How Do You Pay Yourself As A Childcare Business Owner?

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  • Опубликовано: 11 сен 2024
  • 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:
    bit.ly/CFOCons...
    Or visit our website: topdollarcfo.com
    You can also visit and subscribe to my RUclips channel to know how you can save on taxes and make your childcare business profitable: bit.ly/GJHRUclips
    Here’s the link to my free e-book: “Top 5 Reasons You Need Bookkeeping As a Provider Within Your Business”: bit.ly/3rId9oj
    #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

Комментарии • 20

  • @donnawafer4575
    @donnawafer4575  2 года назад

    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 RUclips channel to know how you can save on taxes and make your childcare business profitable: ruclips.net/channel/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

  • @darkchocolategirl51
    @darkchocolategirl51 Год назад +1

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

  • @Raquellelynnettereviews
    @Raquellelynnettereviews Год назад

    New subbie!!!❤

  • @bosslady5694
    @bosslady5694 Год назад

    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?

    • @donnawafer4575
      @donnawafer4575  Год назад

      Yes, I would recommend that you have a personal account to deposit your paycheck into other than the business account. Always keep these accounts separate. Good Question!

  • @Kingme1love
    @Kingme1love Год назад

    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?

    • @donnawafer4575
      @donnawafer4575  Год назад

      Hi there. I sent you a link to book a consultation as I would need more clarification regarding your inquiry. Hope to speak with you soon!

  • @pachellehines3743
    @pachellehines3743 Год назад

    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.

    • @donnawafer4575
      @donnawafer4575  Год назад

      Hi there. Click the link in my description box and set up a 15 min consult with me and we can discuss. Hope to hear from you soon!

  • @Yapah.S.Da.K.O.S
    @Yapah.S.Da.K.O.S 17 дней назад

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

  • @lakeishaconley7947
    @lakeishaconley7947 Год назад

    What state are you in?

  • @dbailey9726
    @dbailey9726 13 часов назад

    She repeats the information waaaaaay to many times im sorry