Q: If I was closed because I had COVID and didnt have parents pay during that time, how do I record using some of the grant to cover the lost revenue? Once you apply, you will be told how much you will get. Q: On one slide it says that the PPP and EIDL programs are not taxable income. If youre a daycare or childcare provider, read on to find all of the important program details. Each state will determine how much a provider will receive based on a criteria they have developed. You can use the grant money to pay yourself and then pay off the loan. You just pay yourself because you are the owner. Q: Do we need to enter into KidKare if I am paying myself? Q: I have a separate building for child care on the same property as my home. A: No, you cant decrease wages or benefits to employees during the grant period. Can I use the grant money for these expenses? Like if something happens and you have close or choose to close. <>/Font<>/Pattern<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 48 0 R 49 0 R] /MediaBox[ 0 0 540 720] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
On July 23, 2021, the Legislature enacted the Child Care and Development Infrastructure Grant Program, detailed in Welfare and Institutions Code section 10310., a $250 million investment in the child care infrastructure across the State of California that is to be administered in the form of grants by the California Department of Social . Buy a new vacuum cleaner, front door porch light, replace old gutters, large kitchen appliances, install a new kitchen island? This presents an administrative challenge for using grant funds, because if you dont do it correctly you may lose your funds. endobj
Q: Is this grant available to centers that have grade school children and are licensed by the Department of Education instead of the Department of Human Services? You will only save a small amount of money on your taxes when hiring your husband. To paint a picture, childcare centers today are facing decreasing revenues due to lower enrollment, higher expenses to operate safely during the pandemic and severe and ongoing staffing difficulties. The same answer would be for a patio or driveway or any outdoor play space. 9857 et seq. It had to be decontaminated and repaired. Child Care Stabilization Grants The American Rescue Plan Act of 2021 (ARP Act) (Pub. Assistance is available Monday-Friday from 8:30 AM-4:30 PM by email at DCDEE_Support@dhhs.nc.org or phone (919) 814-6300, Option 2. A: No! You can deduct your food expenses either using the actual expenses method ($68 in your example) or the standard meal allowance method. x\n}}XXc;E8qNDVEID1YYq>_>~}S]}Wc]>}Otgo> BV=}}%:}?=wg/o^_]}~wz7>a>nBN\%~\uB*ySF}G}Wa=dj_g='_=Z?J,iMrzsY=m.](&;n_?j-d7mw]6Y],fndy:y$V9M8nt}])6eSCgw\ms19@WaCo$zHOATq~3)S>Y
} If so, the corporation must pay you with the grant money through your normal payroll process which means paying payroll taxes. However, since every situation is unique and states may release additional requirements or restrictions, providers should always consult a tax professional to obtain advice specific to their own unique situation. Youll have to contact Social Security directly. around the country, mostly small businesses, who were already operating on thin margins. Is the child care stabilization grant taxable? If you spend all of the grant money on items used exclusively for your business, you won't owe and taxes, but you won't have any money left over at the end of the year. If you received any other phase of the Idaho Child Care Grant, you may still be eligible for this fourth grant. endobj
For specific questions about the NJ ARP Stabilization Grant application, contact: Email: njchildcaregranttechsupport@mtxb2b.com Phone: 1-855-590-2478 For questions about policies, grant eligibility requirements or if you need technical assistance with estimating your monthly expenses, contact: Email: DFD-ChildCareGrants@dhs.nj.gov For most providers, this would be about 30-40% in taxes. Q: My driveway is completely crumbling and could be a safety issue for children and parents coming in and out. But, if you pay yourself, you can then use this money to purchase a home. State tax rules apply. Take a before and after picture of the area he painted. Funds are in place so every eligible program can receive one grant per facility/site. ! You cant count repairs if you use the standard mileage method, but you can count repairs if you use the actual expenses method. You can pay yourself and then give him a bonus. If you cant get a clear answer from your state, you should pay yourself with the grant. chloe johnson peter buck wedding; le mal en elle fin du film Purchase of a swim spa for physical therapy, exercise, relaxation? How am I doing that? You will report this as income and pay Social Security/Medicare taxes as well as federal and state income taxes on this income. Q: Can I use the grant to replace my rock driveway with a paved driveway? [-i""c2Njkd-!&-b2bshR6f;N+5fHS&_0!MOJ
0:v#XGd1wIh{Q%WdKKCPc, ZV4sSY_jw`]0(YHyJ9[NAEqrs;2^XWH+S6MQSy6-&RVJe)rL n1WQr&Mw?TgQkCSu Then put aside some money in a place that is low risk (bank savings account, short-term bond fund or money market account). Please consult your tax professional, if you have an income tax questions or concerns. Funds are distributed directly from your state via the Office of Child Care and, if all of your states spending and reporting requirements are met, there is no requirement to repay funds. Q: If I pay my assistant with the grant, do I still have to pay taxes on it? Our goal is to help your program become financially secure. A: All non-profits should be filing a tax return, unless your preschool is owned by the children. Q: We store a lot of our dcor and child care stuff in our attic. If you receive these funds, you will be mailed a 1099 form. Q: How to I calculate my Time Percent when children are in my care 24 hours a day? This is not a loan. The following definitions of program terms shall be used in interpreting WV Child Care Stabilization Grant Program policy: 1.1.1. T he new mont hl y grant amount wi l l be reduced st art i ng O ct ober 1, 2023. A: The PPP and EIDL programs are administered through the Small Business Administration. Q: If I only have one child, can I still apply for the grant? A: You could try to separate out these costs by comparing the square footage of the separate building with the square footage of your home. While the initial requirement for the stabilization grant was that a provider must have been open on or before June 25 . If they say you cant use it for this purpose, you can pay yourself and then use the money to rewire. A: Only if you already have a post-secondary degree. Example 2: Provider uses full amount for business expenses A: Yes. Q: How to I calculate the percentage of mortgage payments? There may be other grant programs offered in your state. Child Care Stabilization Grant Questions and Answers. 4 0 obj
Is there a limit to the number of programs that will be funded? You do not have to pay back the Stabilization grant. Each state, territory, and tribe may further clarify eligibility requirements, but the federal eligibility parameters indicate that licensed, registered, and legally license-exempt center-based and home-based child care providers are eligible. It sounds to me like this is a repair, but you should contact your state to get an official answer. The Child Care Stabilization Grant (CCSG) Program sustains Arizona's child care network by giving a consistent, reliable funding source directly to child care providers to cover increased cost and challenges due to COVID-19 through June 2023. A: Colorado says they encourage providers to give 50% to parents. A: Pay yourself first. You need to contact your state agency to get an answer. <>
While each state, territory, or tribe can specify the specific uses of grant funds, the funds are intended to support providers general operating expenses, wages and benefits to employees and owners, rent, utilities, cleaning and sanitation supplies and services, and other goods and services needed to maintain or resume operations as well as mental health supports for children, families, and employees. Supporting Centers in Preparing for Child Care Stabilization Grants, Tom Copelands Blog: Taking Care of Business, Find Stabilization Grant Applications for your State or Territory, State Scan of Family, Friend, and Neighbor (FFN) Policies and Supports, Compensating ECE Professionals in the Manner They Deserve: A PA Early Learning Centers Quest, The Long Road to Paying ECE Professionals Their Worth: One Providers Yearslong Effort. Can I use the grant money for this or would have to pay myself first? Q: I use my car for my business. If you dont spend it all you will have to return the unspent money. The 2022 tax season is here! Paying yourself involves nothing more than making a record indicating this. Do you advise doing this? Child Care Stabilization Grants Help Desk Support: 1-833-600-2074 eecgrantsupport@mtxb2b.com User Guide - Grant Survey Frequently Asked Questions Grant Requirement Supports: Family Child Care - Training for C3 Operational Grant requirements - YouTube Center-Based - Training for C3 Operational Grant requirements - YouTube Child Care Relief Funding 2022. Q: Can I use the grant money to rewire my home? KidKare is a comprehensive record keeping program that includes an accounting section that allows you to keep track of all your income and expenses. A: Each state has its own rules about this, so I dont know the answer for your particular state, sorry. A: Count the entire room as regularly used as a daycare storage room. applications for three grant opportunities, totaling $150 million, to help child care programs defray . Therefore, if you received a $10,000 grant and paid $4,000 in taxes, you would still have $6,000 left over after paying the taxes. stream
You dont have to if you dont want to. A: Depends on what your state says. Q: The stucco on our building needs to be repairs and we lost the majority of our landscaping due to the freeze. Q: My business is an S Corporation. The Stabilization Payment Program Round 2 is a nine-month payment program that runs August 2022 through April 2023. A: No. Q: If I pay myself will I need to give myself a W-2? Q: If I transferred money to pay myself earlier but sometimes forgot to make a note, can I go back and fix it? Q: How do I create an emergency fund with this grant? Can I still receive the Stabilization grant? A: Each state sets its own criteria. A: You wont have to ask. As long as you keep records showing you worked these hours, claim all the hours. Q: Are there any grants available to add on space to my home without getting a loan? A: Yes, deduct the time-space% of this cost. A: You should absolutely take it. 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