Are you interested in learning more about the BAS (Business Administration Scale) for family child care? The BAS is a tool that can be used for program self-improvement and is a required component for ExceleRate Illinois. The McCormick Center for Early Childhood Leadership offers resources and information to support providers in preparing for an ExceleRate BAS assessment. This checklist gives a list of categories for which providers are asked to collect documentation as part of a BAS visit. This might be a helpful starting point for learning more about what is included in BAS and for self-evaluating your business.
Get your tax payments organized at the federal and state level by creating an account with the U.S. Department of the Treasury and the state of Illinois.
The Electronic Federal Tax Payment System® tax payment service is provided free by the U.S. Department of the Treasury. After you’ve enrolled and received your credentials, you can pay any tax due to the Internal Revenue Service (IRS) using this system. You can also set up an account for the state of Illinois at My Tax IL.
Do you have high-deductible, minimal coverage health insurance? Did you know that you can start a Health Savings Account (HSA) to pay for medical expenses? A HSA is a tax-advantaged medical savings account that allows you to contribute money and then take money out for certain out of pocket medical expenses tax-free. You can eventually roll your HSA over into a retirement account. Find more information about Health Savings Accounts here.