The Impact of Unreported Income and Non-Business Expenses on Child Care Business Value
“If You Hide the Money Too Well, Nobody Will Be Able to Find It.” When I started my business brokerage career in 1995, it was…
Category: Business & Financial
Effective Strategies to Reduce Labor Costs in Childcare
Optimizing Workforce Efficiency and Reducing Expenses Labor costs constitute a significant portion (often the largest expense) of overall childcare business expenses. Reducing these costs while…
Child Care Business Owner End of the Year Planning
Taking Stock Before the Holidays Like most businesses, the end of the year is a busy time for childcare business owners. Before the rush of…
Fair Market Rent How it Affects the Value of Your Child Care Business
Every child care business operates in a facility—a building and land. Some child care owners lease the building and land from a third-party owner. The…
Having QuickBooks Does Not Make You an Accountant
I have always found it curious that the focus on financial management for childcare business owners is learning to use QuickBooks (or any accounting software)…
Employing Family Members and Taxes
One advantage of operating your own business is hiring family members. However, employment tax requirements for family employees may vary from those that apply to…
