2007-02-24 16:29:31 · 9 answers · asked by okc_merchant_trader 1 in Business & Finance ➔ Small Business
Yes, although it may not be considered a business if it is a public city owned and run daycare.
2007-02-24 16:33:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, a daycare (home daycare included) is a business. If money is exchanged for services then it is considered a business.
2007-02-24 19:23:02 · answer #2 · answered by fluffomatic24 3 · 0⤊ 0⤋
Yes it is. There is an income, the daycare provider is providing a service, and taxes must be paid.
2007-02-24 16:33:20 · answer #3 · answered by Searcher 7 · 0⤊ 0⤋
Big time. You need a safe place for kids, insurance, age-appropriate play equipment, a clean kitchen for snacks, a place for naptime.
The parents are your customers, but the kids have influence. It doesn't hurt to take some early childhood education at the nearest community college.
2007-02-24 16:37:50 · answer #4 · answered by Fireproof 1 · 0⤊ 0⤋
yes it is. Most parents will want to claim their childcare on their taxes. You will also get significant tax breaks on your home. Do understand that the parents would want you to be certified in child CPR and such. Also a state certification wouldn't be such a bad thing either. Hope this helped.
2007-02-24 16:34:49 · answer #5 · answered by caneshopper 1 · 0⤊ 0⤋
Yes you can file a schedule C for small businees on your income taxes too. Be sure to read all of the interesting things you can claim as deductions!!
2007-02-24 16:45:49 · answer #6 · answered by elaeblue 7 · 0⤊ 0⤋
If you run it like that...registering with the state, following their guidelines, having inspections, insurance, paying taxes, then yes it is a business.
If you're watching the neighborhood kids every so often you're just a sitter.
2007-02-24 16:34:16 · answer #7 · answered by littleredhen 3 · 0⤊ 0⤋
If there is a product or service offered in exchange for payment, then YES.
2007-02-24 17:29:03 · answer #8 · answered by Studio7 2 · 0⤊ 0⤋
Yeah, its called child care.
2007-02-24 16:33:09 · answer #9 · answered by strawbarrycheey 4 · 0⤊ 0⤋