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  1. #1
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    Deposits and tax info

    Hey ladies just curious if you claim deposits for the last 2 weeks of care in the year received or do you accrue it to the year it's used?

  2. #2
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    I claim mine the year it is received and include it with their annual receipt. I figure the parents will probably claim it that year too because they have put it out of the pocket/bank already.

  3. #3
    Euphoric ! Inspired by Reggio's Avatar
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    I accrue it to year it is used - it sits in their account as a credit and in my savings untouched until I need the income when they leave and if they give me enough notice I can save for them leaving I leave it there for rainy day
    Children construct their own intelligence. The adult must provide activities and context, but most of all must be able to listen. Children need proof that adults believe in them. Their three great desires are to be listened to, to understand, and to demonstrate that they are exactly what we expect."
    Loris Malaguzzi

  4. #4
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    Cheers that is what I will probobly need to do!


    Quote Originally Posted by Inspired by Reggio View Post
    I accrue it to year it is used - it sits in their account as a credit and in my savings untouched until I need the income when they leave and if they give me enough notice I can save for them leaving I leave it there for rainy day

  5. #5
    Euphoric !
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    I write the receipt when I receive the money and give it to the parents with a notation at the bottom whether it is refundable or not depending on the circumstances. Then I claim the income and give them the tax deduction for the year it is received that way. It may technically be applied to the last week of care a few years later, but this is simpler for me.

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