Month: August 2006

Use the small companies and try to avoid airport rental companies

No Name Companies

If for some reason you are traveling unexpectedly and had little or no time to prepare for a rental car, then you may be better off going with a smaller business instead of big named company. This is because you will have a better chance at getting a last minute booking at a better price. The bigger company may not have anything available that you want and you may have to settle for something that you did not expect.

Stay away from airport rental companies

The rental companies that are based out of or near the airport are going to be your higher priced companies. This is because they are conveniently located right there so they figure the consumer will pay more for not having to run around town trying to find a rental car.

Expenses that qualify for tax deduction in daycare

If you qualify as a family daycare provider then you can claim deduction on expenses made on providing meals and snacks. If you have employees, you can deduct 100% of their food cost as expense, provided that their salary does not include a food component. If you provide snacks and meals to your wards then to claim deductions you need to maintain records of consumption and show them to be exclusively for the daycare centre. Since your own household is fed from the same kitchen it may be a difficult process to follow. It is advisable therefore to show the standard rate for meals and snacks as expense, and claim deduction.

Standard rates are applicable per person for breakfast, lunch dinner and three snacks per day. These rates include beverages but not non-food material that may be needed to prepare or serve the food. Such utilities, however, can be shown as a separate expense.

So while daycare can be a taxing business, a little care could make sure that the taxes don t make you feel so. Plan ahead and you could take care of it all!

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