How to Obtain an Employee Identification Number (EIN)
Obtain your EIN (Employer Identification Number)
An EIN is a nine-digit number that is assigned by the Internal Revenue Service (IRS). When you file taxes for your program, you’ll use your EIN to identify yourself and your business rather than your Social Security Number (SSN). Having an EIN protects your privacy when conducting business for your program.
Parents in your program may use their Dependent Care Flexible Savings Account (DCFSA) provided through their employer to pay for child care. This does not change payment to you (they’ll still pay you the full amount directly), but it can help them save significantly on the cost of child care. However, they need to file tax forms that include their program’s EIN.
Wonderschool automatically includes your EIN on all invoices to parents to smooth out this process. However, as the business owner, you are the only one who can obtain your EIN.
Click here to go to the IRS’s website and obtain your EIN. The process can be done entirely online and there is no cost.
To enter your EIN in the Wonderschool platform Make sure that your number is correct – entering an incorrect number could cause tax issues for you and parents down the road.
1) Log into the platform (www.wonderschool.com/admin)
2) Click to Edit School Info
3) Scroll down to the field called EIN and enter your number there, then click to Save.
What if I decide not to get an EIN? We recommend that you do get your EIN. If you decide not to, you will be identified through your Social Security Number (SSN) and will need to share it with parents for their tax purposes. You will also need it in order to hire any staff members.
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