I'm not a child care provider but I have gone through the licensing process. I can tell you, there are MANY write-offs you can get if you are licensed. First off, you need to keep receipts for everything business related. Purchase the food you buy for the child care separately that stuff you use for your family. If you are possibly going to have to wash kids clothes, you can put items like laundry detergent on there also. If you buy any new items for the daycare (toys, furniture, etc) you keep those receipts and you get a write off. If you have to install a fence or anything for safety outside, keep that receipt too. Its a tax write off. I was also told if you hire someone to clean your house then that can be a write off too because it benefits the child care facility. But as far as the food goes, I would say you could estimate by making up an average weekly meal plan, figuring out the cost of that, multiply by 4 for month.
at 12:29 PM on Feb. 5, 2009