Tom Copeland's Taking Care of Business Blog

  • Are You Eligible for Back to School Tax Credits?

    Are you, your spouse, or a dependent heading off to college? If so, here’s a quick tip from the IRS: there are education tax credits that can save you money at tax time. American Opportunity Tax Credit This credit can...[…]

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  • When a Child Steals from You

    When a child steals from a family child care provider, it’s probably not something that most providers anticipate. But it does happen: * A child care provider suspects that a ten year old child stole a valuable necklace. The child...[…]

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  • Legal & Insurance Issues Webinar August, Thursday August 29th

    My next webinar is on Legal & Insurance Issues for Family Child Care on Thursday, August 29th from 9:00 – 10:00pm Eastern Time. Register here. There are many risks family child care providers are exposed to when they care for...[…]

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  • 2019-2020 Food Program Reimbursement Rates Announced

    The 2019-2020 Child and Adult Food Program reimbursement rates for family child care providers have just been released. These rates will be in effect from July 1, 2019 to June 30, 2020. Here’s the announcement of the new rates. There...[…]

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  • Climate Change and Family Child Care

    How does climate change affect the children in your care? What activities are you doing with children around the climate change crisis? Do you talk with parents in your program about climate change? How does your family respond to the...[…]

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  • Are You Obligated to Continue Caring for a Child?

    Do family child care providers have a legal obligation to continue caring for a child in their program? That’s the question a provider asked me recently. She has cared for two children from one family for almost four years. The...[…]

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  • What To Do When You Earn Over $100,000 But Your Profit is Small

    Earning over $100,00 a year as a family child care provider may seem farfetched to some, but it’s not as uncommon as you might think. I review a number of family child care tax returns each year (as part of...[…]

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  • How Money Grows Over Time

    How can a family child care provider turn “small money” into “big money”? The secret is to start saving now – because when it comes to saving for retirement, time really is money. The reason for this is that the...[…]

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  • If a Child Breaks it, How do I Deduct it?

    One of the hazards of running a family child care business out of your home is that children can damage your property. Here are some real examples of damage caused by children as reported on Daycare.com: * A child puts...[…]

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  • Hiring Employees Webinar, Monday, July 8th

    My next webinar is on Hiring Employees, Payroll and Employee Benefits that will be held on Monday, July 8th from 9:00- 10:00 pm Eastern time. Go here to register. Hiring an employee is a complicated process and many providers fail...[…]

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