Food expenses for taxes - HELP!
Hi,
I'm just about to tackle my taxes after my first year of home daycare.
The most daunting part to me, is what to do about my food expenses? (and I'd love to not have to record each day the quantities of what was served at meals and snacks)
Since I'm not a big menu planner (it's usually the day before, or prior to the week when I do groceries) I'm not sure I can cost out every "typical" menu day like those would with a rotating menu with the same items.
I've seen the calculation that takes your total food costs (for all food purchased regardless of whether it's for family or daycare friends), then counts the number of meals, people at each meal, etc... to find a per-person and per-meal cost. (I tried to make it sound simple, but hope you get the jist :unsure:)
Is there an easier way? Can I really do a careful costing of a typical weekly menu, then say that I spend $x/day/child and use that for every daycare day of the year?
Thanks in advance!!!