daycare

Is a Summer Barbecue Deductible?

Is a Summer Barbecue Deductible? Let’s say you are planning a barbecue party later this summer. You want to invite the parents of the children in your care as well as your neighbors. Can you deduct any of the costs… Read More ›

What Can You Deduct as an Office Expense?

What Can You Deduct as an Office Expense? Bank charges/fees, books (any of my family child care business books) Minute Menu Kids Pro annual fee, computer software (Windows, Quickbooks, etc.) Membership dues to The Child Care Business Partnership, child care… Read More ›

What Can You Deduct as a Utility Expense?

What Can You Deduct as a Utility Expense? Cable television, electricity, garbage (pick-up costs or costs to take garbage to a dump), gas, Internet, kerosene, oil, propane gas, recycling fees, sewage disposal, and second phone line. In general, deduct the… Read More ›

What Can You Deduct as a Home Repair or Maintenance?

What Can You Deduct as a Home Repair or Maintenance? Asphalt repair of driveway, carpet-cleaning service, central security alarm system (installation and monthly fee), corner wall guards, cupboard latches and locks, deck staining, dehumidifier, electrical fuse replacement, floor sanding, furnace… Read More ›

The Basics of Depreciation

Depreciation is the most complicated tax issue family child care providers face. It’s complicated because there are so many rules associated with it and they often change from year to year. And there’s a lot of math involved! What fun…. Read More ›