Tax time!

[playfelt]

I find now that I have been in daycare for so long that I have to scramble to find enough deductions since I have all of my equipment, toys, etc. Replacing sippy cups or bibs just doesn't add up. As well since I take infants/toddlers my craft expenses are way down from when I had older kids. On the other hand even if do pay some taxes at the end of the year I still have more money in my pocket than when I was deducting everything since they were still outlays that were direct to the daycare and didnt' benefit me.

My son is graduating from university this spring with a business degree in accounting and I have been telling him he could start his own firm catering to daycare providers and I bet he could be run off his feet catering to just one clientele - us.

[Emily3]

I find now that I have been in daycare for so long that I have to scramble to find enough deductions since I have all of my equipment, toys, etc. Replacing sippy cups or bibs just doesn't add up. As well since I take infants/toddlers my craft expenses are way down from when I had older kids. On the other hand even if do pay some taxes at the end of the year I still have more money in my pocket than when I was deducting everything since they were still outlays that were direct to the daycare and didnt' benefit me.

My son is graduating from university this spring with a business degree in accounting and I have been telling him he could start his own firm catering to daycare providers and I bet he could be run off his feet catering to just one clientele - us.

Hi playfelt! I think I have similar situation in that all my kids are toddlers so craft/ teaching supplies are very minimal. I also bought many things second hand so although I do have receipts for everything, it does not add up to thousands of dollars! I do not drive with the kids so no car write off either. Oh well, I'm glad I read the suggestion on here to save all of one child's fees for tax time!