"I have a daycare and when we go on field trips I pay the cost with my business credit card and the parents pay me. Do I include their payments as income?"
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1 Best answer
MargaretL
Expert Alumni
May 31, 2019 7:56:14 PM
Yes, the parents' payments is included as your gross income; what you pay with your business credit card is reported as your expense.
1 Replies
MargaretL
Expert Alumni
May 31, 2019 7:56:14 PM
Yes, the parents' payments is included as your gross income; what you pay with your business credit card is reported as your expense.