The big change for Income Tax businesses for next 2015 tax season...

OREM Client

Another tax season is over, we are all relief and glad it is finely over; and they are already new changes that will impact the business for the 2015.

To begin with there are several provisions and proposals attached to the 2015 budget.

What it is going to affect the tax preparation business is the “Correctable error” authority for the IRS.

People in this business know that the TPTIN was stuck down last year with the judgment waiting for appeal in the case of Loving vs. IRS in which 3 tax preparers sued successfully the IRS under the argument that the IRS doesn’t have the authority to regulate tax preparers.

OREM APP

In my opinion the whole argument is ridiculous and absurd, because how in the hell the IRS has authority to regulate the higher tax payers professionals like CPA’s, Lawyers, Enrolled Agents, etc. and then the IRS doesn’t have the authority to regulate the people that work under their supervision? In my opinion it is ridiculous and absurd.

I find it specially ridiculous an absurd after suffering the stress and tension associated with my 2012 year preparation and passing of the 3 tests to become an IRS Enrolled Agent to avoid the yearly PTIN test and a stroke.

This long waited proposal corrective error will clarify that the IRS has the explicit authority to regulate all tax preparers and effectively reverse Loving 2014-I USTC where the court of appeals for the district of Columbia circuit struck down the IRS registered tax return preparer RTRP program.

This proposal would be effective on or after the date of enactment.

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So I think if you are a individual that works preparing taxes by yourself, from home and under no

supervision, then this will change your business unless you get the proper designations, or if you join a supervisory company.

Again in my opinion this proposal could make established accounting companies bigger and more competitive, and powerful in relation to small and individual tax preparers.

OREM APP is here...

OREM APP

The OREM APP is here to make your life easier, you can download it on to your iPhone, android phone, our your tablet and start using it, what can you do with the OREM APP?

1-    Send your invoices to our central Office in Los Angeles for safe recordkeeping (No more messy invoices everywhere, no more show boxes full of unorganized invoices).

2-    Learn how to keep up with your business, how to improve, how to make it, etc., with our built in Youtube APP.

3-    Check our Blog for success histories from our fellows OREM Clients that want to share their personal experiences…

4-    Locations in different cities, states; Check our websites and local Tax Accountants.

5-    Soon much more…

Remember no matter how far you think you are, no matter how complicated is your business life, you can always keep in contact with us to help you. We already have clients from all over the USA sending us their tax forms and their invoices for bookkeeping.

See our testimonials section:

Video 1

Video 2

Video 3

Video 4

Please send us your questions, and suggestions on what would like to see in our OREM AP to make your business life easier…

The OREM APP to make everybody's life easier...

OREM APP

Hello everybody, as you guessed YES, I’M SUPER BUSY these days, no social life at all. WORK, WORK, WORK, and MORE WORK.

 I always come across my clients records and I always help as much as I can to gather all their information and not to leave out any deductions. Deductions are the most important part of a proper accounting work for business owners.

This year I’ve been working on a project that will definitely make all my clients life easier, big and small will have an easier life with our company.

Imagine a way that can submit your invoices, tax forms, keep us in contact for your questions, our educational videos, our blogs, make payments, forums, voice messages, etc.

YES, In the next few days we will launch the phone application that will take care of your tax records, invoices, and everything in between.

Our key to success for the business world is Organization, Reliability, Empowerment and Management, our name OREM, just follow it for all projects you may have and you should succeed.

OREM - is the application that you should look for. It’ll be available in iphones, Android phones, tablets, and windows phones too.

I have a lot of clients already asking for it, and wanting to use it.

We will definitely let the world know when it comes live at all our social platforms.

A new year and new challenges...

The  2014 season is finally upon us. Tax Season is just around the corner; this year it starts on January 31. Old clients, new clients, new referrals, new businesses that need of direction will come knocking on the door.  I used to feel a bit anxious about this but it became a mere routine.

What has me really excited is the fact that I waiting for my Real Estate test next week, then launch OREM Realty Inc.  which I already started.  At first,  I was not too convinced about getting into Real Estate but my Income Tax clients keep on asking me about real estate. Some of my clients have purchased property for themselves so it makes perfect sense to me to get a Real Estate License because otherwise I’m losing money big time.

OREM Southern California website

OREM Northern California Website

Also,  this year  in 2014  we are getting our turn with the processing of OREM Foundation, the non profit side of OREM Accounting Tax. We have been waiting for almost two  years.

OREM Foundation Website

The only thing that kind of worries me  is the fact that after this Tax Season or April 2014 this will be the first year that I have nothing to do, no license to obtain,  and no new business to start.  I hope boredom does not kick in.

The Leapfrog Project for rebuilding the Philippines...

Leapfrog Project

The Leapfrog Project

This is a good time of the year to start making adjustments to your accounting

systems before the end of the calendar tax year.

For that reason it is good to give to worthy organizations before the end of the year.

This leads me to why I am writing this blog. Recently, I heard from Lira Luis, a good friend and collaborator.  We spoke about the recent Haiyan Typhoon catastrophe in the Philippines.  She asked me to help and join her in her efforts of putting together the Leapfrog project for rebuilding the Philippines.

LeapFrog Project Video

“The devastation prompted the international community to mobilize and join hands in helping the affected communities rebuild and make people rise to regain lost lives.” This project, initiated by ALLL where Lira is Chief Collaboration Architect, is a response to a direct call for assistance from representatives of the Philippine Government. 

LeapFrog Project Website

Donate here with Paypal

Philippines Devastation Relief

In the first phase, The Leapfrog project is a multinational effort to fund

a workshop and the architecture realization of the program to bring together  built environment experts from the US, the UK and the Philippines to collaborate with the Philippine locals to reach a solution with the forward thinking solutions to the devastated areas while boosting the local

economy.

We all know Lira Luis from our collaborative efforts to spread good business and good accounting practices video series.

Lira Luis Video Interview.

Lira Luis had formed a team of experts for this Leapfrog Project.

I was approached for my experience as an IRS Enrolled Agent and for working with multiple nonprofit organizations in the US and also my experience with businesses all over the United States of

America.

I am proud to join forces with Lira Luis and bring OREM TaxAccounting LLC and OREM foundation Inc. experience to the table and collaborate with such a good project.

I’m proud to share with you that we have started securing sponsorships from corporations in the first phase.

We will be launching a crowd funding campaign soon where you can feel free to join efforts with us and donate.

Donate here

In the second phase, the conclusions from this Leapfrog Project Workshop will be shared to the public and translated to an architecture installation in devastated areas of the Philippines.

This phase is critical to help in the rebuilding efforts while ensuring the local economy improves as a direct result from this effort.

 Regarding the final phase, The Leapfrog project will construct a specific building type as a direct result of this developed collaborative effort. The main goal is to help rebuild the devastated areas while engaging the locals with rebuilding and at the same time allow the project to empower local economic activities.

For this final phase our goal is to raise an amount that would allow us to fund the construction of a structure that will be determined based on the on-ground needs of the locality that will help improve the life of the locals in the devastated areas.


Please donate any amount will make a huge difference

Here are some of the pool of experts that include. It’s not a complete list but I will be updating this list as the project develops:

USA:

US Philippines Society – Washington DC.

American institute of Architects (Diversity & Inclusion) – Washington DC.

ALLL (Atelier Lira Luis LLC) – Chicago IL.

OREM Accounting Taxation Representation LLC – Beverly Hills, CA.

OREM Foundation Inc. – Beverly Hills, CA.

International:

Bionic City – London, England.

Social Project. PH – Manila, Philippines.

Local to the Philippines:

United Architects of the Philippines (UAP), Quezon City.

National Housing Authority (NHA), Quezon City.

University of the Philippines College of Architecture, UP Diliman and UP Mindanao.

University of the Philippines Visayas (UPV), Tacloban.

WorkLand M&E Institute, Inc., Quezon City.

November the busy month before tax season...

Finally   November is here. This is the month when usually clients start to rush over accounting records and start to get ready for tax season.

In my case I start to get ready for tax season by making sure everything is in place, current tax software, bank products up to date, tax preparers ready, advertisement ready, and this year the new affordable care act or Obamacare in place I have an extra work by helping clients to sign up.

Also, by getting this new Real Estate license made my half year more interesting than usual; I’m glad to share that I passed all 3 college classes required, and I’m ready to take the California state examination, too bad they told me it’ll take about a month and half to schedule it. Now I’ll be forced to keep all the information fresh for the next weeks instead on moving on to the next challenge like I planned.

I’m very excited to share that this coming 2014 tax season that at OREM tax services we’ll have more agents helping us to further our services in different states,

This year I wonder what license are we getting in 2014? Because I obtained all the important licenses we planned and need. I guess it is time to start to get thing easy and just enjoy while networking everywhere we go.

I have the idea of teaching business accounting, tax write offs, on different cities and states. That is a request that I get often when talking to some people all the time.