Feeding children every day is one of the biggest costs of running a family child care. Whether you’re already on the Child and Adult Care Food Program (CACFP) — or not quite ready yet — you do have ways to recoup a portion of what you spend on food. This post explains the two financial “roads” you
Childcare providers already understand the Time/Space Percentage — it’s a core part of running a home business and preparing for tax season. But because the workday is long, routines are packed, and responsibilities never end, it’s easy for smaller details to slip through. The truth is: you’re doing Time/Space already — but you may be too
Every home childcare provider knows this moment. You open a drawer. Or a shoebox. Or your photo gallery. And you realize: “My receipts are everywhere… and tax season is coming.” You’re not alone. Most providers face tax time with a pile of scattered receipts, missing proof of payment, and questions about what the IRS actually
We’re excited to announce that starting October 15, sponsored centers using Parachute will have access to the new Receipt Capture feature — designed to simplify how Food Program expenses are recorded, reviewed, and verified. Read Full Release Notes for October here → Receipt Capture, which is available exclusively in Parachute, helps sponsors cut down manual expenses review time and catch errors —
Beginning October 7, you will access Accounting data from Parachute rather than KidKare. All of your Accounting data (expenses, invoices, etc…) will live within the Parachute, which you can toggle to from KidKare at any time. Your Parachute account is already active, your current login credentials work, all your accounting data has been automatically transferred, and
Are you struggling to keep your childcare business afloat in these uncertain times? You’re not alone. Cash flow management is the lifeblood of any successful childcare center, yet it’s often the most challenging aspect to master. Recently, we hosted an eye-opening webinar featuring childcare accounting experts Charles H. Green and Mohamed Aalen, who shared their invaluable insights
It’s that time of year again. Tax season. A time when many Americans scramble to get their paperwork in order and submit their taxes on time. For many people, tax season is a time of stress and anxiety. But it doesn’t have to be that way. If you’re a family childcare participant, there are some
Deducting your expenses as a home-based childcare provider can save you a lot of money at tax time. Unfortunately, more than 70% of providers are missing out on deductions and savings, according to this article. The reason is many home daycares don’t calculate their Time-Space Percentage accurately. Your Time-Space Percentage (T/S%) is the single most important
As we gear up for tax season, we know how crucial it is for family childcare providers like you to have the right tools in place for stress-free financial management. That’s why we’re here to share valuable tax tips and helpful solutions. Note: This article is presented for information purposes only. Always consult a tax
Can you believe we are SOARING through summer? While the kids are out of your care, it’s the perfect time to gear up for an amazing year ahead with Parachute. Here are three reasons why signing up for Parachute this summer will make a big splash for your business. 1. Learn While the Kids Are Away Summer is the
