How come ....

**Holly** · 20-02-2008, 06:40 PM

I have been looking at all the threads on tax and most of you say to keep your earnings below 5.4k... i would have thought you would want to earn more than that...? i know you don't have to pay tax if you earn less than 5.4

**avril** · 20-02-2008, 06:58 PM

Hello I keep mine below as I only mind x2 children x1 full time and x1 part time but that's for my own sanity!!

Avril

**Lincsminder** · 20-02-2008, 07:11 PM

I think it is more about keeping your profit under 5600 not your total income.

**sarah707** · 20-02-2008, 07:13 PM

Originally Posted by skegminder

I think it is more about keeping your profit under 5400 not your total income.

Yup....!

**Banana** · 20-02-2008, 08:26 PM

yes.

You need to make sure your expenses are high

**Blaze** · 20-02-2008, 09:17 PM

They are high.....

Tasha

**wendywu** · 20-02-2008, 10:53 PM

Yes sky high in the holidays, taking 6 children and myself to the cinema today will go through the books.

Perhaps i should take them for two weeks in Orlando in the summer, that should see me running at a loss:

**Rubybubbles** · 20-02-2008, 11:11 PM

Originally Posted by skegminder

I think it is more about keeping your profit under 5600 not your total income.

yep! agree I don't think it would be worth it otherwize

**Raggydolls** · 21-02-2008, 09:11 PM

do any of u put your own child's expense's thru the books, such as yesterday i took me, him and a mindee bowling and i put all mine and her stuff thru but not his, even tho i prolly wouldnt have took him bowling if i wasnt minding, lol

leanne
xx

**crazybones** · 21-02-2008, 09:20 PM

I dont Leanne. I dont think you are supposed to.

Annie x

**Raggydolls** · 21-02-2008, 09:22 PM

didnt think so,

just annoying when i had to book/pay in advance and figure out whose cost what

leanne
xx

**Banana** · 21-02-2008, 09:35 PM

I put the cost of Isabelle for things like outings to wacky etc... If I wasnt taking mindees then its an expense I wouldnt maybe otherwise incur so I see it as resonable to claim for her. But not for things like food I dont

x

**Heaven Scent** · 22-02-2008, 12:18 AM

Its all a swizz. I think if your numbers are restricted by the age of your own children then I can't see why you can't claim expenses for them because you are effectively paying yourself to look after your own child by them taking up a place. This doesn't apply to me because mine are 10 & 12 so I can have full quota of children and therefore my earning power is higher than yours so I say go for it.

Celine