Time Space Percentage (TSP) and Tax Impact

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Time Space Percentage (TSP) and Tax Impact

Your Home or Family Care Business’ Time-Space Calculation (TSP) Session
How can you potentially reduce your taxes? Having an accurate, timely Time-Space Calculation (TSP) is important for family-care based businesses. Long-time child care consultant, Tom Copeland, says understanding and managing your TSP is the most important factor with your taxes. Constructed, interactive Excel spreadsheets will highlight potential advantages of updating your TSP calculation.
The session will discuss: 1) the TSP overall concept, 2) Tracking tools for time worked in your business, 3) Home space layout and shared/exclusive space classification, 4) Examples of tax savings using TSP accurately. Documentation tools will be provided for tracking your time and space in your business.

Wednesday December 8th, 2021
6 p.m. — 7 p.m.

Training ID 70821

Training set Set One Standards
Age group
No Age-Related Content

Core knowledge category (Hours)
Program Management (1)

It is your responsibility to verify that the training sessions you select will meet your licensing or professional development needs.

Additional information

Online training format
This training is in webinar format, requiring a computer device to watch. Using a browser on some cell phones may not allow you to view videos or see documents shared during the training, which is required. Participants must view the webinar; audio option is not sufficient.
Participants will receive an email with Zoom registration information prior to the event. Log in using the individual link emailed by Zoom after registering. Shared log-ins are not allowed. Participants must provide consistent commentary throughout the session by replying and commenting in the chat/question box, along with participating in polls and breakout rooms. Lack of commentary will result in not receiving credit. Please email your CCR contact or deniseh@neighborimpact.org to pre-register.