TAX PREPARATION CLINIC Childcare Education on Tax Preparation-All Levels (ACCREDITATION CEU APPROVED)
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Register
- Non-Member - $25
- Ambassador Member - Free!
- Executive Member - Free!
All training offers a certificate. Those trainings that offer CEUs will be notated in the training Title.
This PD Series is a 5-part Tax Preparation Clinic
Description: This workshop is designed to help family child care educators navigate the complexities of tax preparation, strategic tax planning, and regulatory compliance. Participants will learn to distinguish between tax preparation and tax planning (long-term strategies to reduce taxes).
The session also covers the new Beneficial Ownership Information Reporting , family child care educators must accurately report ownership and control details to ensure compliance.
Participants will gain practical knowledge through an on-demand video and receive personalized support during a one-hour coaching session to apply these concepts to their unique business situations. This workshop equips educators with the tools to strengthen their financial management and meet regulatory obligations confidently.
Expected Outcomes:
- Understanding the Difference Between Tax Preparation and Tax Planning: Before every session, participants will watch an on-demand video with the relevant topics, explaining the distinctions between tax preparation and tax planning. During a follow-up one-hour coaching session, they will apply this knowledge to their own financial situation by organizing records and identifying opportunities to collaborate with tax professionals for better financial outcomes.
- Complying with Beneficial Ownership Reporting Requirements: After viewing a detailed on-demand video on Beneficial Ownership Reporting, participants will prepare their business ownership documentation. In the one-hour coaching session, they will receive personalized guidance on completing and submitting their tax documents in time compliant with the 2025 deadline.
- Developing Strategic Tax Planning Practices for Small Businesses: Through an on-demand video, participants will learn about strategic tax planning techniques, such as maximizing deductions and planning for tax credits. In the coaching session, they will work with a coach to create a customized tax planning strategy that supports their long-term business goals and reduces their annual tax liability.
Learning Objectives
- Understand the Difference Between Tax Preparation and Tax Planning: Family child care educators will distinguish between tax preparation (reporting historical financial information) and tax planning (strategic, long-term tax reduction) to enhance their financial management skills.
- Comply with Beneficial Ownership Reporting Requirements: Family child care educators will learn how to identify and report their business’s ownership and control information to meet FinCEN’s Beneficial Ownership Information Reporting deadline of January 1, 2025.
- Develop Strategic Tax Planning Practices for Small Business: Family child care educators will apply practical strategies to reduce their liability over the long term while maintaining compliance with applicable tax laws and regulations.
Week 1: Tax Preparation Clinic: Childcare Education on Tax Preparation 2024 (SERIES 1 of 5) 30 minutes, February 11, 2025
Week 2: Tax Preparation Clinic: Understanding Schedule C (Series 2 Of 5) 30 minutes, February 18, 2025
Week 3: Tax Preparation Clinic: Interpretation of Automobile and Meal Expenses (Series 3 of 5) 30 Minutes, February 25, 2025
Week 4: Tax Preparation Clinic: Comprehending the Form 8829 (Series 4 of 5) 30 minutes, March 4, 2025
Week 5: Tax Preparation Clinic: The value of understanding how to reduce your taxable income with form 8829 (Series 5 of 5) 30 minutes, March 11, 2025
Time Zones
8:00 PM EST
7:00 PM CST
6 PM MST
5 PM PST
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Contains 3 Component(s), Includes Credits
What are allowable expenses on Form 8829?
Description
- What are allowable expenses on Form 8829?
- What are direct and indirect expenses on Form 8829?
- What other expenses can I deduct on Form 8829?
Violetta Archuleta
NAFCC Membership and Community Engagement Specialist
NAFCC
NAFCC’s Membership and Community Engagement Specialist has a Master of Business Administration with an emphasis in accounting.
She has earned her Thrive Pathway Child Care Business Tax Advisor Certification through CIVITAS. In this role, she is a child care business tax advisor; she can coach on practices and focus on providing tax education to empower child care business owners to make informed decisions and work effectively with their tax preparers.
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Contains 3 Component(s), Includes Credits
What is form 8829?
Description
- What is form 8829?
- How to calculate the total area of your home used for business?
- What is the difference between exclusive use and regular use?
- What is the definition of time space percentage for a provider?
- How do you calculate time space percentage on Form 8829?
Violetta Archuleta
NAFCC Membership and Community Engagement Specialist
NAFCC
NAFCC’s Membership and Community Engagement Specialist has a Master of Business Administration with an emphasis in accounting.
She has earned her Thrive Pathway Child Care Business Tax Advisor Certification through CIVITAS. In this role, she is a child care business tax advisor; she can coach on practices and focus on providing tax education to empower child care business owners to make informed decisions and work effectively with their tax preparers.
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Contains 3 Component(s), Includes Credits
What method should I use for automobile expenses?
Description
- What method should I use for automobile expenses?
- What is the difference between the standard mileage method and actual expense method?
- What method should I Use for meal expenses?
- What is the difference between the standard method and the actual expense method for meals?
Violetta Archuleta
NAFCC Membership and Community Engagement Specialist
NAFCC
NAFCC’s Membership and Community Engagement Specialist has a Master of Business Administration with an emphasis in accounting.
She has earned her Thrive Pathway Child Care Business Tax Advisor Certification through CIVITAS. In this role, she is a child care business tax advisor; she can coach on practices and focus on providing tax education to empower child care business owners to make informed decisions and work effectively with their tax preparers.
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Contains 3 Component(s), Includes Credits
What is Schedule C?
Description
- What is Schedule C?
- What is Part I of Schedule C?
- Where do I report my income on Schedule C?
- What expenses can be written on Part II of Schedule C?
Violetta Archuleta
NAFCC Membership and Community Engagement Specialist
NAFCC
NAFCC’s Membership and Community Engagement Specialist has a Master of Business Administration with an emphasis in accounting.
She has earned her Thrive Pathway Child Care Business Tax Advisor Certification through CIVITAS. In this role, she is a child care business tax advisor; she can coach on practices and focus on providing tax education to empower child care business owners to make informed decisions and work effectively with their tax preparers.
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Contains 3 Component(s), Includes Credits
What is the tax responsibility of a family childcare provider when they own a business?
Description:
- What is the tax responsibility of a family childcare provider when they own a business?
- What is the responsibility of the provider when reporting income on their business?
- What type of income should a provider report?
- Do you have an Employer Identification Number (EIN)? Do I need one? WHY?
- Which returns should you be filing?
- Do I need an extension to process my return? What type of form I need for an extension?
Violetta Archuleta
NAFCC Membership and Community Engagement Specialist
NAFCC
NAFCC’s Membership and Community Engagement Specialist has a Master of Business Administration with an emphasis in accounting.
She has earned her Thrive Pathway Child Care Business Tax Advisor Certification through CIVITAS. In this role, she is a child care business tax advisor; she can coach on practices and focus on providing tax education to empower child care business owners to make informed decisions and work effectively with their tax preparers.
Free English/Español Professional Development with NAFCC and FIND PD Stanford University
NAFCC is excited to partner with FIND PD Stanford University to offer a free, high-quality professional development opportunity for family child care educators. This program will empower family child care educators with practical strategies grounded in scientific research that can be immediately put into practice to enhance positive interactions, promote child development, and effectively manage challenging child behavior. Each session has been aligned with NAFCC Accreditation Quality Standards. Join us in enhancing your skills and strengthening your impact in early childhood education through this valuable learning experience.
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