Selecting the right business entity is a crucial decision that impacts your tax savings, legal protection, and financial success. At The Childcare CPA™, we specialize in guiding childcare business owners through business entity selection and tax elections, ensuring you’re set up for long-term profitability and compliance. Let us help you make the smartest choice for your business’s future.
Choosing the right business structure is not just a formality; it directly affects your taxes, liability, and growth potential.
The right entity can help you reduce taxes, limit personal risk, and set your childcare business up for long-term success. On the other hand, the wrong choice could leave you paying more in taxes than necessary or facing compliance risks.
Here’s why selecting the right business entity tax structure is so important:
The right entity helps you legally minimize taxable income and maximize deductions.
Proper business structure shields your personal finances from business debts and liabilities.
Choosing the right entity helps streamline tax preparation and avoid costly IRS issues.
The right structure ensures your business is set up to grow without tax or legal roadblocks.
With expert guidance from The Childcare CPA, we’ll help you choose the best business entity for your childcare business—so you can keep more of your hard-earned money, stay compliant, and focus on growing with confidence.
Not all business structures are created equal—and the right choice can save you thousands in taxes while protecting your business.
At The Childcare CPA, we go beyond basic entity selection. Our nuanced process of business entity selection and tax elections helps you choose the best structure for your financial goals, navigate tax elections, and ensure your business is set up for long-term success.
With our expert guidance, you’ll make a confident, informed decision that keeps more money in your pocket and supports your business growth.
We assess your business goals and financial situation to recommend the best entity structure, ensuring tax efficiency, liability protection, and compliance.
We break down LLCs, S-Corps, and other structures to help you understand the tax implications of each and make an informed choice that supports your business's growth.
We'll guide you through critical decisions, such as opting for S-Corp status, to ensure you're maximizing your tax benefits while remaining compliant with IRS regulations.
We handle all necessary registrations, secure licenses, and obtain your tax IDs to ensure a smooth transition to your new business structure with minimal hassle.
The decision you make today about your business entity can have far-reaching implications for your childcare center’s future. Let The Childcare CPA™ guide you towards making a choice that not only meets your current needs but also paves the way for future success and stability.
Frequently Asked Questions
Absolutely! We are a virtual accounting practice that serves childcare business owners in all 50 states. Our digital tools and platforms allow us to communicate and collaborate with you no matter where you are located.
Our virtual accounting services are designed for ease and efficiency.
We use secure cloud-based accounting software and communication tools to manage your books, offer tax advice, and conduct meetings. You’ll have access to your financials anytime, anywhere, and regular meetings with us can be done through video or phone calls.
We primarily work with QuickBooks Online, given its versatility and accessibility.
However, we are experienced with various accounting software platforms and can work with what you currently use or help you transition to a system that best suits your childcare business’s needs.
Communication frequency depends on the service package you choose, but you can expect unlimited email support with response times ranging from 2 to 4 business days, based on your tier.
Additionally, we schedule regular meetings (monthly, quarterly, or bi-annually) to review your financials and discuss strategies.
You’ll receive comprehensive financial reports including, but not limited to, profit and loss statements, balance sheets, and cash flow statements.
The frequency of these reports will depend on your chosen service package.
Yes, we specialize in tax services for childcare businesses. This includes annual tax estimation, tax preparation for your business and personal taxes (depending on the package), and strategic planning to minimize your tax liabilities.
Our bookkeeping services include transaction categorization, reconciliation of accounts, and the preparation of financial statements.
We also offer budgeting, tax estimation checks, and support for any accounting-related queries you have.
Starting is easy! Schedule a Discovery Call with our team so we can understand your needs and recommend the best service package for you.
From there, we’ll guide you through the onboarding process.
We strive to provide top-notch service but understand circumstances change.
If you decide to disengage, we’ll assist with the transition. Note that annual contracts not completed may not include a pro-rated tax return but can be purchased separately.
Additional meetings beyond those included in your package can be scheduled for an additional fee.
The cost varies by tier, with some packages offering additional meetings at no extra cost.
Our complimentary discovery calls, or Tax Talk calls, provide a valuable opportunity for us to learn more about your childcare business or personal tax needs.
During these calls, we’ll introduce our range of services tailored for childcare accountants, from tax preparation to strategic planning, and determine the best path forward for our potential partnership.
If you require specific advice or support beyond the introductory discussion, we might suggest scheduling a paid consultation for more in-depth assistance.
We do not conduct audits. Specializing in childcare taxes and accounting, our focus is on supporting the growth of your childcare business and helping you build generational wealth, rather than performing audits.
However, we’re equipped to assist you in audit preparation and completion, ensuring you’re ready and compliant without performing the audit ourselves.
Absolutely! Our experience with nonprofits, especially in the childcare sector, spans grant reporting and budgeting.
We’re adept at helping nonprofit childcare centers remain compliant and secure continued funding, all while fostering growth and sustainability.
Yes, we can still prepare your tax return even if we haven’t managed your accounting. To ensure a smooth tax filing process for your childcare business, we recommend beginning with a Childcare Tax Readiness Call.
This step helps us verify that all necessary documentation and information are organized and ready for an accurate and beneficial tax filing.
Many of our clients entrust us with their broader financial needs due to the quality of our service. We’re more than capable of assisting with various types of businesses, provided they align with our expertise.
Our team is comprised of fully degreed accountants experienced in diverse industries beyond childcare, enabling us to offer comprehensive financial guidance and support.
Absolutely. If your books are not up to date, our firm offers catch-up and clean-up accounting services. We ensure your financial records are accurate, allowing us to file your tax returns effectively and maximize your deductions and credits.
Starting with a clean slate guarantees the best possible financial outcome for your childcare business.
📍 1765 S Avondale St. Philadelphia, PA 19142
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Need help?
You may call us at (215) 294-7190
or Email us at
info@thechildcarecpa.com
