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Guarantee You Too Can Eliminate the
Headaches and Frustrations Of
Organizing Your Daycare Paperwork and Records
Dear Friend and Fellow Daycare Owner,
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My name is Robert Groth and you don’t know me…but I know YOU. | ||
I know exactly how busy you are. How tired you are at the end of the day and how little spare time you have to devote to the piles and hours of paperwork, filing, invoices that are stacking up. I know all this because my wife runs a highly successful daycare and I have worked with over 132 daycare owners just like you to help them finally leave the disorganization behind and create the small business that they had always envisioned for themselves. You have the ability to do things that most people can only dream about…running your own business and enriching the lives of children. You are gifted with the very special |
You love every one of the children in your care and take extreme pride in the service that you provide to each and every family. It’s what you want to do and it’s what you are good at. What you didn’t sign up for and what you dread most is the daily grind of worrying about the paperwork, receipts, invoices and bills. You know that giant pile that is getting bigger by the day. |
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Unfortunately, in order for you to keep doing what you love and caring for the kids, you MUST do the things that your small business requires of you. I have seen too many small business owners, extremely great at what they do, driven out of business due to preventable mistakes made on their taxes. The IRS does not care how great you are at taking care of children. They only care about is that YOU are filing your taxes on time and handing over to them (way too much) of the money YOU worked hard to make. |
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So, what’s a busy daycare owner to do? You need to insure that you are taking advantage of all the tax deductions that are allowed. In order to do this you need to have a proven system that shows you exactly what you need to keep track of, informs you of changes that happen every year, and a system that allows you to defend yourself in case of audit. |
How do I know all this? Let me tell you my story…
It was December of 1993. There I was graduating from UW-Milwaukee with a Degree in Accounting and I knew it was my destiny to become an accountant and work with my father who owns a CPA firm here in Wisconsin. |
My last year of college turned out to be an extremely pivotal point in my life. I had met a woman who would change my ideas about daycare, accounting, and small business. Her name is Christine and she would turn out to be my wife and the mother of our twin daughters Alexandria and Caroline.
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| Robert, Caroline, Christine, Alex |
I worked long days at my Dad’s accounting firm while Christine cared for our colicky crying daughters. It wasn’t and easy time but…
she decided to start her very own daycare.”
It was certainly an exciting time but it didn’t take long before I realized the huge need for accountants who specialized in daycare taxes. Daycare owners needed a “Tax Pro” who really understood and cared for the daycare business owner.
You see…I had a vested interest in tax issues and in daycares. I was not only a Tax Pro but a daycare owner as well.
of daycare taxes I discovered a HUGE problem!
In my tax office I would see daycare providers coming in with shoe-boxes, bags, milk crates stuffed full of receipts, papers and invoices (some from this year and some from the last). When I asked what this was, they would say “Robert I have no idea on how to organize all this stuff…it just takes so much time”.
I know you can relate. It’s not that you want to be disorganized but you’re just not interested in doing record keeping after a 12 hour day working your butt off. I could totally relate to their pain because I watched my own wife collapse on the couch each night after an exhausting day with the children…what seemed like a better option than organizing paperwork, I’m sure.
Frustrated Daycare Owner To Do?
All of this was driving me nuts! These providers (my wife included) were begging me for a solution. Enough was enough, there had to be an end to all this frustration. I searched high and low but there was no clear solution available.
(see if any of this sound familiar to you…)
| “Sara’s Story” |
| A new client “Sara” came in with a notice from Unemployment Compensation Division. She paid approx. $50,000 of money to helpers. She issued no 1099’s and did not treat them as employees. One worker who earned $900 dollars reported her. This triggered the audit. Upon review of the check register additional workers were identified. All $50k was deemed to be wages and “Sara” was found to be responsible for both the employee and employer portion of the taxes PLUS penalty and interest. A whopping $7650.00 raw tax plus penalty. The case was settled and “Sara” ended up paying about $12,000…money she really didn’t even have. |
“Mary’s Story” |
| Mary Smith came in to my office and handed me a pile of unorganized receipts. Upon further examination I found receipts for 2005, 2006 and a couple from 2001. When asked how I could help her she mentioned that her 2005 return was prepared wrong and she had not filed it yet (ouch) and that most of the information for 2006 was there. The only thing missing was the income and expenses from Feb, Nov and Dec. We filled in the holes and her returns were filed but the late 2005 filing will raise her audit risk for both 2005 and for 2006. If she is audited the missing information will not be counted and she will most certainly have to pay…plus penalties! A complete disaster just waiting to happen but ALL PREVENTABLE if she would have had a system! |
This is when I finally decided to take the bull by the horns and design a support system that finally put all the pieces together…a system that would not leave providers fending for themselves.
So I painstakingly created the…
You see, I found that there were many books that told you “what” to do but not “how to do it”.The truth is, you don’t need another book sitting on the shelf collecting dust.
What you do need is REAL “How-To” information and a place where you can get together with other providers facing the same challenges.
The FCCOA is a place where you are not left alone to fend for yourself but where you can get the straight answers to take control of your daycare business.Lydia came to me in 1998. She was an excellent provider but was very confused with how to run her business. Her gross income was in the 300k range but she was running the record keeping like a provider making 10k. Her main complaint was the amount of taxes she was paying. She had two locations running 2 shifts, and 3 additional rental properties. I advised her on successful strategies to reduce liabilities and to reduce taxes by the incorporation her business. Through the use of incorporation she was able to accomplish her goals. Now she has continued running her business. She is now making her retirement dreams a reality by investing a portion of her income. All because she trusted in my system and now records her transactions properly on a month to month basis. A great provider with a solid plan and now an even more solid business future. |
Bessie was extremely successful as a daycare provider but the IRS was calling her on a number of tax issues. Her biggest problem…making a gross income of 300k and not saving anything for the government! Like Lydia the strategy of incorporation was the best solution for her. I helped her get on a payment plan to clean up the back taxes. Today she continues to run her business, 3 houses, 9 employees and 4 rental properties. She has been investing in her eventual retirement and for the past 3 years she has maintained her record keeping on a month to month basis. Now she is preparing in advance for the coming year so that she NEVER has to worry about IRS or unnecessary penalties or payments. |
BEWARE I know you are probably thinking that you can figure all the tax stuff out for yourself and that you really just don’t need any help. Let me tell you from experience…I have watched daycare owners just like you sit crying their eyes out because they didn’t do things properly and ended up audited and owing thousands. |
| Protect yourself from disaster by trusting a professional who knows daycare tax inside and out. I want you to focus on what you do best and let me make it easy for you but eliminating all the research, guess work and frustrations. If you want to continue doing what you love you need a support system in place to continue being in business successfully...that support system is the Family Child Care Organizational Association. |
| Sign up NOW! |
| 1 | First, you will a HUGE box containing what many call the “lifesaver” for their business. |
| The Done For You Daycare and Tax Organizational Kit |  |
It contains everything you need to stay organized and 100% sure that you have everything you need to file complete and accurate taxes. |
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A Daycare Mileage Log - there are specific ways that mileage needs to be tracked and documented. I created this log so that there is no question in case of audit…this log covers it all! |
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A “special” Office Supply Kit - I take the headaches away by providing you with various office supplies that are essential in keeping accurate records that are organized and clear. Regardless if you do your own taxes or have them done for you this complete office supply kit will make it a breeze. |
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Over 37 files – files specifically labeled for direct business expenses and shared business expenses. They are also carefully labeled and color coated for each deduction you need to be keeping track of…see how easy I make it! |
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A complete Log Toolkit - I make it so easy by giving you a Time Log, Floor plan, and Meal Log. These have been proven to be the easiest and most efficient way to log these items and will most certainly make tax filing time even easier to prepare for. |
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A section specifically designed for bank statements, check registers, and investments - this is just one of those extras that other tax professionals and daycare “know-it-alls” will not take the time to give you. Everything is important to me and I make darn sure NOTHING is left out. |
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A Handy Dandy Carrying Case - All of this comes organized in a convenient caring case that is ready for transport. Take it to the daycare, your accountant and back home without ever worrying about lost receipts and juggling folders…or heaven forbid…a shoebox! |
This Done For You Daycare and Tax Organizational Kit is updated every year so that you always know the latest news and changes on deductions and laws…and boy, oh, boy can it change!
With your membership to the Family Child Care Organizational Association you will receive an updated and completely new Done For You Daycare and Tax Organizational Kit via UPS at the end of each year
…never again will you struggle to keep accurate records and never again will you miss a deduction …SAVING YOU THOUSANDS!
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You will also receive access to a special LIVE one-hour call that will detail ALL of that years changes in tax law and in the kit itself. It will be in live lecture mode and then recorded and made available for you on mp3. This will be me going over all the changes and highlighting some of the important continuing problems my daycare owners (that’s you) are facing. |
Again, this is just another way I can provide you with “usable” and “valuable” information that you MUST be aware of in order to continue operation without troubles with the IRS come tax time.
| 3 | Two 1-hour private consultations with me and continual support via email |
This is the kind of personal, one-on-one attention that WILL make all the difference in the way your business operates and PROFITS! No more wondering if you’re doing the right things, collecting the right information and keeping track of it in the right ways. As a member in the FCCOA you will receive…not one…but TWO one hour private phone conversations with me to answer ANY and EVERYTHING as it pertains to your business, taxes, IRS and organizing it all.
This truly is an amazing benefit that you will ONLY find with membership to the Family Child Care Organizational Association!
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If you are ever audited you will NEVER be left alone to fend for yourself. As a FCCOA member you can Email your questions and I will provide you with the most up-to-date information for you and your tax preparer to defend against the IRS audit. |
| 5 | A Monthly email packed with tools and tips you can use for your daycare business |
click here
Before I tell you anymore I want to give you MORE…yes, I said MORE…
these 4 Special Bonuses Worth $309.76
ABSOLUTELY FREE!!!
Your very own copy of my book…
“Proven Record Keeping Techniques to
Protect Yourself from The IRS
(a $29.99 value)
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NOTE: This book is updated every year for the current tax laws and as a FCCOA Member you will receive it each and every year with your membership.
Special Bonus Report…
Getting Audited by the IRS”
I have seen it happen over and over again…the dreaded IRS Audit. Daycare owners unknowingly are putting their businesses at risk for audit and possibly financial ruin.
In this report you will learn what 5 BIG MISTAKES most daycares make and how to easily correct them This FREE Report could save your business!
Liability is HUGE in Family daycare. Just turn on the news and you will hear examples. This is just the surface of the liability problems facing providers. Can you incorporate your business and should you? What are the different types? LLC, S-Corp, C-Corp, Partnership. Does it really protect you?
What should you do to tackle the liability problems all providers face?
What should you do to tackle the liability problems all providers face?
Every month you will be running to the mailbox looking for your copy of this very informative newsletter. Expect to discover “usable” tips, articles and information that will help you with the day to day organization and preparation of your financial paperwork. This is just one more way I keep you up to date and “in the know” when it comes to staying safe with the IRS and coming out with a smile come tax time.
Be Sure To Get Those Bonuses…click here now
Before I tell you just how little of an investment is needed to get ALL of this incredible and very valuable information. Take a sigh of relief as you read my…
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To get ALL of the FCCOA Membership benefits I told you about…
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The Done For You Daycare and Tax Organizational Kit- which sells for $97.00 retail. |
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The LIVE One Hour “Yearly Update” Call – you can’t find this information anywhere else but if you could find a Tax Pro that specializes in daycares and who would be willing to give you an hour of their time and record it…you would most certainly pay $125.00 or more for their time. |
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Access to the Family Child Care Organizational Association Members Forum - this truly is priceless because there isn’t anyone who offers anything like this BUT if I were to charge someone just for this feature it would likely be $12.99 per month or $155.88 per year. (I don’t offer this by the way…it’s only for members) |
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Two 1-hour private consultations with me and continual support via email…had to put a value on the email support but for my time I would charge $325.00+ |
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Audit Support via email- it’s hard to know how much time we would need to “get you out of the weeds” but I can guarantee you I will devote much of my time to making darn sure you are taken care of in case of an audit. |
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A monthly email from me packed with tools and tips you can use for your daycare business |
…AND the 4 bonuses
FREE BONUS #1 - My book “Proven Record Keeping Techniques to Protect Yourself from The IRS (a $29.99 value)
FREE BONUS #2 - Special Bonus Report…“The Five Most Common Risks of Getting Audited by the IRS” (a $19.99 value)
FREE BONUS #3 - Special Bonus Report…“Should I ‘Inc’ My Family Child Care Business?” (a $19.99 value)
FREE BONUS #4 - My Gold Inner Circle Newsletter Monthly Newsletter (Valued at $239.88 per year or $19.99 per month)
…Add all that up we’re talking $702.88 PLUS $309.76 in Bonuses…that’s together worth over $1012.64 in services, goods and info you will NOT find anywhere else!
ONLY $497.00 for the entire year!
That’s right for ONLY $1.36 per day…that’s less than you’ll spend on a latte at Starbuck’s…you will completely eliminate all the head scratching, frustrations and STRESS caused by not having a proven and organized record keeping system. Pair that with having your own personal Tax Pro who specializes in daycares and the unique challenges they face…and MAN, OH, MAN…you have a recipe for success! I don’t know about you but there’s not much you can get for $1.36 anymore and I think piece (and peace) of mind is well worth that investment.
$497.00 may be more than you want to invest right now. I understand. Most family daycare centers operate on a pretty strict budget.
| “Susan Had to pay the IRS $30,000… she paid for 8 years…Then another $16,000+” |
| Eight years ago Susan came in my office with a fist full of notices from the IRS. She mentioned that company was now closed but the IRS was after her for $30,000. Upon reviewing her information I found that the claims were valid. Payroll taxes were withheld but never paid. There’s simply no escaping that liability. It carries with you until paid. It is considered theft of employees’ money and it is. |
| She finally paid it off in 2006. Companies number two and three are now running, a child care center and a transportation company. Both have employees, however, she unfortunately learned nothing from the previous event. This time she did not report the wages to anyone. (I guess that stopped the notices from coming). In January 2007 her employees started calling my office for their W2’s. “What W2’s? – we have no record of you being and employee at all.” All four quarters of payroll taxes were then prepared after we got the information from Susan. $16,000 was the raw tax; interest and penalty are sure to follow. She has no excuse because she knows the rules but these are things that can easily be prevented if the provider takes the time to understand what is necessary of them. Then they can follow the rules and stay out of trouble. |
Are you SURE you are filing your payroll taxes and keeping record of ALL employees (and helpers) properly? Don’t guess…know what to do…Join the FCCOA today!
| Barbara’s Nightmare IRS Audit |
| (This example is of taxpayer being asked to prove deduction.) |
| It is all well and good that the provider brings in the information summarized to do the tax return. But when the IRS comes calling it is the provider’s responsibility to back up the numbers (receipts, bank statements, credit card statement etc.). |
In this case Barbara had not maintained her documentation and we had to recreate what we could prove. Most could not be proved so Barbara had some real troubles facing her. We knew that the money had been spent but our hands were tied due to poor documentation. My Done For You Daycare and Tax Organizational Kit was created for this very situation…remember, no more headaches! Barbara’s case is still pending and to be honest we have to beg for mercy. Not the position that anyone would want to be in. |
To Join The FCCOA!
With this basic level you will receive the Done For You Daycare and Tax Organizational Kit and my monthly email.
PS. Remember, no matter what you choose…Platinum, Gold or Silver…you get my Gotta-Make-You-Happy 100% Money Back Guarantee. There is NO RISK to you regardless of which level you pick BUT there is HUGE risk for you and your business if you don’t take the steps necessary to protect it. Join Today…Click Here.
PS#2: Don’t FORGET! I will only give the 4 FREE Bonuses worth $309.76 until (date here). Two reasons for this: 1) I’m a number cruncher and I’m no dummy when it comes to finances. I can’t afford to give this very gracious bonus package to everyone so after (date) you will be out of luck. 2) I want to make sure that I can give that one-on-one attention and dedication to everyone so I’m limiting this special deal to those who sign up by (date here). When I reach the capacity I will close off membership at that time. Don’t delay because there is a possibility that the Platinum Membership will “sell-out” before the (enter date) cutoff.
| PS#3: I have one more story for you… |
Aleksandra is a one woman show earning 70k per year. Due to the other assets that she had liability protection was extremely import to her. Her business has grown to 3 locations and 6 employees (including her)! She fears getting anything from the IRS and would not even open the envelopes in the beginning. Over time she has implemented a computer system for her records, she now pays her employees and the taxes associated with them in a timely manner. We are now having discussions about what healthy number is for payroll and rent so that she can grow her business. From an immigrant not speaking any English to an employer of 5, running a successful business…Aleksandra has come a long way. She is now running a secure business, living her dream and never having to worry about being in trouble with the IRS. Can you say the same? |