3 Easy Tips For Managing Your Record Keeping
To assure that you are prepared for tax time or in the event of an audit, it is vital that you effectively manage and maintain your tax records. Every year at the end of the year, I take a look at how I have been keeping track of my business income and expenses for tax … Read more
Getting Organized To Issue Tax Information To Parents
I’ve been preparing and issuing yearly Child Care Payment totals for parents since 1999 and I have found that it is vital that I keep track of parent payments to assure that parents are issued accurate totals for their tax return. In 2011, two parents questioned the payment totals that I issued to them (for 2010 childcare payments) and I thought that was impossible, because I was … Read more
Record Keeping and Tax Tips For New Child Care Providers
Your goal should be to have receipts for every penny of your expenses.~Red Leaf National Institute As I write this blog post, we are less than 35 days away from a new year and this is a great time to tidy up your record keeping practices. According to Redleaf Institute, it is important that you become … Read more
Simple Strategies For Maintaining Receipts and Financial Records
The year was 1998 and I was only caring for one child. In fact, having one child enrolled, only brought in over $300 a month in income for my childcare business. That was not very much money to manage, however, it was a humble beginning and a start to managing income and expenses in my … Read more
Do You Love Record Keeping? By Tom Copeland
Probably not. Keeping good records is probably not high on your to-do list. Many providers hate the idea of record keeping. They would much rather spend time with children. The bad news is that there are so many record keeping and tax rules that it can be overwhelming if you try to master them all … Read more
