The latest COVID-19 relief package passed by Congress in December 2020 provides expanded support for Americans hard-hit by the coronavirus pandemic. In this article, we provide an overview of the new and expanded provisions set forth by the government relief package for small businesses, so you can take advantage of the financial safety net they offer in 2021. Paycheck Protection …
U.S. SBA Approves New Simplified 1-Page Application If you took out a loan for $50,000 or less from the Paycheck Protection Program (PPP) enacted by the Small Business Administration earlier this year, you may be able to apply for loan forgiveness using the new, simplified Form 3508S. This one-page application, revised on October 8th, 2020, is a welcomed alternative to …
Many businesses are finding it tough during the pandemic and childcare centers are no exception. The good news is that even though a lot of things are uncertain, the government has provided tax breaks and help during this uncertain time – something all business owners need. Here are a few of the tax breaks for childcare centers during COVID-19, including …
COVID-19 has affected most everyone on a global level. Many businesses have had to close – at least temporarily, and this includes childcare centers. While you need as much income as possible during this crisis, it may be difficult to know what to do about the tuition you normally collect. Do you continue to charge knowing you risk alienating good …
One of the most important financial measures you will want to know for your childcare business is your student turnover rate. Calculating your student turnover rate will allow you to assess the current and projected health of your business and show you whether you need to boost your student retention approach. The following guide will provide an overview of your …
It’s hard to overstate the importance of determining the lifetime value of the children you enroll at your childcare center. Student lifetime value is simply the total amount of money a student brings to your childcare business over the length of time the student is enrolled. In this article, we will take a look at how to calculate student lifetime …
During the pandemic, it’s often difficult to know what is going to happen next. And these are challenging times for most businesses – especially childcare centers. There are a few marketing strategies you can use to make it easier for your business. These include ways to help ensure parents of safety precautions. Such as rebranding your childcare center, and how …
The Break-even point is a concept used in financial analysis that helps businesses determine the precise point at which the total costs and total revenue of the company are equal. As a daycare business owner, you can calculate the financial break-even point for your business to determine whether your current revenue is sufficient to cover all of your expenses. More …