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I need tax advice!!!

Posted by on Feb. 5, 2009 at 3:23 PM
  • 5 Replies

I just started an in home daycare and I dont know who to go to do my taxes!My mom usually does them but she doesnt want to touch it now that im running my own business.Have any advice???

by on Feb. 5, 2009 at 3:23 PM
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Replies (1-5):
satin69
by on Feb. 5, 2009 at 3:24 PM

 i also am a child care provider and i use a professional accountant every year because there is a TON of forms and deductions and business use of my home and what not...i wouldnt touch mine either

Emsgirls
by on Feb. 5, 2009 at 3:28 PM

Are the people you are babysitting for claiming it? If they are paying you under the table then you have nothing to worry about. If they are claiming it and in order to claim it you would have to give them your ssn. If thats the case then you need to go the a cpa and bring all your bills you can claim your house vacuum power bills everything that way you don't show a very big profit and you wont have to pay in as much.

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by Ruby Member on Feb. 5, 2009 at 4:23 PM

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tigerlillyt7
by on Feb. 5, 2009 at 4:55 PM

oh,Im licensed and running a business...no way would I have people paying me under the table.I have kept every single reciept, and have printed out statements for all my parents with my EIN number so they can claim.

Quoting Emsgirls:

Are the people you are babysitting for claiming it? If they are paying you under the table then you have nothing to worry about. If they are claiming it and in order to claim it you would have to give them your ssn. If thats the case then you need to go the a cpa and bring all your bills you can claim your house vacuum power bills everything that way you don't show a very big profit and you wont have to pay in as much.


reneesmith
by on Feb. 5, 2009 at 7:13 PM

Books by Kelly, LLC is in Granite Falls and she does monthly book-keeping as well as taxes.  Best of luck

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