Tom Copeland's Taking Care of Business Blog

  • Are You Willing to Offer Parents a “Deal”?

    Have you heard these questions from parents? Can I pay you tomorrow? May I drop off my child fifteen minutes early this month? Can you hold my check until Friday? May I bring my child full time for one week,...[…]

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  • I Made a Mistake on My Tax Return – Should I Amend It?

    Tax season is finally over. Yet, you now realize you made a mistake when filing your taxes. Should you amend your tax return? As a family child care provider you shouldn’t hesitate to amend your return. Your chances of being...[…]

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  • 2016 Taxes Done? Now Take These Ten Steps

      If you have completed your 2016 taxes, congratulations! Here’s a checklist of final steps you should take as a family child care provider before you can forget about last year’s taxes: 1) Gather all your business records that you used...[…]

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  • What’s Your Privacy Policy?

    Parents who enroll their children in your family child care program have a high expectation that their privacy will be protected. You should assume that they don’t want any information about their family to be shared with anyone, without their...[…]

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  • How To Pay Yourself First

    Most family child care providers know they should be saving more money for their retirement. But, at the end of the month there is usually little, if anything left for savings. You’ve spent your money on other things and left...[…]

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  • How to Respond to Complaints About Taking Time Off

    Family child care providers work long hours each week. On average, providers care for children 11 hours a day and spend another 13 hours a week on business activities when children are gone. That’s 68 hours a week! Many providers...[…]

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  • I Don’t Think I Can File My Taxes by April 18th! What Can I Do?

    It’s almost April 18th and you haven’t filed your family child care tax return yet. Don’t panic. If you need more time you can file for a six month extension. Sometimes child care providers need more time to calculate their depreciation...[…]

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  • Estimated Taxes Due April 18, 2017

    April 18th is the deadline for family child care providers to file your federal estimated tax payment for the first quarter of 2017. This comes as a shock to some child care providers because it’s the same deadline for paying...[…]

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  • Pathways to Success Curriculum Now Available to Twin City Providers

    Here’s a new training/mentoring opportunity for family child care providers who live in the Twin Cities Metropolitan Area of Minneapolis and St. Paul, Minnesota and who have been licensed for a year or less. It’s called Pathways to Success. It’s...[…]

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  • The Financial Impact of the Food Program – Webinar, Thursday, April 6th

    The Facts, Not Fiction: The Financial Impact of Being on the Food Program and How to Claim Food Expenses is the topic of my upcoming webinar, Thursday, April 6th. The one hour webinar will start at 8:30pm Central time. Register...[…]

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