Did you know that advertising costs for childcare providers are 100% tax deductible?

Child care facilities - Employers can claim a tax credit of up to $150,000 a year for 25% of the cost of building and operating child-care facilities for their employees.

Read more at http://www.kiplinger.com/article/business/T054-C000-S001-business-expense-tax-deductions.html#528mE3fGTkqvusO5.99

Are you getting your full tax break?

Here’s a list of expenses that could be considered “ordinary” and “necessary” for your business:

House expenses – property tax, mortgage interest, utilities, house depreciation, house repairs, and house insurance

Furniture/appliances – washer, dryer, refrigerator, microwave, stove, dishwasher, rugs, sofa, tables, beds, chairs, TV, DVD player, lawn furniture, service contracts on furniture and appliances, etc.

Household items – light bulbs, toilet paper, cleaning supplies, paper towels, laundry detergent, doorbell, welcome mat, clocks, etc.

Home improvements/repairs – fence, patio, remodeling, new furnace, garage door opener, new floors, insulation, snow removal service, etc.

Children’s supplies/equipment – arts and crafts, toys, playground equipment, floor mats, cribs, curriculum, etc.

Other: food expenses for the children, car expenses (use the standard mileage rate ($.555 for 2012) or the actual expenses method), computers, wages to employees, advertising, etc.

Read more at http://www.tomcopelandblog.com/2012/09/whats-deductible-in-a-family-child-care-business.html

Get started today by placing an ad with us!

Email us at info@mychildcareguide.com to get started or visit https://www.mychildcareguide.com/advertise/index.php

Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.


No comments yet.

Leave a comment