Guide to the Child and Dependent Care Credit

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 …

What You Need to Know About a 1031 Exchange

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 You Need to Know About the Small Business Health Insurance Credit

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, …

How to Deduct Your Home Office for Your In-Home Childcare Center

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 …

Choose the Right Business Structure for Your Childcare Business

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 …