HOME DAYCARE TAX DEDUCTIONS | SUPPLIES DEDUCTION | CHILDCARE PROVIDER

[@Playing_with_a_Purpose]

Like you I try and keep up with my taxes each month but last year was a disaster! I had to do most of it this year all at once!

[@ClubbhouseKids]

You and me both🤦‍♀️ What a year!!!

[@745shannon]

Thank you for doing these videos. I don’t open my daycare until next fall but I am spending money on supplies and training. Is there any way you could do a video about making deductions for a daycare that’s isn’t quite open yet? I’m spending a lot of money and I’m curious about what I can deduct before I’m even open.

[@ClubbhouseKids]

Yay! Good luck as you get closer to your opening date, you are going to love it! That is such a good question, I will cover it in my next video:)

[@745shannon]

@@ClubbhouseKids thank you!! I am excited. I will be watching. I’ve already learned so much from your videos.

[@hectorperez5851]

I need help in the area of nanny driving to parents home pls. What desictions to ise for tax.

[@ClubbhouseKids]

So you wouldn't be able to deduct the mileage going to and from your clients home, but you can deduct the mileage if you would run errands for them, drop children off at school or drive the children to say the the park. Hope that helps.

[@cadlac1533]

Nice, keep up

[@ClubbhouseKids]

Thanks

[@giannimontori141]

Gianni se fatto la cacca sotto hai pannolini pampes

[@angelinahuitron4262]

Isn’t better to have a separate bank account for the business only?

[@ClubbhouseKids]

It is, if you are really good at separating purchases all the time. I can do this 75% of the time and pay straight out of my business account. But I will still have some purchases throughout the month that have been paid from my personal account that I have to account for in my business expenses.

[@angelinahuitron4262]

Isn’t better to open a business bank account?

[@ClubbhouseKids]

Yep! I do have a business account that all business money goes into. But I still do have to keep some receipts paid from my personal account if I will be using it as a time/space %

[@honeyblossom2219]

I thought you were supposed to use your Time?Space Percentage for all of the items that are used for both your home and daycare.

[@ClubbhouseKids]

Correct! If you use an item exclusive for daycare and daycare only that would be a 100% deduction. Thanks for the clarification.