As a pet daycare owner, there are several business expenses that you can potentially claim against your income. These may include:

<ul><li>Rent or mortgage for your business property</li><li>Utilities such as water, electricity, and internet</li><li>Wages and salaries for your employees</li><li>Marketing and advertising costs</li><li>Pet supplies and food</li><li>Insurance and licenses</li><li>Cost of training for employees</li><li>Professional services, like legal and accounting fees</li><li>Depreciation and repairs on your property or equipment</li></ul>

Please remember that tax laws can vary depending on your location and the specifics of your business. It's always a good idea to consult with a professional to ensure you are accurately and legally claiming your business expenses.

Managing and recording daily revenues from different pet care services can be a complex task. However, bookkeeping services can help you simplify it. Here's how you can do it:

<ol><li>First, categorize your revenues based on service types like grooming, pet sitting, training, etc.</li><li>For every successful transaction, make a record in the respective category, capturing all important details like date, client, service provided, and amount received.</li><li>Use accounting software or hire a professional bookkeeper to ensure error-free and systematic recording of every transaction.</li><li>At the end of the day, tally the total income received from each category to tally with your daily total revenue. This will help spot any discrepancies promptly.</li><li>Ensure these records are stored securely and updated daily to maintain an accurate picture of your business's financial health and performance.</li></ol>

Bench Accounting provides industry-specific bookkeeping services tailored to the unique needs of pet care service providers. Our team of professional bookkeepers ensures detailed, accurate, and timely recording of all your daily revenues.

Managing a pet daycare involves various tax considerations. Some of the key factors to keep in mind are:

• Business Expenses: Many expenses related to running your pet daycare, such as pet supplies, employee wages, rent, utilities, insurance, and advertising, can be deducted from your income to reduce your taxable profit.
• Self-Employment Tax: As a pet daycare owner, you're typically required to pay self-employment tax, which covers Social Security and Medicare taxes.
• State and Local Taxes: Don’t forget about the state and local taxes that your pet daycare business might be subject to. These can include property taxes on your business location and sales tax on the pet care products you sell.

Given the complexity of tax obligations, it can be very beneficial to work with a bookkeeper who's familiar with the pet daycare industry. They can help ensure you're taking full advantage of deductions and aren't overlooking any important tax considerations.

Nope! All bookkeeping is completed in-house.

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.