Hi! I have recently started up a home daycare, and was looking for some advise on how much I should be setting aside come tax time? Is there any sort of guideline on an approximate amount I may be taxed? I know thereís no way of knowing exactly, Iím just looking for a bit of a guideline!

For reference I am estimating an income of about $7000. I started up this Sept so it will only be a few months of care to be claimed.

Thank you so much in advance for your advise!!