m offering two webinars in February that can help you save time and money on your 2015 and 2016 taxes. February 9th – “The Top Five Tax Deductions Every Family Child Care Provider Should Know About” This webinar will begin… Read More ›

## Lessons From a Current IRS Audit

If you don’t understand the unique tax issues affecting your family child care business, you may not get any help from your tax preparer and even the IRS! A family child care provider who is now being audited by the… Read More ›

## Record Keeping Quiz

Here’s a short quiz to fresh up your record keeping skills: 1) If a day care child naps in one of your own child’s bedroom for thirty minutes a day, four times a week can you count this room as… Read More ›