Recent Posts - page 2

  • Can You Claim a Tax Credit for Sending Your Child to Summer Camp?

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    Family child care providers often don’t think about the potential for claiming tax credits involving their own children. But, you can claim the federal child care tax credit if you send your own child to a summer camp (soccer camp,… Read More ›

  • Tips on How to Market Your Program to Former Clients

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    Family child care providers always say that word of mouth is their best form of advertising. Word of mouth is so critical because personal recommendations carry a lot of weight in the child care field. Prospective clients will listen to… Read More ›

  • Is “Risky Play” a Good Idea?

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    The most important job of a family child care provider is to keep the children in her care safe. State child care licensing rules dictate that providers must follow certain supervision and safety standards, both inside and outside the home…. Read More ›

  • 2015-2016 Food Program Reimbursement Rates Announced

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    Here are the 2015-2016 Child and Adult Food Program reimbursement rates for family child care providers. These rates will be in effect from July 1, 2015 to June 30, 2016. I encourage all family child care providers to join the… Read More ›

  • Should You Have a Business Checkbook?

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    It’s a necessity for most  businesses to have a business checkbook where the owner deposits her income and pays business expenses. But family child care is a unique business in that most expenses are both business and personal (toilet paper,… Read More ›

  • What are the Tax Consequences of Selling Items at a Garage Sale?

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    Family child care providers often hold garage and yard sales this time of the year. They sell their old toys, clothing, and a variety of used household items. They do so because they are going out of business or just… Read More ›

  • How to Reach Your Savings Goal

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    Most family child care providers understand that they are not saving enough money to meet short-term goals (new car, emergency fund, etc.) or long-term goals (retirement). The reasons for this are varied: don’t have the money to save because of… Read More ›

  • Questions and Answers About Legal Issues

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    Here’s a short quiz about legal issues: 1) Can a family child care provider refuse to offer care to a family if the child has epilepsy because the provider doesn’t believe she is qualified to provide adequate care? a. Yes… Read More ›

  • How to Claim Personal Medical Expenses as a Business Deduction

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    The only way a self-employed family child care provider can deduct personal medical expenses as a business deduction is to set up a Health Reimbursement Account (HRA). These plans are also known as a medical reimbursement plan or Section 105… Read More ›

  • Must You Follow Any Rules When Ending a Contract With a Parent?

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    It’s not unusual for a parent to want to end their contract with a family child care provider. It’s not as common for a family child care provider to want to do the same. Are there any rules you must… Read More ›