family child care provider

The Tax Consequences of Renting

When you rent something that is used in your family child care business, you can deduct it using the rules described below: House/Apartment – Deduct the Time-Space % of your monthly rent. You won’t be able to claim any mortgage… 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 ›

Deposit or Holding Fee?

How would you handle this situation? A parent enrolled two children into a Minnesota family child care provider’s program and paid a two-week deposit for each child. A week before the children were to start care, the parent called and… Read More ›