The saying goes, “If you are in business, your business needs a website.” And a child care business is no different. Not so many years ago, parents began their search for local child care centers by looking in the Yellow Pages. However, today, parents are more likely to start their search on the internet. Therefore,…
“If it wasn’t for the “paperwork” running a child care business would be more fun.” Unfortunately, the IRS says you must keep records as longs as it may be necessary to support the income and deductions you reported on your business and personal tax return. And, of coursed, the length of time you have to…
How to Choose the Right Accountant for Your Child Care Business Your accountant should be looked at as a valuable member of your professional team. A qualified accountant can provide you with advice on your accounting system, tax planning, estate planning, and financial management. What should you look for when choosing the right accountant? Use…
Tuition Collection The collection of tuition fees is a constant challenge for most child care centers. However, the consistent, timely collection of tuition fees is critical to the cash flow and long-term success of a child care business. None payment and slow payment of tuition can be avoided, however, by developing an effective collections plan.…
What Does a Lender Look For? The 5 C’S of Lending Lenders and investors look not only at the business numbers when making a loan but also take into consideration intangible things. These intangible considerations are often referred to as the five C’s: 1. Character – it is important to the lender that the borrower…