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Child Care Subsidy Policy October 1, 2024 46 5.2.2. Countable Non-Farm Self-Employment Income. Net income from non-farm self-employment: gross receipts minus allowable expenses. Gross receipts include the value of all goods sold and services rendered. 5.2.2.1. Methods of Verification. A. Self Employed clients with prior established self-employment must submit tax records to the CCR&R by April 30 of each year to verify that the business is producing taxable income at the time of assistance. B. Self Employed clients will be given the Self-Employment Ledger form (ECE-CC- 1C) to track Income and Expenses. C. Clients who choose not to use the ECE-CC-1C Form may substitute: 1. Business records from an outside accountant OR 2. Ledger Books or other bookkeeping records, such as Quicken Software reports. D. The CCR&R reserves the right to request additional documentation, such as receipts or invoices as needed to verify income and expenses. E. The gross income from self-employment business activity shall be used to determine eligibility and amount of assistance if the information submitted by the parent is not sufficient to adequately determine net profit. 5.2.2.2. Allowable Expenses. The following expenses are allowable deductions in calculating net income. A. Cost of goods purchased. B. Rent, heat, light, power on the income producing property. C. Cost of Supplies. D. Wages and salaries paid to employees other than the business owner/parent of child. E. Business taxes and/or licenses. F. Advertising goods or services. G. Interest (not payments) on the principle of the purchase price of income producing property. H. Real estate taxes paid on the income producing property.