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 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 …

High Cost of Low Employee Pay: Avoid These 3 Employee Hiring Mistakes

Is your approach to the employee hiring process costing you money? As a childcare business owner, you want to hire employees that will contribute to the profitability of your company, not detract from it. In this article, we explore three common mistakes that business owners make in the employee hiring process that come with a high cost. Keep reading to …

How Long to Keep Important Documents

If tax season has you swimming in paperwork, you may be wondering which documents you really need to keep and for how long. In fact, we receive this question a lot from our clients, so we decided to put together this comprehensive guide to clarify which documents you need to keep and how long you need to keep them. Keep …

10 Reasons Your Great Employees Stay

You may have seen a variety of online publications compile lists of the most common reasons great employees quit their jobs. While it?s important to understand what makes a great employee leave your company, you also want to focus on what makes your best employees stick around. In the following guide, we will explore ten reasons your great employees stay. …

PPP Round 2

What You Need to Know About the Latest COVID-19 Relief Bill

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 …

PPP Loan Forgiveness Application Form 3508S

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 …