business of family child care

The Time-Space Percentage Quiz

The Time-Space Percentage (T/S%) is the single most important number for a family child care provider to accurately calculate on  her tax return. It will make the biggest difference in reducing your taxes. The T/S% represents the proportion of your… Read More ›

How to Claim Food Expenses

The biggest single expense for many family child care providers is food. Therefore, you want to make sure you claim this deduction accurately. You have two choices in how to claim food expenses: The Standard Meal Allowance Rule This rule… Read More ›

Are CACFP Reimbursements Taxable Income?

This question continues to confuse some family child care providers, Food Program (CACFP) sponsors, and tax professionals. The short answer is Yes. There is an exception – reimbursements received for a child care provider’s own child is not taxable income…. Read More ›