What: Tax and Recordkeeping
When: January 17, 8:00 - 12:30 PM
Where: Woodbridge United Methodist Church, 2700 75th St, Woodridge IL, 60517
Fees: Free, but registration is required. Please call (312) 252-0280, ext. 268 to register.

The basic training introduces the fundamentals of taxes and recordkeeping, with practical information and advice that is useful to any child care provider.  The advanced training provides an overview of more complex tax issues, including depreciation and employer issues, and the related recordkeeping requirements.

Basic Training (2 hours)

1. Introduction   

2. Tracking Income

• Income Sources 
  
• Providing Information to Parents  
  
• Federal Employer Identification Number 

3. Business Expenses

• Saving Receipts  
  
• Food, Telephone, and Transportation Expenses  
  
• Business Use of Home 

4. Determining Time-Space Percentage   

5. Recordkeeping