Tom Copeland's Taking Care of Business Blog

  • When Should You Bend Your Rules?

    Family child care providers are in a caring profession and regularly looks for ways to help the families in their care. Providers also expect parents to follow their rules as spelled out in their contract and policies. I talk a...[…]

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  • Tom Copeland’s Fall Business Seminar is Saturday, November 2nd

    My Family Child Care Business Seminar will be held this year on Saturday, November 2nd in St. Paul, Minnesota, sponsored by Think Small. I will cover all the new tax changes affecting family child care providers. I, along with other...[…]

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  • How Can You Deduct Medical Expenses?

    One of the most significant ways a family child care provider can reduce her taxes is to hire her husband and set up a Health Reimbursement Account (HRA). These plans are also known as a medical reimbursement plan or Section...[…]

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  • Advanced Contracts & Policies Webinar October 16th

    My next webinar is on Advanced Contracts & Policies from 8:30-9:30pm Eastern Time on Wednesday, October 16th. Register here. You may have a written contract and policies, but parents don’t always follow your rules. This webinar will cover how to...[…]

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  • Does it Matter What Parents Do While You Care for Their Children?

    Do any of these situations bother you? * One day a parent tells you she gets off work at noon that day, but doesn’t pick up her child until 6pm. * A parent enrolls her child in your program from...[…]

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  • Last Chance to Join The Child Care Business Partnership!

    I will no longer be accepting new members to The Child Care Business Partnership program as of December 31, 2019. The Child Care Business Partnership is a program I started six years ago to assist family child care providers who...[…]

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  • October 1st is the Deadline to Set Up a SIMPLE IRA

    When setting aside money for their retirement, family child care providers have a variety of Individual Retirement Accounts (IRAs) to choose from. The Traditional IRA, Roth IRA and SIMPLE IRA are the most common ones. There is no income eligibility...[…]

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  • How Much Money Do You Want to Make?

    You may want to know the answer to this question because you are considering raising your rates and need help in justifying higher rates. Or, you are just curious. Whatever the reason, here’s the simplest way to figure this out:...[…]

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  • Who Needs an Emergency Fund?

    The obvious answer is that we all do. Life is full of unexpected events. Are you ready for them? * Your car breaks down and requires a major repair. * You fall and break your arm, and are unable to...[…]

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  • Do You Do Child Care for Love or Money?

    For most family child care providers the answer is “Both!” Family child care providers love children. It’s their number one motivating factor. But, earning money is also important. Unfortunately, in our society we undervalue the work of providers. Federal and...[…]

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