Setting up or purchasing a childcare business requires careful consideration of the business structure, as the choice between a company and a trust can significantly impact tax minimization and the long-term success of the business.

Investax provides expert guidance on choosing the right business structure for your childcare business. We help you evaluate the pros and cons of operating as a company or through a trust, ensuring that your business is set up for optimal tax efficiency and compliance with all regulatory requirements.

Many childcare operators receive government funding, such as subsidies or grants. Accurately recording and reporting these funds is critical, as mismanagement can lead to audits or the repayment of funds. Understanding the specific requirements attached to these funds and ensuring they are spent appropriately is essential.

Investax helps you manage and report government funding accurately, ensuring compliance with all funding requirements. We provide guidance on how to appropriately allocate and utilize these funds, reducing the risk of audits or repayment obligations.

Managing cash flow can be challenging, especially when dealing with fluctuating enrolments or delays in receiving government payments. Operators must carefully plan for both short-term and long-term expenses, including payroll, rent, and supplies.

Investax offers tailored cash flow management strategies, helping you balance incoming and outgoing funds to maintain financial stability. We assist with budgeting, forecasting, and managing expenses to ensure your business remains financially resilient.

Child care centres typically have a large staff, including full-time, part-time, and casual employees. Proper payroll management, including compliance with minimum wage laws, leave entitlements, and superannuation, is essential. Single Touch Payroll (STP) compliance is also required in Australia.

Investax provides comprehensive payroll processing services, ensuring that your payroll is compliant with employment laws and STP regulations. We help you manage employee superannuation, entitlements, and other payroll obligations efficiently.

Child care operators must navigate various tax issues, including income tax, Goods and Services Tax (GST), and potentially Fringe Benefits Tax (FBT) if they offer benefits to employees. Tax planning strategies, such as claiming deductions for supplies, rent, and staff training, can help minimize tax liabilities.

Investax offers expert tax planning services tailored to the child care industry. We help you structure your business to minimize tax liabilities, optimize deductions, and take full advantage of available tax incentives.

Accurate record-keeping is vital for tracking expenses, income, and government funding. Regular financial reporting helps childcare operators monitor their financial health and ensures compliance with tax obligations and regulatory requirements.

Investax provides comprehensive record-keeping and financial reporting services, ensuring that all financial activities are accurately documented and reported. We help you maintain compliance with all regulatory requirements and provide insights into your business’s financial health.

As childcare operators grow, whether by adding new locations or expanding existing facilities, they must carefully manage the financial implications, including financing, capital expenditure, and cash flow impacts.

Investax provides strategic financial management advice for expansion, helping you plan for the financial implications of growth. We assist with securing financing, managing capital expenditures, and ensuring that your expansion plans are financially sustainable.

Planning for the future, whether it involves selling your child care business or passing it on to the next generation, requires careful consideration of tax implications and business continuity.

Investax provides tailored succession planning and exit strategy services that minimize future capital gains tax and ensure a smooth transition. We work with you to develop a strategy that protects your legacy and secures the financial future of your business.