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Hi Tom, I am trying to figure my t/s ratio for my taxes. I followed the formula in your book that I bought, but I want to be sure I did it right. Can you help me with that to see if we get the same figure? Here are my numbers.
I closed in 2019, so I was only open from Jan 1, 2019 through August 9, 2019.
Total children in care and extra hours for planning, cleaning, communication etc was 2,065 hours.
Available hours 1-1-19 through 8-9-19 was 5,305 hours.
My home has 1,827 square feet. Out of that I have 1 room that is 100% exclusively used for daycare. That room is 132 square feet. So 132 is 100% and 1,695 is t/s%.
With that information, I figured that my t/s% is 43.36%. Last year my t/s was 36.87%. I kept much better records of my time this year. Do you think the extra 6.5% will cause a red flag?
Thank you so much. I really enjoy your book and recommend it to others!
I closed in 2019, so I was only open from Jan 1, 2019 through August 9, 2019.
Total children in care and extra hours for planning, cleaning, communication etc was 2,065 hours.
Available hours 1-1-19 through 8-9-19 was 5,305 hours.
My home has 1,827 square feet. Out of that I have 1 room that is 100% exclusively used for daycare. That room is 132 square feet. So 132 is 100% and 1,695 is t/s%.
With that information, I figured that my t/s% is 43.36%. Last year my t/s was 36.87%. I kept much better records of my time this year. Do you think the extra 6.5% will cause a red flag?
Thank you so much. I really enjoy your book and recommend it to others!
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