More options:
1) If (and only if) you are not going to do any more math with the resulting time, then you can use a formula like the one below to return a text string that looks like the answer you want.
=IF(SmallTime-BigTime<0,TEXT(ABS(SmallTime-BigTime),"[h]:mm") & " (Early)",TEXT(SmallTime-BigTime,"[h]:mm") & " (Late)")
or
=IF(SmallTime-BigTime<0,"-" & TEXT(ABS(SmallTime-BigTime),"[h]:mm"), TEXT(SmallTime-BigTime,"[h]:mm"))
2) Even though Excel doesn't display the negative time, the math is done and the serial number is stored (see faq68-5827 for info on how Excel deals with dates and times). Change the format of the cell containing the formula to see the result. Depending on what you are going to do with the info, this might be helpful.
[tt]_____
[blue]-John[/blue][/tt]
[tab][red]The plural of anecdote is not data[/red]
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