The Busy Bookkeeper

10/14/2025

We are just finishing a return that the books and tax return was done by one of the online software platforms - the $199 per month variety.
We picked up the return with a balance due of $34k - $8k due to CA and finished the return with a $1624 federal and $4k state REFUND!

I'll take the win!

07/30/2025

Things that make me smile!

06/29/2025

Oh my goodness, congratulations to one of my favorite clients!

06/25/2025

This is how we are spending our day to represent you better!

06/04/2025

I had a fellow business owner invite me to a weekend of change last January. I've been working the tools both in my personal life and in my business.

Not only have I met and developed business contacts and relationships, but I have discovered and strengthened disciplines in myself and my relationship with my business. (Yes, we all do have relationships with our businesses -- healthy and not)

This is something that I got enough value out of that I have sponsored most of my employees to attend as well!

There is an upcoming class here in our area and the referral code below unlocks a substantial discount on the tuition. I'd be more than happy to tell any of my buds more about the positive results in my life and the organization. This is a fun weekend of activities and interaction with others.

We can choose a life where for me to win doesn't mean that someone else has to lose. This truly has been a Win Win for me in my life.

01/03/2025

Hello and Happy New Year!

It's the new year and that means it is almost tax time! To help us get your tax returns filed as quickly as possible, we will need the following information.

If RJHayes Financial Services (Rene') does not do your Federal Tax Returns, no worries. You will still want to collect this information for your tax preparer.

Odometer Reading as of 12/31/2024 for each vehicle - as always, best practice would be to go to Jiffy L**e or similar to have your oil changed (last week of December or 1st week of January). This will give you a third party recording of your odometer and a base line to use from year to year for mileage verification.

We will need to know 100% of all miles driven, whether it was business or personal. And then we will need to know what portion was business and what was personal.
Business Miles --
Personal Miles --
Total Miles Driven --

If you are using your personal vehicles for business use, we need to be reimbursing you for the miles driven for business use on a monthly basis. My sure that you have your Accountable Plan updated!

Physical inventory as of 12/31/2024 - if you do not keep inventory, then you can disregard this portion of the email :) We will need to know the value of what was sitting on the shelf as of 12/31/2024.

If you purchased or sold any assets during the year, please reach out and let us know.

If you have any questions regarding this, please give us a call or shoot us an email.

Thank you and Happy New Year!

12/06/2024

Is the Corporate Transparancy Act (BOI - Beneficial Ownership Information) dead?

Absolutely not! There are some accountants that are floating the idea that this filing requirement is now no longer needed. This blanket approach could have negative ramifications if the decision is overthrown prior to the deadline for the initial law enactment or the alternative of due to the decision the deadline "could" be extended, but that would be up to congress.

The 5th Circuit ruling on Texas Top Cop Shop Inc. v. Garland, is an injunction NOT a reversal of the law. An injunction is a temporary halt to enforcement or activity. I do believe that it is very likely that this decision will be appealed as it has been upheld by other lower courts.

So for now, you can continue to voluntarily file with FinCEN (Financial Crimes Enforcement Network) a division of the US Treasury Department and get it over and out of the way, OR wait and see what the courts and then congress will decide regarding the deadline extended or not. If you do decide to wait an see, you will want to have your proper documentation ready to go as the 12/31/24 clock is ticking and we have no guarantee that the injunction will extend the deadline.

Either way, the fines for not filing are draconian and while the fines are subject to "willful neglect", after this ruling it will be pretty hard to make a believable statement about not having heard about it.

https://www.bloomberglaw.com/public/desktop/document/TexasTopCopShopIncetalvGarlandetalDocketNo424cv00478EDTexMay28202?doc_id=X3PI3GTJP5E9HSPN0JK6CAU8E8G

11/15/2024

Love this guy and his insights.

Every American was set for a 2% to 8% tax as of January 1, 2026.

Prepare for Trump's Tax Plan Now To Save BIG Money On Taxes.Get a Free Tax Consultation: https://mycpacoach.com/contact/How will your taxes change under Dona...

11/07/2024

As you know, I am down in San Diego doing a leadership training program. We're working on a project to build homes for homeless families. For every $10,000 raised we can build a home. Our goal is four homes. We have four hours to raise these funds. If any of you is willing to contribute, in any amount, we would be so honored!

https://www.gofundme.com/f/heart-team-57-raising-funds-for-homes?attribution_id=sl:b71c64e0-b5da-4160-bffb-cd027103a7c5&utm_campaign=man_ss_icons&utm_content=amp8_t4&utm_medium=customer&utm_source=copy_link

10/08/2024

Here is a very good non-biased comparison of both of the tax plans proposed by our potential next president

https://www.youtube.com/watch?v=uLIzI9i5CfU
https://www.youtube.com/watch?v=XxtLX-yfxDw

By a Trusted CPA: Learn how Kamala Harris Tax Plan will impact your finances.If Kamala Harris’s tax plan goes into effect, it will result in new tax deductio...

09/10/2024

Just a reminder that the clock is ticking for any business that is registered with the Secretary of State. This includes LLCs that were opened to run rentals through!

09/09/2024

Most folks know that as I am continuing my journey into Tax Resolution that I've been studying for the US Tax Court "Bar" exam. This would give me the privilege to represent tax payers in audit and exam clear up to the highest level of US Tax Court.

They released the statistics for the exam that I took in November of 2023. Worldwide only 163 practitioners attempted the exam and 10 passed. 6.13% pass rate -- brutal exam! I'm already studying for the next round.