Tax question

[mimi]

For those of us who do not get paid if we take a sick day, can we claim the lost earnings as a business loss?

[playfelt]

No because you claim according to the number of days in the year that you actually did daycare so if you were closed for a vacation or mat leave or just for a break then you would base everything on the days you were open. On the other side of the coin if I am open but no one comes due to illness and I am paid for the day then I do claim that day in my totals.

[Inspired by Reggio]

I agree with Playfelt ... as much as it sucks it is not technically a 'loss' being 'self employed' time off is supposed to be factored into our 'fees' ... which can sometimes be a challenge to set aside money for those times which is why I ended up opting to have two fee options ... one that is a lower weekly fee but includes 10 paid personal days over the year where if I am closed they still pay me ... forced savings on my part to just make due with less and easier budgeting on their end of the consistent payment each week regardless.