Great advice--get an accountant. As my accountant told me every year there are new rules and regulations that pass over his desk. You will never know all the loop holes and regs. without someone's help. Save all your receipts, food, outtings, equipment/supplies, maintenance (dwelling and daycare), and remember you are allowed to claim a percentage of your dwelling costs (mortgage/rent, insurance, car insurance, etc) depending on the square footage that you use for the daycare.

Cheers.