Kindercare tax info: Child & Dependent Care Tax Credit Information
KinderCare Learning Companies hiring Tax Accountant I in Lake Oswego, Oregon, United States
Working with KinderCare Learning Companies means using your outstanding talents to help set the foundation for lifelong learners, where you can collaborate with colleagues, grow and learn, and positively impact the families we serve.
With over 50 years of experience, 30,000+ employees, and more than 2,000 early learning center programs, we are the most accredited leaders in early childhood education. Together, we create environments where kids grow and thrive. As one of only four companies to receive the Gallup Exceptional Workplace Award six times, we’re confident that you can grow and thrive here, too. We can’t wait to meet you.
KinderCare is searching for a Tax Specialist to be responsible for our day to day business license activities, including assisting with property tax and tax compliance. This position partners closely with the Director of Sales/Use Tax and multiple business units internally and externally. In this role, you will ensure the registration, renewal, and payment of our business licenses.
Key Responsibilities Include
- Work with Sr Tax Accountant to process business license renewals and register new locations for business licenses
- Maintain and update license calendar
- Research business license requirements for new locations and maintain compliance with all state, city, and county requirements
- Collaborate with various municipalities to obtain clarity/confirmation of details
- Partner with field and other departments to gather center license information
- Gain knowledge of property tax jurisdictions throughout the country, including tax bill deadlines, appeal deadlines, and tracking statutory deadlines
- Review all incoming mail and assist with electronically scanning invoices
- Mail/Email licenses to centers and maintain tax department electronic files of completed licenses
- Assist with Sales and Use Tax compliance as needed
Primary Location
US-Oregon-Lake Oswego
Job
National Support Center
Organization
NSC
Schedule
Permanent
Shift
Standard
Job Type
Full-time
Job Level
Day Job
Travel
No
Job Posting
Feb 3, 2023, 6:57:38 PM
- Two-year college degree
- 2 years’ experience in a multi-state accounting department with general ledger and accounts payable experience
- Proficient in Microsoft Office software programs, especially Excel
- Strong analytical and problem-solving skills, coupled with strong people skills
- Skilled at clearly and succinctly articulating written and oral communications and tailoring it to the specific audience.
- Ability to multi-task, prioritize numerous time critical license filings and respond to emergent situations. Perform with a high degree of accuracy with excellent attention to detail and good judgement.
- Flexible and adaptable to new processes and a fast-paced environment
We’re Here To Help Our Employees Navigate The Integration Of Work And Life
Our benefits meet you where you are.
- Know your whole family is supported with discounted child care benefits.
- Breathe easy with medical, dental, and vision benefits for your family (and pets, too!).
- Feel supported in your mental health and personal growth with employee assistance programs.
- Feel great and thrive with access to health and wellness programs, generous paid time off and discounts for work necessities, such as cell phones.
- … and much more.
At KinderCare Learning Companies you’ll use your skills and expertise to help craft and contribute to our shared mission of supporting communities and encouraging lifelong learners.
From our teachers to our cooks to our financial analysts, we are all passionate about crafting a world of learning, happiness and adventure for more than 150,000 children every day.
As the first national early childcare education provider to achieve the WELL Health-Safety Rating from the International WELL Building Institute, we continue to follow the latest science-backed and evidence-based strategies for maintaining a safe and worry-free workplace.
Our highest priority has always been to keep our employees, children, families, and communities as safe and healthy as possible. KinderCare highly encourages its employees to be vaccinated against COVID-19 to protect themselves and their communities. We are proud to provide paid time off for employees to receive the COVID-19 vaccine. We are also subject to state law, local ordinances, and Health Department requirements for employees working in child care, school facilities, and corporate work spaces.
We truly believe that everyone belongs in our circle, and everyone deserves to be celebrated for who they are.
By partnering with underrepresented groups and experts in DEI, we are identifying areas to improve and forging a path forward through accountability, compassion, accessibility, and inclusion.
KinderCare Learning Companies is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, national origin, age, sex, religion, disability, sexual orientation, marital status, military or veteran status, gender identity or expression, or any other basis protected by local, state, or federal law.
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Entry level
-
Full-time
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Accounting/Auditing and Finance
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Education Management
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Tax Troubles for Kinder-Care Founder
L.A. Times Archives
From Associated Press
MONTGOMERY, Ala. —
The founder of Kinder-Care, the nation’s largest child day-care chain, pleaded guilty Friday to evading taxes on $482,500 that he received for pledging company money to deals by Drexel Burnham Lambert Inc.
Perry Mendel, 69, entered the plea in federal court after the case was transferred from New York, where he and former Kinder-Care President Richard Grassgreen were indicted in a spinoff from the Michael Milken prosecution.
Mendel was allowed to remain free on $25,000 bond after entering the plea. A sentencing date was not set.
Mendel was charged with failing to report $482,500 that he received in 1984 as a “commitment fee” for agreeing to buy another company’s junk bonds from Drexel.
Mendel faces a maximum five years in prison and $250,000 fine. The judge could fine him twice the gross loss to the victim or twice his gross gain.
Assistant U.S. Atty. Broward Segrest said Mendel agreed to repay the company, file amended tax returns for 1985-89 and pay past taxes and penalties before he is sentenced.
Grassgreen earlier pleaded guilty to two counts of securities fraud in the deal, and is to be sentenced Sept. 12 in New York.
Federal prosecutors said Mendel and Grassgreen split a $965,000 payment that was supposed to go to Kinder-Care. Prosecutors said the money was paid after the two, through an entity they created called Megra Partners, committed Kinder-Care to buying about $85 million in high-yielding junk bonds to help finance a series of corporate takeover bids.
Eventually they bought $25 million in bonds, transferring them from Megra Partners to Kinder-Care. Prosecutors said that when the $965,000 was paid to Megra Partners, Mendel and Grassgreen kept the money and did not pay taxes on it.
The actions of Mendel and Grassgreen surfaced in the New York prosecution of Milken, the onetime Beverly Hills junk bond wizard now serving a 10-year sentence after pleading guilty to securities and other frauds.
Mendel founded Kinder-Care with a group of investors in Montgomery in 1969. Over the next two decades, as the demand for child care grew, the company became a national chain with more than 1,100 child-care centers. Its revenue hit a record $231 million in 1986.
But with Grassgreen at the helm, the company moved into the retail and financial services industries in the 1980s, eventually splitting into separately owned firms–Kinder-Care Learning Centers, the child-care chain, and Enstar, the financial-retail dealer.
Both fell into financial trouble, with Enstar seeking protection in bankruptcy court earlier this year and Kinder-Care unable to meet payments on about $400 million in debts.
Mendel retired last year and soon will lose his seat on the Kinder-Care Learning Centers board.
He is being sued by the company and by stockholders, partly over an exit package that was to have paid him $500,000 for 10 years, a company spokesman said.
VAT: taxable activities of the kindergarten?
According to the Tax Code of the Russian Federation, the maintenance of children in preschool institutions is not subject to VAT. At first glance, everything is simple: kindergartens do not have to pay value added tax. However, this rule does not always work. This leads to difficulties in accounting for the “input” tax.
What is the problem? Legislation is ambiguous
Subparagraph 4 of paragraph 2 of Article 149The Tax Code of the Russian Federation provides for the following benefit. Services for the maintenance of children in preschool institutions, for conducting classes with minor children in circles, sections (including sports) and studios are not subject to VAT. At the same time, paragraph 6 of Article 149 of the Tax Code of the Russian Federation states that this benefit is applicable only if there is a license.
Moreover, this document must be obtained for the implementation of activities licensed in accordance with the law.
But only the educational activities of the kindergarten are subject to licensing. But what if the kindergarten does not conduct educational activities? Does he need a license? There are no clear official clarifications on this issue. Consider arbitration practice.
Analysis of arbitration practice
The main general education programs include programs of pre-school education. This is stated in subparagraph 1 of paragraph 3 of Article 9 of the Law of the Russian Federation of July 10, 1992 No. 3266-1 (hereinafter – Law No. 3266-1). At the same time, general education programs are implemented, in particular, in preschool educational institutions, which are kindergartens. The basis is paragraph 7 of the Model Regulation on a preschool educational institution (approved by Decree of the Government of the Russian Federation of September 12, 2008 No.
666).
Moreover, the right to conduct educational activities and the benefits established by the legislation of the Russian Federation arises from the organization from the moment the license (permit) is issued to it. The basis is paragraph 6 of Article 33 of Law No. 3266-1. However, such activities are inextricably linked with the maintenance of children. And therefore, in general, it assumes that the kindergarten has a license. And even if he only provides services for the maintenance of children, permission is required. After all, any kindergarten is a preschool educational institution. This is the opinion of the judges in the decision of the Federal Antimonopoly Service of the Volga District dated May 24, 2006 No. A55-23066 / 2005-35.
But in fairness, we note that in practice there are also opposite solutions. Their essence is as follows.
According to the legislation, this activity is not subject to licensing. After all, services for the maintenance of children in preschool institutions do not belong to educational ones.
In particular, the Federal Antimonopoly Service of the East Siberian District came to this conclusion in its resolution of April 3, 2008 No. A33-7388/07-F02-1225/08.
How to proceed in practice?
If the kindergarten uses the asset exclusively for educational activities and is licensed, the situation is clear: the organization does not pay VAT. But in practice, there are more complex situations. Let’s consider them.
NON-CONFLICT OPTION: NO LICENSE – ACCOUNT TAX
Suppose the organization does not have a license to provide child support services and the acquired asset is not used for educating children. But the emergence of disputes with controllers is also undesirable. Therefore, the kindergarten may not apply the VAT exemption for these services. In this case, the child support fee is subject to VAT.
Note that the organization has the right to reduce the calculated amount of VAT for a tax deduction (the amount of tax issued by suppliers).
The basis is paragraph 1 of Article 171 of the Tax Code of the Russian Federation. Moreover, you can do this only if the acquisition is related to activities subject to value added tax. Accordingly, the organization has the right to present the “input” tax on the acquired asset for deduction. Of course, if the conditions established by Articles 171 and 172 of the Tax Code of the Russian Federation are met.
CONFLICT OPTION: THE LACK OF A LICENSE IS NOT A REASON FOR REFUSING THE BENEFITS
A private kindergarten can use the benefit provided for by subparagraph 4 of paragraph 2 of Article 149 of the Tax Code and not pay VAT. And even when there is no license.
In the event that the inspectorate charges an additional tax, substantiating its position by the fact that the preschool organization operates without a license, there is a chance to challenge the decision of the controllers.
To do this, you must prove that the fee is charged specifically for child support services, and not for education.
This type of activity is not subject to licensing, which means that the right to apply for VAT benefits arises regardless of the availability of this document. Confirmation of this is the resolution of the FAS of the East Siberian District of September 12, 2007 No. A33-18221 / 06-F02-5491/07 and the Federal Antimonopoly Service of the Volga District dated January 31, 2007 No. А55-34097/05.
With regard to the “input” VAT, with this approach, a private kindergarten should include the amount of value added tax paid to the seller for the purchase in its cost.
In conclusion, we note that each of the above points of view has its own argumentation. But what to do, the organization decides for itself.
OFFICIAL POSITION
– Is a license required to operate a childcare center? What if it is a separate legal entity? For example, a structural unit of an organization. Should the operation of such a kindergarten be licensed?
– An educational institution that implements the main general educational program of preschool education is recognized as preschool.
It provides education, training, development, as well as supervision, care and rehabilitation of children aged from two months to seven years. The basis is paragraph 3 of the Model Regulation on a preschool educational institution. Thus, the kindergarten carries out educational activities that are subject to licensing. This is reflected in paragraph 18 of the said provision.
Activities of a kindergarten that is not a legal entity are not subject to licensing.
Compensation of parental fees for keeping a child in kindergarten is subject to personal income tax
Compensation of parental fees for keeping a child in kindergarten is subject to personal income tax
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11/01/2013
In a letter dated October 15, 2013 No.
03-04-06 / 42927, the Ministry of Finance of Russia considered the following situation. The organization compensates employees for part of the parental payment for the maintenance of children in kindergartens. Is this compensation exempt from personal income tax on the basis of paragraph 42 of Art. 217 of the Tax Code of the Russian Federation, which provides that the funds received by parents in the form of compensation for part of the parental fee for the maintenance of the child in educational organizations that implement the main general educational program of preschool education are not subject to taxation?
According to the financial department, in paragraph 42 of Art. 217 of the Tax Code of the Russian Federation we are talking about compensation for parental fees, which is paid in accordance with paragraph 5 of Art. 65 of the Federal Law of December 29, 2012 No. 273-FZ “On Education in the Russian Federation” at the expense of the budgets of the constituent entities of the Russian Federation.
Compensation paid from other sources does not apply to the said compensation, therefore is subject to personal income tax in the generally established manner.
Earlier, the Ministry of Finance of Russia held a similar point of view (letters No. 03-04-06/6-21 dated 03.02.2012, No. 03-04-05/9-823). Read more here
Users of 1C:Enterprise 8 solutions can set up personal income tax accounting in the program in accordance with the recommendations of the financial department as follows: in the menu Payroll – Payroll setup create a new accrual ( Basic accruals of the organization or Additional accruals ). On the tab Taxes indicate that the income is subject to personal income tax with the income code 4 800.
Source its.1c.ru
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cm. All information on income not taxed by personal income tax, on the ITS website |
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