Keeping a child care operation’s tax bill low should not be a problem, given the effects of the pandemic on the bottom-lines of so many. However, to keep a business’s tax bill low year-after-year requires planning. One of the best tools for reducing taxes year-after-year involves the records maintained by the operation.  Good records can help every early childhood professional generate an accurate tax bill and ward off zealous IRS auditors. But, that’s not all.

To access this post, upgrade your membership.