287 Maximize Your Child Care Tax Savings (2025 Update)

The Child Care Directors Chair Podcast

Send us a text

In this conversation, childcare owners are guided through the complexities of tax season by tax professional Nekea Whitson. She shares her journey from being a childcare director to a tax consultant, emphasizing the importance of proper bookkeeping, understanding tax credits, and structuring businesses correctly to maximize tax efficiency. The discussion highlights common mistakes made by childcare owners and offers actionable advice for setting up for success in the new year.

takeaways

• End of the year is stressful for childcare owners.
• Proper bookkeeping is essential for tax preparation.
• Hiring the right tax professional can save money.
• Understanding tax credits can significantly reduce tax liability.
• Structuring your business correctly is crucial for tax efficiency.
• Many childcare owners overlook available tax credits.
• Organizing financial documents can prevent leaving money on the table.
• Estimated taxes must be paid to avoid penalties.
• Childcare owners need to be educated about tax strategies.
• Collaboration with tax professionals can lead to better financial outcomes.

Support the show

🌟 Join Us for an Incredible 3-Day Learning Event! 🌟

Don’t miss out on the Early Childhood Empowerment Conference, an unforgettable in-person event designed to elevate your skills and knowledge! Whether you're a director, educator, or passionate professional in the early childhood field, this conference will empower you with actionable strategies and tools to transform your practice.

📅 Event Dates: May 2-4, 2025 8:00am-5:00pm
🏨 Location: Crowne Plaza, Warwick, RI

✨ Immerse yourself in dynamic workshops, expert-led sessions, and networking opportunities that will enhance your teaching, leadership, and collaboration skills!

Click the link below for more details and to register today:
👉 Early Childhood Empowerment Conference - Registration

We can't wait to see you there! Let’s make this learning experience truly empowering! 💡