Tax help

[mickyc]

Just remember that if you are audited that they won't be coming to your house to do a full inventory of what is in your daycare - they will be looking over your receipts. If you have a receipt for toys and you say it is a daycare receipt then how can they tell you that it isn't?

I claim 50% of all household expenses. I use my basement as daycare and we do not use this space at all outside of daycare hours. When you use your whole home for daycare and personal use then you have to use the calculations of how many daycare hours based on how many hours in the day etc. Make sure and add an additional hour onto your day for daycare for prep work/cleaning etc. You can claim 100% for a cell phone but 0 for a home phone.

My accountant costs $400 for me and my husband to get our taxes done. Cheaper isn't always best and I would rather pay to get it done right. Also you can use it as a deduction.