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Posted by D.F. Manno on November 10, 2006, 2:02 am
Please log in for more thread options > Scott wrote:
>> Why not make the day care a business? Convert the room,
>> hire a person to take care of her children and take in other
>> children. One or two other children (depending on the ages)
>> could set up a nice little side business. Look for someone
>> who has a kid themselves who wants to work but stay close to
>> her child. Even if you break even, you can deduct a lot of
>> things that you couldn't do if you hired a babysitter.
>> Probably going to be a W2 employee doing it this way.
>>
>> Just something to think about. Plus you could eventually
>> grow it into a full time side business that gives you more
>> contacts for your photo business.
> That's thinking outside the box!
>
> Unfortunately you need to go out of your way to make this an
> arm's length transaction OR you will make an IRS auditor day.
Not to mention the regulations that day care centers must
meet in many jurisdictions.
--
D.F. Manno | dfmanno@mail.com
Now this is not the end. It is not even the beginning of the
end. But it is, perhaps, the end of the beginning. Winston
Churchill
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