What Is the Augusta Rule and How Can You Use It for Tax-Free Rental Income? read more.

It’s a new year and many of us are ready to get organized and streamline our business processes for the year ahead. In today’s article, we offer several practical ideas for organizing receipts for your childcare business. Read on to find out more. read more.

As the year draws to a close, a few important tasks may still need to be checked off your to-do list as a childcare business owner. In the following guide, the Honest Buck Accounting team has compiled an actionable year-end checklist for the small business owner. Read on to find out more.  read more.

Good childcare tax season tips can turn the most dreaded weeks on the calendar into a well-run process. If filing your business taxes feels overwhelming, this guide is for you. Below are five CPA-backed strategies to help you file with less stress — and set yourself up for a cleaner season next year and every year after. Why Childcare Tax read more.

Looking to trim your childcare business tax deductions list and save real money this filing season? This guide walks through the top ten deductions available to childcare providers — from employee wages to home office expenses — so you can go into tax time knowing exactly what to claim. Take advantage of as many as apply to your business, and read more.

If you run an in-home daycare, the in-home childcare home office deduction can put real money back in your pocket at tax time. The IRS gives at-home childcare owners special rules that most other home-based businesses do not get. Below, we break down who qualifies, how to calculate it, and which forms to file. What the In-Home Childcare Home Office read more.

One of the first big decisions you will make as a daycare owner is your childcare business structure. Your structure shapes how much tax you pay, how much personal risk you carry, how much paperwork you file, and how easily you can raise money. Below is a plain-English breakdown of every common option — sole prop, partnership, LLC, C corp, read more.

If you own a daycare, preschool, or in-home childcare program, the childcare QBI deduction is one of the largest tax breaks available to you. It can shave up to 20% off your taxable business income — but only if your structure, income, and documentation line up correctly. Below is a plain-English guide to who qualifies, who does not, and how read more.