How to Use the Time/Space Calculator on Wonderschool 2.0

Your Time/Space % (T/S %) calculation is a very important data point for home child care providers! It will make the biggest difference in reducing your taxes. The T/S % represents the proportion of your home that is used for your child care business. You will also use it to determine how much of your shared business and personal expenses can be deducted as a business expense.

To use the T/S% calculator in your Wonderschool 2.0 dashboard, you can find it under your "Finances" section.

In the T/S % calculator, under the "Time percentage" section, you can enter in:

• Weekly hours of active child care
• Weekly hours of other admin tasks related to running your program
• Number of weeks you are closed during the year
• Weekly hours of other admin tasks you complete when your program is closed 

If you need help understanding these categories, you can hover over the "i" for more details.

Under the "Space percentage" section, you can enter in:

• Total square footage of your home
• Square footage regularly used for child care activities
• Square footage exclusively used for child care activities (no personal use)

If you need help understanding these categories, you can hover over the "i" for more details.

Once you have entered in data for "Time percentage" and "Space percentage", you will see the Time/Space % calculated.

Make sure to share this calculation with your accountant or tax advisor when completing your taxes!

To read more about the Time/Space %, you can read this article here by Tom Copeland: The Time Space Percentage