If you pay care expenses for a dependent child or adult in your household, you may be eligible for the child and dependent care credit. In the following guide, we cover everything you need to know about the child and dependent care credit (CDCC), including what it is, who and what expenses qualify, how much the credit is worth, and …
Did you ever wonder how the federal government determines the amount of taxes you owe on your annual income? The W-4 Form is the answer.
In this article, we provide an overview of Section 179 of the U.S. internal revenue code and show you how you can use this tax incentive to save money for your childcare business. Read on to learn more.
In simple terms, a 1031 exchange is a legitimate tax strategy that allows real estate investors to swap one investment property for another without paying a capital gains tax at the time of sale.
What Is the Augusta Rule and How Can You Use It for Tax-Free Rental Income?
If you are the owner of a small childcare business and you pay the health insurance premiums on behalf of employees who are enrolled in a qualified health plan, you may be eligible to receive the Small Business Health Insurance Credit. In the following guide, we provide an overview of the Small Business Health Insurance Credit, including what it is, …
If you operate your childcare business out of your home, you may be qualified for the home office tax deduction. The IRS sets forth guidelines for at-home daycare centers to help childcare business owners assess whether they are eligible for the home office tax deduction. In this article, we will take a look at the home office tax deduction, including …
One of the most important decisions you will make for your childcare business is the business structure you choose. Your business structure will have a significant impact on the way you run your childcare business, the paperwork you need to file, the taxes you pay, your personal liability, and your ability to raise funds. Your goal as a business owner …