Comprehensive CPA Solutions for the Child Care Industry
Running a successful child care business requires more than just managing day-to-day operations—it demands strategic financial planning and compliance with industry regulations. Our team specializes in providing customized accounting services to help you navigate the complexities of running a child care center, daycare, or early childhood education facility.
Tailored Support for Your Child Care Business
Whether you’re planning for growth, preparing for a business transition, or simply looking to optimize daily financial operations, we offer a range of specialized services tailored to the child care industry:
- Business Sale Analysis and Brokering: Expert guidance on valuations, preparing your financials for potential buyers, and managing the sale process to minimize costs and broker fees.
- Budgeting and Financial Forecasting: Create financial forecasts and budgets that help plan for enrollment fluctuations, staff retention, and capital expenditures, ensuring long-term financial stability.
- Monthly Bookkeeping Services: Accurate bookkeeping, including tuition tracking, payroll, and vendor payments, to ensure your records are always up to date and ready for audits or planning.
- Bank and Credit Card Reconciliations: Regular reconciliations to ensure that your financial records are accurate, with any discrepancies resolved promptly to maintain clear cash flow.
- Tax Planning and Preparation: Maximize child care-related deductions and tax credits, while ensuring compliance with both federal and state regulations, including child care tax incentives.
- Personal Property Tax Filings: Compliance with local tax requirements for assets like playground equipment, office supplies, and vehicles used in daily operations.
- Financial Statement Preparation: Preparation of detailed, GAAP-compliant financial statements that are essential for loan applications, grant proposals, and strategic planning.
- Cost Segregation for Real Estate Acquisitions: Help reduce taxable income by accelerating depreciation on real estate assets used for your center, allowing for significant tax savings.
- 1031 Exchanges for Child Care Facilities: Assistance with 1031 exchanges to defer capital gains taxes and facilitate growth when reinvesting in new facilities or expanding your child care business.
Our goal is to provide personalized, industry-specific financial solutions that not only help you manage daily operations but also support your long-term business objectives. Whether you’re expanding, selling, or optimizing your center’s performance, we’re here to guide you every step of the way.