Running a child care center involves navigating complex financial and regulatory challenges. Our experienced CPA team, led by Brian Van Camp and Jacob Martin, has over 15 years of expertise in the child care sector, regularly speaking at Utah Private Child Care Association seminars. We’ve helped providers nationwide secure financing for real estate and center acquisitions, positioning us as trusted financial partners for your business.
From our offices in Utah, Montana, and Hawaii, we offer comprehensive accounting services tailored to optimize your center’s financial health. Whether it’s tax planning, payroll management, or ensuring regulatory compliance, we’re here to support your long-term growth and financial stability.
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.
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:
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.
Child care centers can take advantage of several industry-specific tax deductions. These include depreciation on real estate and equipment, employee wages and benefits, utilities, and supplies used in the daily operation of the center. Additionally, centers can claim deductions for staff training and child development programs.
DCAP allows employers to offer pre-tax benefits to employees to help cover child care costs. As a child care provider, you can also benefit by offering DCAP to your own employees, which can help you attract and retain staff while reducing your tax liability.
Cost segregation allows you to accelerate depreciation on certain aspects of your property, such as building improvements, equipment, and playground structures. By identifying assets that can be depreciated faster, you can reduce your taxable income and free up cash flow.
Yes, a 1031 exchange can be highly beneficial when you’re reinvesting in new real estate for your child care center. This allows you to defer capital gains taxes when selling a property and purchasing a similar one, helping you expand or relocate while maintaining tax efficiency.
State and federal tax regulations can vary, and child care centers often face unique compliance challenges. Our team provides detailed tax planning to ensure you meet all licensing, payroll, and property tax requirements, helping you avoid costly penalties and keep your center operating smoothly.
Budgeting for a child care center involves planning for seasonal enrollment fluctuations, managing payroll, and forecasting operational costs such as supplies and facility maintenance. Accurate forecasting ensures you can meet financial obligations, manage growth, and plan for capital improvements.
Personal property tax filings are required for equipment and materials used in your center, such as playground equipment, furniture, and computers. We help you file these accurately, ensuring compliance with local tax laws and minimizing the risk of penalties.
Selling a child care business involves a comprehensive analysis of your financial statements, market conditions, and business valuation. We can help you prepare for a sale by optimizing your financials, finding potential buyers, and negotiating terms that maximize your value.
Cash flow is essential for child care centers to handle day-to-day expenses, payroll, and unexpected costs. We recommend regular financial reviews, optimizing billing cycles for tuition payments, and ensuring timely collection of receivables to keep cash flow steady.
Yes, non-profit child care centers have unique tax planning needs, including maintaining 501(c)(3) status, managing restricted funds, and ensuring compliance with grant regulations. We provide tax planning services that align with your non-profit status to minimize risk and optimize tax benefits.
Brian’s passion for developing and implementing business and tax strategies has been instrumental to many businesses and individuals during his tenure at Linked Accounting. Business owners regularly seek out his advice on tax planning and audit matters, commercial lending, and business acquisition and sale transactions. When new tax laws are passed, you can be certain Brian will have read the law and developed tax strategies to help our clients make good use of new provisions of the Tax Code.
Above all, Jacob cares about the relationship with and success of his clients. They are not alone in navigating a complicated business and tax world. He thrives and is happiest when a client calls with a problem and together they solve it. Consulting and implementing strategies to reduce tax exposure provides many opportunities for Jacob to gain valuable insights that prove valuable to his clients.
Our dedicated specialists provide personalized financial guidance that addresses the unique needs of child care providers. From managing operational cash flow to ensuring compliance with tax regulations, we create strategies that support the growth and sustainability of your center. With deep expertise in the child care industry, we help you navigate complex financial landscapes, optimize tax savings, and make informed decisions that drive long-term success.
Why a specialist is better than a generalist: