How Do You Pay Yourself As A Childcare Business Owner? 

If your childcare business is established and profitable it’s only right that you pay yourself. However, as an owner how do you pay yourself legally? The answer is pretty clear cut, evaluate the structure of childcare business you own. Is it a Sole proprietorship, Limited Liability Company or Corporation. Though there are no restrictions on how much you should be paying yourself, there are tax implications and other important things you need to consider. In this video, I break down how you can pay yourself as a childcare business owner depending on structure of business. If you have any more questions on how this could impact your childcare business click the link below to schedule a 15 min Childcare strategy session. calendly.com/donna-wafer/strategic-meeting Or visit our website: www.gjhaccttax.com/ You can also visit and subscribe to my RU-vid channel to know how you can save on taxes and make your childcare business profitable: ru-vid.com/show-UCAzaOl2cz3xSt2oVbylz1JA Here is a Childcare Tax checklist for your enjoyment to learn how a Childcare Owner paid “0” dollars in taxes after bringing in over six-figures in revenues: marvelous-trailblazer-9754.ck.page/78942d1e9a #childcaretaxprofessional #childcaretaxcredit #childcareaccounting #childcaretax #childcareaccountant #childcareCFO #childcarepayroll #childcareprovidersrock #childcarebusiness #childcarebusinessgrowth #childcare_business_tools #phillychildcareprovider #childcarebusinesscredit #atlantachildcare #childcarecenter #phillychildcare #childcarecenter #childcareprovider #childcareprofessional #childcareowner #familychildcareprovider #childcaredirector #daycareprovider #daycareowner #preschoolowner #inhomechildcare #inhomedaycare #inhomechildcareprovider #daycareaccounting

Great content. It is important to have an knowledgeable and trustworthy financial professional. Thank you

New subbie!!!❤

Really all stay at home mothers are business owners, lol how can we do this for our children.

Hi Donna I watch your video it was great, thank you!!, my question for you now if write a check to my self, do I need to have a separate personal account other than the business?

Your sole proprietor statement about owner paying employee taxes incorrectly under systematic payroll how is that not correctable when the IRS sends us correction invoices all the time for moneys we have to pay back if incorrectly calculated?

Hi I'm a home child care. I have a question about how my bookkeep. She is not using my cash receipts. I'm feeling for uncomfortable with her now. Ask her about it and she ask like it wasn't nothing.

What state are you in?