Many individuals who own sole proprietorships, partnerships, limited liability companies, S corporations, and certain trusts and estates may be eligible for the qualified business income (QBI) deduction. Is your childcare business one of them? In the following guide, learn what the qualified business income deduction is, whether your childcare company qualifies, and how you can claim your deduction. Read on read more.

What do you do when an employee asks you for a raise? As a childcare business owner, you may have found yourself caught off-guard by an employee who brings up the topic of a raise. In the following article, we share practical tips to help you successfully navigate employee raises so you can effectively manage your childcare business team—and your read more.

Credit cards can give your childcare business leverage by helping you save money, grow your business, and keep track of spending. If you know how to use credit cards wisely, they can become a tool that will help you propel your daycare business forward. In this article, we examine the advantages that credit cards can offer you as a childcare read more.

Thinking about buying or leasing a vehicle for your childcare business? A company vehicle may prove a valuable asset to your daycare business. You have several important options to consider when it comes to your company vehicle. In this article, we explore buying versus leasing a vehicle, standard mileage deduction versus actual costs deduction, and depreciating your vehicle. Read on read more.

The Work Opportunity Tax Credit (WOTC) is a tax credit program initiated by the federal government through the Internal Revenue Service to increase employment opportunities for specific groups of people who might otherwise find barriers to employment. As a business owner, if you hire an employee from one of the target groups outlined by the WOTC program, you are eligible read more.

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 read more.

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 read more.

Are you ready to start your dream daycare business? Congratulations! In the following article, we cover the most important steps you will need to take in order to launch your childcare business. There may be challenges ahead, but careful planning and preparation will set you up for success. This guide is a great place to begin. How Do I Know read more.