Tom Copeland’s blog is a great resource for Home & Center Child Care businesses. Tom has made it his business is to assist home child care providers become more successful in their business.

Don’t miss the latest information item on Tom’s site regarding the Checklist for IRS Form 4562 Deprecation – 2018.
This form is used to claim depreciation on expenses above $2,500. Depreciation is the process of spreading the cost of an item over a number of years. Because of a new 2018 tax rule, it is much less likely that you will have to depreciate items on IRS Form 4562. Read his entire article for vital information since new tax law went into effect for tax year 2018.

If you are a provider this website will help you learn how to save money on your tax return; how to market your business; how to establish a business relationship with parents through a contract and policies; how to reduce your risks through insurance; and how to manage your money and plan for retirement.

 Tom provides handouts and help with many aspects of the business side of your daycare.

Including information on:

Starting Your Business

The Business Side of Kith and Kin

Developing a Business Start-Up Plan

Seven Record Keeping and Tax Tips for the New Provider

The Tax Benefits of Becoming a Regulated Family Child Care Provider