Tom Copeland's Taking Care of Business Blog

  • Do You Charge a Fee When Parents Don’t Show Up?

    There are many reasons why parents may leave their child at home, rather than bringing them to your family child care home: * The child is sick * The parent is taking a vacation * The parent wants the child...[…]

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  • Using Celebrations to Promote Your Program

    Party! Party! Party! That’s one way to describe what family child providers do. Practically every day is a party. You celebrate Father’s Day, Mother’s Day, Big Bird’s birthday, July 4th, children’s birthdays, and so on. Parties and celebrations can also...[…]

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  • June 17th Is Deadline for Estimated Taxes for the Second Quarter

    June 17th is the deadline for family child care providers to file your federal estimated tax payment for the second quarter of 2019. The second quarter includes the months of April and May. (Yes, the tax quarters for estimated taxes...[…]

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  • What Records Must You Give Parents?

    How should you handle requests for your records from parents in these scenarios? Parents are in a custody dispute and the father wants a copy of his child’s enrollment form and a record of how often the mother was late...[…]

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  • Is Bartering a Good Idea?

    At first glance these seems like simple transactions between a family child care provide and parent: A parent offers to paint your house, repair your car or install a new deck in exchange for discounted or free child care services...[…]

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  • Surviving a Natural Disaster

    As we watch the news of hurricanes, flooding and fires, we are again reminded of the terrible damage that can be caused by a natural disaster. Natural and man-made disasters can strike a family child care provider’s home at any...[…]

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  • When should I claim Social Security benefits?

    This is probably one of the most significant financial decisions you can make in your life. Therefore, you want to be fully informed of the consequences of your decision before you make it. There is an excellent online calculator that...[…]

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  • Taking Care of Business

    Family child care providers start their business because they love children and want to care for them. Many providers quit their business because they can’t make enough money. Taking care of children is half your job. The other half is...[…]

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  • Reaching Your Retirement Goals Quiz

    Family child care providers, like most people, generally haven’t done a good job at saving enough money for their retirement. In a survey done for my book Family Child Care Money Management & Retirement Guide, 55% of child care providers...[…]

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  • Should You Lease or Buy a Car?

    The answer is clear: if you want to spend less money on transportation over the long run, buy a car rather than lease one. So why do some family child care providers lease? Leasing upfront costs are lower and leases...[…]

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