Announcement

Collapse
No announcement yet.

Lets Make A List For T/S %

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Lets Make A List For T/S %

    I thought it would be helpful if we all could add something to the "worked when no kids are here" list, because we dont always think of everything that someone else may.

    1. Shoveling deck, porch, driveway
    2. Salting deck porch driveway
    3. Mowing grass, trimming, raking, gardening, pulling weeds, watering lawn & flowers, bushes, trees.
    4. Cleaning house,
    5.Unloading groceries
    6. Making out a grocery list
    7.Laundry, washing, drying, folding, putting away
    8. Loading dishwasher, emptying dishwasher, putting stuff away
    9. Cooking, preparing meals
    10.Online research, training, reading daycare.com LOL::
    11. Painting, repairing, remodeling
    12. Cleaning out & organizing garage
    13. Cleaning toys, rotating toys, putting away & organizing toys
    14. Cleaning out gutters
    15.Duct cleaning
    16.Painting a deck
    17.Cleaning pool, adding chemicals
    18.Washing & vaccuming car?????
    19.Bookwork, MMK, working on taxes
    20.Defrosting freezer, cleaning out refrigerator, cleaning oven
    21. Cleaning windows
    22. Baby/Child proofing
    23. Sealing driveway, sweeping driveway
    Last edited by legomom922; 02-25-2011, 08:20 AM. Reason: forgot

  • #2
    craft supplies? like the time to get the crafts prepared for kids

    -interviews
    -yoga
    -coupon clipping
    -

    Comment


    • #3
      Originally posted by dEHmom View Post
      craft supplies? like the time to get the crafts prepared for kids

      -interviews
      -yoga
      -coupon clipping
      -
      Yoga??? How do we get away with one?

      I have more:

      Hose down & clean PNPs, strollers
      Office work, filing, writing up term letters
      Baking cakes for parents
      Cleaning the finger prints off my sliding glass door & windows, and front door
      Fall prep: Cleaning all windows, and putting in storm windows, doors

      Comment


      • #4
        what about phone interviews and tours?
        interviews
        time spent on PHB or contracts?
        building website
        placing ads on craigs list and etc
        sanitizing toys (ok since I cant write that word; cleaning of the daycare toys..) (admin: I fixed it)
        steem clean carpets/ polish hardwood floors
        food program paper work
        I know I have more but I am thinking lmao this could be awhile.

        thats a great list thanks for sharing
        Last edited by Michael; 12-12-2012, 04:24 PM.

        Comment


        • #5
          Daycare Association Meetings....

          Comment


          • #6
            Can we claim training or meetings done away from our home? I always thought the rule was no, but there is a heading under other time spent in mmk for meetings or trainings. If we can I've been missing out on alot of hours!

            Comment


            • #7
              wow yes I hadn't thought of all those.....but what are the requirements for being able to show all the time spent doing this?

              Comment


              • #8
                Originally posted by TSDaycare View Post
                wow yes I hadn't thought of all those.....but what are the requirements for being able to show all the time spent doing this?
                keeping a log of the time spent on each activity...

                Comment


                • #9
                  Originally posted by daycare View Post
                  keeping a log of the time spent on each activity...
                  MMK is a log!!

                  Comment


                  • #10
                    1. writting weekly receipts
                    2. inputting into MM
                    3. photo copying
                    4. record keeping
                    5. writting/creating newsletters & menus
                    6. Updating webpage blo
                    7. replying to emails
                    8. Tom's webinar
                    9. on-line training
                    10. reading Tom's books
                    11. researching picture books online library catalog & requesting
                    12. any prep of curriculum & crafts (cutting, gathering, etc.)
                    13. Decorating playroom for themes, spcial days
                    14. wrapping dc gifts
                    15. filling soap dispensers, toilet paper & paper towels
                    16. sharping pencils & organizing supplies
                    17, putting together daycare scrapbook

                    Comment


                    • #11
                      Hours

                      Tracking these hours that everyone is listing is probably the single most important record keeping task you can perform that will reduce your taxes the most!

                      However, you can't count hours that you would be spending on activities that you would do if you weren't in business, such as hours spent mowing lawn/gardening. Don't count hours on general cleaning activities: duct cleaning, cleaning out garage, painting a deck, cleaning out gutters, cleaning the pool, washing the car, etc. If this cleaning is for areas that are used by the business (deck, pool, garage) you can count some of the time, but not all of the time.

                      You can't count time spent away from your home. If you have meetings in your home or do online training in your home, this counts.
                      http://www.tomcopelandblog.com

                      Comment


                      • #12
                        Originally posted by TomCopeland View Post
                        However, you can't count hours that you would be spending on activities that you would do if you weren't in business, such as hours spent mowing lawn/gardening. Don't count hours on general cleaning activities: duct cleaning, cleaning out garage, painting a deck, cleaning out gutters, cleaning the pool, washing the car, etc. If this cleaning is for areas that are used by the business (deck, pool, garage) you can count some of the time, but not all of the time.
                        Ok, so Tom I have a question for you. If I am in business, shouldnt the upkeep of a home count as work? Such as lawn mowing, cleaning out gutters, pulling weeds, etc? I was told that professional lawn care can be written off, so why not mowing our grass?

                        Now for the the duct work..Doesn't that provide cleaner air for kids to breathe?

                        Cleaning out the garage..I would clean/organize my garage 1x a month just because of all the toys that were in there. Now the times I was in there sweeping, or cleaning up the tool bench, no I would count that.

                        Painting a deck..Isnt that a home improvement and since the deck is used in the summer, why wouldnt that count? I had greatly improved our deck because of daycare. It looked horrid! I didnt want anyone to see it, so we fixed some broken boards, painted it, put up a screen house, bought a new grill, and we spent alot of time out there. Kids would eat out there, play out there, and I even had one of my PNPs in the screen house for the infants. Are you saying I could not write off any of this?

                        Our house and water spicket was in the garage, why I have no clue it was the most inconveinant place to be, so I had my hubby rerun the plumbling, and moved the spicket and the hose to the outside of the garage, where it was more accessable to the kids to play with water. Would this expense work count?

                        Pool...I claimed all my chemicals and cholrine for the summer, and I had to clean the pool daily, and since I'm not licensed, I was able to use my pool with my DCK's with a signed permission slip from the parents. So in this case, can I count all the supplies and work?

                        We are giving you alot of idea here on this forum, you can write another book! LOL

                        Comment


                        • #13
                          Originally posted by busymomof2 View Post
                          1. writting weekly receipts
                          2. inputting into MM
                          3. photo copying
                          4. record keeping
                          5. writting/creating newsletters & menus
                          6. Updating webpage blo
                          7. replying to emails
                          8. Tom's webinar
                          9. on-line training
                          10. reading Tom's books
                          11. researching picture books online library catalog & requesting
                          12. any prep of curriculum & crafts (cutting, gathering, etc.)
                          13. Decorating playroom for themes, spcial days
                          14. wrapping dc gifts
                          15. filling soap dispensers, toilet paper & paper towels
                          16. sharping pencils & organizing supplies
                          17, putting together daycare scrapbook
                          WOW! Thats good!

                          Comment


                          • #14
                            T/s%

                            Originally posted by legomom922 View Post
                            Ok, so Tom I have a question for you. If I am in business, shouldnt the upkeep of a home count as work? Such as lawn mowing, cleaning out gutters, pulling weeds, etc? I was told that professional lawn care can be written off, so why not mowing our grass?

                            Now for the the duct work..Doesn't that provide cleaner air for kids to breathe?

                            Cleaning out the garage..I would clean/organize my garage 1x a month just because of all the toys that were in there. Now the times I was in there sweeping, or cleaning up the tool bench, no I would count that.

                            Painting a deck..Isnt that a home improvement and since the deck is used in the summer, why wouldnt that count? I had greatly improved our deck because of daycare. It looked horrid! I didnt want anyone to see it, so we fixed some broken boards, painted it, put up a screen house, bought a new grill, and we spent alot of time out there. Kids would eat out there, play out there, and I even had one of my PNPs in the screen house for the infants. Are you saying I could not write off any of this?

                            Our house and water spicket was in the garage, why I have no clue it was the most inconveinant place to be, so I had my hubby rerun the plumbling, and moved the spicket and the hose to the outside of the garage, where it was more accessable to the kids to play with water. Would this expense work count?

                            Pool...I claimed all my chemicals and cholrine for the summer, and I had to clean the pool daily, and since I'm not licensed, I was able to use my pool with my DCK's with a signed permission slip from the parents. So in this case, can I count all the supplies and work?

                            We are giving you alot of idea here on this forum, you can write another book! LOL
                            Hours spent on general upkeep on the home doesn't count because they don't represent additional work for you once your business began. If you paid someone to mow your lawn you can deduct part of the cost - but not the hours spent on this activity.

                            You could only count the additional time cleaning the duct work that was caused by your business. in other words, if you normally spent 5 hours a year cleaning duct work before you went into business and now spent 6 hours cleaning, you can count 1 hour as business cleaning.

                            Time spent cleaning out the garage that is related to your business (toys) does count, but not general sweeping, etc.

                            You can deduct the business portion of the cost of painting and fixing the deck, but now were are talking about time. You would deduct the cost in one year because it's a repair, not an improvement. Can you count any of the time? I'd be conservative and say no because the business didn't create more work for you. Maybe you can argue that you wouldn't have done the work if it wasn't for your business, but this is a stretch, in my opinion.

                            You can deduct the business portion of the cost of rerunning the plumbing out of your garage. If you can say that you wouldn't have rerun it except for the fact that you had a business, then count the time. Otherwise, don't.

                            Again, you can count the business portion of the cost of the pool supplies since your business uses the pool. However, don't count any time cleaning it unless you are cleaning it more because of your business. I can see how you might be cleaning it more in your case. So, if you normally spend 50 hours a year cleaning the pool, maybe only count half of the hours as business.


                            Join me this Monday for my webinar "How to Reduce Your Taxes for 2010 and 2011" sponsored by daycare.com. For further info: https://www.daycare.com/news/taxes/t...d-webinar.html
                            http://www.tomcopelandblog.com

                            Comment


                            • #15
                              Originally posted by TomCopeland View Post
                              Hours spent on general upkeep on the home doesn't count because they don't represent additional work for you once your business began. If you paid someone to mow your lawn you can deduct part of the cost - but not the hours spent on this activity.

                              You could only count the additional time cleaning the duct work that was caused by your business. in other words, if you normally spent 5 hours a year cleaning duct work before you went into business and now spent 6 hours cleaning, you can count 1 hour as business cleaning.

                              Time spent cleaning out the garage that is related to your business (toys) does count, but not general sweeping, etc.

                              You can deduct the business portion of the cost of painting and fixing the deck, but now were are talking about time. You would deduct the cost in one year because it's a repair, not an improvement. Can you count any of the time? I'd be conservative and say no because the business didn't create more work for you. Maybe you can argue that you wouldn't have done the work if it wasn't for your business, but this is a stretch, in my opinion.

                              You can deduct the business portion of the cost of rerunning the plumbing out of your garage. If you can say that you wouldn't have rerun it except for the fact that you had a business, then count the time. Otherwise, don't.

                              Again, you can count the business portion of the cost of the pool supplies since your business uses the pool. However, don't count any time cleaning it unless you are cleaning it more because of your business. I can see how you might be cleaning it more in your case. So, if you normally spend 50 hours a year cleaning the pool, maybe only count half of the hours as business.


                              Join me this Monday for my webinar "How to Reduce Your Taxes for 2010 and 2011" sponsored by daycare.com. For further info: https://www.daycare.com/news/taxes/t...d-webinar.html
                              So if I understand you correctly, the only "time in the home" we can count as "work" is if it is above and beyond what we normally would do? What I dont understand again, is if our lawn needs mowing, and has to be done anyway, if in business or not, why then are we able to write off a portion of paying someone else to do it instead of ourselves? Can I pay my husband or son to do it? And would we be able to claim it only if because of our buisness we are mowing it more than we normally would?

                              And yes, that was the only reason why we went through the trouble of rerunning the plumbing..too many loose hoses going wild in the garage, water balloons, etc, LOL.

                              When I was asking about having the duct work cleaned, I meant if we pay a company to come in and do it professionaly (I would never do that myself)can we write it off as t/s?

                              Comment

                              Working...
                              X