The best book on family child care record-keeping just got better! In this new edition of his best-selling guide, Tom Copeland has added even more valuable information for keeping your business records and saving money on taxes. Formerly The Basic Guide to Family Child Care Record Keeping, the Record Keeping Guide will show you how to keep accurate records of all the expenses that apply to your business.
The Record Keeping Guide includes over 1000 allowable deductions indexed alphabetically for easy reference, an expanded discussion of Time-Space percentage, ways to calculate all the hours you work, how to choose and use a qualified tax preparer, and a detailed explanation of CACFP (Food Program) Tier I and Tier II expenses and income. It also includes selections from the IRS Family Child Care Audit Guide to help keep records that will protect you in the event of an audit.
Other new topics include bartering, military housing allowances, tangible personal property tax, applying for a home loan, partnerships and incorporation, and employees.
Tom Copeland, J.D., is the director of Redleaf National Institute. He has written six books on business issues for the family child care field and trains thousands of providers and tax preparers each year.