What You Need to Know About the Employee Retention Credit

Is your childcare business eligible to receive the Employee Retention Credit, and if so, how can you claim your refund? In the following guide, we cover the essential information you need to know about the Employee Retention Credit, including what it is, what provisions have been modified and expanded in recent months, who qualifies for a refund, and how you …

What to Consider Before Buying or Leasing a Vehicle for Your Daycare Business

Thinking about buying or leasing a vehicle for your childcare business? A company vehicle may prove a valuable asset to your daycare business. You have several important options to consider when it comes to your company vehicle. In this article, we explore buying versus leasing a vehicle, standard mileage deduction versus actual costs deduction, and depreciating your vehicle. Read on …

What You Need to Know About the Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) is a tax credit program initiated by the federal government through the Internal Revenue Service to increase employment opportunities for specific groups of people who might otherwise find barriers to employment. As a business owner, if you hire an employee from one of the target groups outlined by the WOTC program, you are eligible …

Why You Need a Financial Dashboard for Your Childcare Business

Creating a financial dashboard is key to measuring the fiscal performance of your childcare business. In this article, we provide a brief overview of your financial dashboard, including what it is and why you need one, and we offer several best practices to help you get started with a financial dashboard that works for your childcare business. Read on to …

Top 4 Services to Outsource for Your Childcare Business

You’re always looking for ways to save money and increase revenue for your daycare business. Did you know one of the most cost-effective strategies you can use to maximize your childcare company’s profitability is outsourcing? It’s true.  Businesses of all sizes and across all sectors of the economy use outsourcing as a way to cut costs and get the most …

Childcare Business Financial Strategy: Benefits of Outsourcing Your CFO

Have you considered outsourcing the role of CFO for your childcare business? In this article, we examine the role of a Chief Financial Officer (CFO) in your childcare company’s organizational structure and explore the benefits of outsourcing your CFO, as opposed to hiring a full-time, traditional CFO position for your organization. Read on to find out more. The Role of …

Childcare Business Financial Strategy: Benefits of Outsourcing Your Accountant

You already know how important it is to get the financial side of your childcare business in order. Maybe you have considered adding a full-time accountant or bookkeeper to your childcare business staff. You have another option: outsourcing your accounting services. In this article, we review the role of an accountant in operating your childcare business and explore the benefits …