Giving receipts

Lindsay - posted on 08/30/2010 ( 6 moms have responded )

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I was just wondering...I have 2 parents that are asking for receipts, they are fully aware that I am a private dayhome! I was wondering what happens if they try to claim their childcare?? Can they do this?

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Sandy - posted on 03/02/2012

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What about the home daycare providers that give a substantial lower rate to someone because the mother wanted a discount....and agreed NOT to claim it....then backstabs the daycare provider by claiming the amount on her income tax? Ya....enough said....you make an agreement....KEEP THE AGREEMENT...guess their child comes 2nd

Lucy - posted on 01/12/2011

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A little late, in hindsight, but usually this is something that gets discussed in advance. Yes, if you are running a business, you should be claiming your income. The reality is, though, that many providers do not. It is a very difficult industry to regulate in that manner.
If you choose not to claim your childcare provider income, then you can simply tell them that you do not give receipts. You may lose them to someplace that will. However, if they claim that expense, and you don't claim the income, it is entirely possible that it will catch up to you! Not good.
If you do decide to claim the income you receive, you need to keep a record of who pays you what (of course). You should also keep all receipts for your expenditures (food, fuel for transportation, toys etc). You can also use a portion of your utility bills, property taxes, etc as a deductible business expense.
Long story short, I would consult an accountant, to find out what you want to do. They can tell you how to provide proper receipts (in my area, it must state the provider's Social Insurance Number, as well as relevant amounts).
Hope that helps a little?

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Kim - posted on 06/05/2013

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I don't know about where you are, but in our state it is required by law for all childcare that happens frequently and for children not directly related to you to be fully licensed and income reported. It is a big pain. I just started watching 2 kids and their dad wants receipts too, and I am not licensed. If I do, I risk being audited and fined for not being licensed. I can't decide if it is worth it to go through training, pay fees, inspections, drop in checks and the works- menu approval, DEL approval....Lordy!

Lindsay - posted on 09/02/2010

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And if I did claim it then how do I even know how much a month I should be putting away? I donnot want to get stuck with a huge bill at the end of the year!!

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Regardless of whether you are private or not, you should still be claiming your income. The parents have the right to claim what they pay you for childcare.

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