Childcare Accounting

Nationwide CPA Services for Child Care Providers

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.

  • Child Care Tax Planning: Maximize deductions and credits specific to child care while ensuring compliance with federal and state regulations.
  • Accurate Financial Reporting: Tailored statements for budgeting, grants, and securing loans.
  • Payroll and Compliance Management: Streamlined payroll processing that meets child care labor laws.
  • Regulatory Compliance: Ensure your center meets all licensing and regulatory requirements.
  • Business Growth Consulting: Expert guidance for cash flow management and center expansion.

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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.

Frequently Asked Questions

What tax deductions are available specifically for child care centers?
How can I maximize tax credits through the Dependent Care Assistance Program (DCAP)?
What is cost segregation, and how does it benefit my child care center?
Are 1031 exchanges beneficial for child care centers looking to expand?
How can I ensure compliance with state and federal tax regulations for child care businesses?
What are the best practices for budgeting and forecasting in the child care industry?
How do I handle personal property tax filings for my child care center?
What should I consider when selling my child care business?
How can I improve my cash flow management in a child care center?
Is tax planning different for non-profit child care centers?

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Accounting Strategies for the Child Care Industry

Brian Van Camp, CPA, MTax

Managing Partner, Director of Tax Strategy

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.

Jacob Martin

Partner

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.

CPA Support for Your Child Care Business

Experienced CPA Guidance

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:

  • Industry-Specific Knowledge: A specialist understands the specific tax codes, deductions, and credits available to child care businesses, ensuring no opportunities are missed.
  • Tailored Financial Strategies: Unlike generalists, specialists create strategies that address the operational nuances of child care centers, such as seasonal enrollment fluctuations and staff retention.
  • Regulatory Expertise: Specialists stay up to date with the latest regulations affecting child care providers, helping you remain compliant with licensing and tax laws.
  • Focused Experience: With years of hands-on experience in the child care sector, specialists can anticipate and solve problems unique to your business, providing more effective and relevant advice.
  • Optimized Growth Support: Whether you’re looking to expand, sell, or acquire new centers, specialists offer insights and guidance specific to the financial realities of the child care industry.

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