You’ve devoted your life to your passion—caring for children. And whether you are running a chain of daycare centers or have a home-based child care business, it’s likely that you don’t have an extra minute to spend on accounting work. So, let our team of professionals handle your time-consuming accounting tasks, so you can focus on taking care of the kids.
Our team has extensive experience serving child care business owners, so we know the challenges you face—including managing overhead, staffing and ensuring proper cash flow. We also know that you have several expenses throughout the year such as purchasing toys, outdoor playground equipment, cribs, high chairs, food and more. We work with you year-round to analyze your cash flow, support you with sound tax planning, and provide insight into your numbers to ensure you maintain a healthy financial status.
If you’re like many self-employed business owners, you may be tempted to stick to the tried-and-true tax deductions (your home office, if you have one, office supplies, mileage, meals, etc.) when doing your taxes. However, one important money-saving advantage of working with a tax professional is they can identify lesser known deductions that you may be entitled to, but are unaware of.
Now that President Trump has signed the new tax law, it’s time to look at how the new changes to the tax code, also known as the “Tax Cuts and Jobs Act,” may impact individuals and businesses. Below is a summary of the major changes that may impact you:
With the Tax Cuts and Jobs Act reportedly headed for the President's desk shortly, you may be asking what you can do before year-end to best position yourself for tax savings, and to avoid or soften the impact of disappearing deductions. The following offers year-end moves that can accomplish those goals.