The 2013 businees wheel keeps on moving after tax season ended..

As of today June 2013 I’m still recovering from the 2013 Tax Season. And I already started the plans that I have for  the OREM organization for the rest of 2013. Taking things easy and reading my real estate principles book. I know the business wheel keeps on moving.

For starters we have built and still building a Real Estate Company in California. OREM Real Estate. I submitted the Real Estate Corporation application to the California Secretary of state; And after much consideration we have some Real Estate Brokers to helps us with this effort.

Margot & me studying real estate.

At the same time we started to build a Real Estate study group to crunch the 3 classes required by California to obtain our sales Real Estate license, Real Estate Principles, Real Estate Practice and Real Estate Finance, we planned on finish by the end of the year. So far we have 9 members in this study group and we are still accepting more members to join our organization once the

license is in place.

Harold studying real estate

We also have planned an east coast tour, I’ll be touring some major cities in the east coast to visit some friends, clients and potential income tax preparers, I’m planning to visit Massachusetts, Connecticut, New York and Philadelphia. We are still working on the details. I can’t wait for July and visit Boston, Hartford, New York, Pennsylvania, etc 

We’ll be posting ads for recruiting tax accountants in those places soon, if you’re interested and want to hear about the details of this job, please refer to our website in the link bellow.

We are now hiring the best, request some information here.

I’m also proud to announce that after waiting for almost for 1 year we finely obtained some approvals for our   Acceptance Agents. An Acceptance Agent is an individual that can process a tax identification number for non-resident individuals (individuals without papers) and since the Amnesty law seems imminent this year, that means that we will be very busy helping this individuals in the whole country, yes their tax powers are valid in 50 of the 50 united states.

IRS

Marco joining our real estate group

Congratulations to Robert, Xiomara and Merwin for this accomplishment.

We are still waiting on the IRS approval for other 8 applicants for Acceptance Agents.

I may not seem like a lot but by just thinking on what needs to be done here to keep everything working all of the sudden seems like a lot or responsibility, many people rely on me and this organizations.

Amazing 2013 tax season, coming up soon OREM Lending & Real Estate...

Helping Jezlan with her income tax needs
Hollywood - California

We are finally in May 2013 and I am worn out after the last tax season; more clients and supervised tax preparers than ever before. We are based in Los Angeles California, and got clients from so far places as Texas, Florida, North Carolina, New York, France!

Andres in Briare- France

 What makes me most happy this year is that I met more awesome and cool new clients everywhere, clients with all kind of backgrounds and interests. I learned a lot from each of my clients and it makes me so happy to be able to be part of it.

Monica - Orlando Florida

Our client base grown almost 55% compared with the same of 2012. And the interesting fact is that most of our clients have a business going on, it doesn’t surprised me, I think is a sign of the times that we live, the economy is still recovering and I would say there is no better time to start a business or consultation company than now. And this is why, if you start a small business in this economy and you get a couple of clients it is great but knowing that the economy will improve in the following years are even better, why? Because you know the following years the struggle will be less hard than this year, and with a healthier economy your client base will grow in the following years.

Satisfied 2013 Clients and work outside Los Angeles video

Jorge - Greensboro -North Carolina

Some people would say that if that is so then why I do not follow my own advice? I do, trust me I do. Interesting fact is that among my accounting clients I counted 18+ clients that are ready to buy, sell, and refinance their properties. Is not that great?  And therefore I think is wise to star OREM Lending & Real Estate as of 2013

Now all the sudden I feel like there is not enough time left for this 2013, I only have eight more months to create, to hire real estate sales people, to create the website, to advertise everywhere, and to get a real estate license myself

I know, I know, probably obtaining a real estate license should be on the top of the list, but lucky me based on information provided by the California Department of Real Estate I can hire a broker, hire real estate sales people, and create a real estate company without having my own license yet.

Elizabeth - North Carolina

Funny fact is that I have mentioned to some of my friends and accounting clients (real estate licensees) and they have shown interest in working in my non yet existing company.

Another fact that makes me happy is that lucky me, I live in California where real estate property is one of the heist in America with no need to expand to other states.

OREM Lending & Real Estate website.

Meeting more amazing people in the 2013 season...

OREM the pillar

This 2013 tax season is almost over, and we still have 8 days more to go. This year I have plenty of reason to feel like we achieved a lot.

To start we helped a lot of new clients in the US. Most of them are awesome business owners, with operations that go from sales, services, consulting, design, etc.

We are so close to reach our goal of getting the client number 150 for this season. But if we don’t it doesn’t matter because with this economy who can tell that has a business that has grown over 25% compared to the prior year?

But it is not only quantity but the quality clients that we are looking for, clients like Husam Salman a clothing designer in the city of Los Angeles, if you want to see more about Husam and his talents you can check it out at our conversation at the link below.

Husam Salman video interview and design work

Another reason to be proud is that our company had recruited several new tax accountants and tax agents on multiple cities and states. This business network helps us to further our services far beyond the California border.

And I’m still debating whether or not buy a smart cell phone. I never buy things unless I really need them, and this year with so many new clients submitting tax forms by text message I realized then I need a better phone to be able to read them instead of just forwarding it to my computer.

And by the end of this 2013 I expect a bigger growth by the end of the year, not only because of the RTPR that the IRS is still fighting to enforce but also because either way the IRS will prevail in my opinion.

The IRS had appealed the judge decision to stop the return tax preparer registration or RTPR but because there is already legislation in the congress specifically crafted to provide the IRS with the authority to regulate tax preparers in the nation.

Well, just that makes me feel better because after spending 7 months of my life studying over 8 hou

rs a day to past those 3 tests to have a federal judge to come up and tell me that all that effort , time and money invested on it was for nothing?! Well, I want that judge to be recalled.

So far, I had been supervising the work of 25+ tax preparers and tax agents in the US, and I love it! If you want to become part of our network feel free to check our recruiting website at the link below

Become part of our successful network in the US

OREM cool clients in Phoenix Arizona...

OREM the pillar for your business

As of March 1, 2013 my company  has  surpassed  itself as of total number of clients helped from 2012, in less of a month of the tax season that started late this 2013, we have still another month and half before this tax season ends. This is an achievement and a major milestone for OREM accounting.

We had helped clients from all places and economic backgrounds. We help all clients that are in need of income tax services, accounting services and IRS representation as well.

Often   at   times   people   are   asking me,   “ Enrique   how   do   you meet these cool people”?  I simply go everywhere I can with an open mind attitude and ask questions     about what I find interesting and amazing, that is all.  

This year we have clients from multiple states as we did in 2012. I recently visited some of our clients in Arizona. I want to share with you how cool and interesting they are.

www.roadrunnerbicycleengines.com

The first cool client is David Molinar, an architect and entrepreneur from ASU Arizona state university. I met David through social media a couple of years ago. I finely met David in my last visit to Phoenix. David not only is interesting but fun to talk too. His company is Road Runner Bicycle engines LLC. His company sales engine kits for bicycles. The idea is so interesting, and with this economy anyone can save a lot of time and money by using a bicycle with an engine to commute. His company is based in Phoenix Arizona.

We spent an afternoon talking about a whole lot of subjects and possibilities for this bicycle Engines Company; as a California resident I was a bit concerned about the engine itself and the California DMV. However, later I  recall that people   with those engine scooters have ride  those types of bikes. The best part of it is that these engines are a lot more affordable than I previously thought.

There is a lot more about David you should know, and what best ways to find out than having David telling us himself.

What best way to enjoy our conversation than tuning up to it.

David’s Video interview

Road runner bicycle engines website



Signature please,  need a drink?

 The second cool client is Derek Paiseka, a designer from the University of Illinois in Chicago; he is based in Phoenix Arizona. Derek is an interesting and fun character that I have  come across a few years ago from social media and quickly became friends almost overnight.

What Derek and I have in common is the property management background, one night a few months ago we got together and talked about all those property management horror histories with Robert and some of his building residents, that was awesome.





To begging with the place that he lives was transformed by him into a hip place a few years ago. If you happen to be in Phoenix you should stop by and take a look to his place. I have  seen some pictures of the cool terrace he has developed in his second floor, this is place that I wanted to see for a few years but there is always some reason to not be able to see it.

There is l always something cool and interesting over Derek’s sleeve, and this time was not the exception, he is working in something that soon will amuse us. I cannot talk about it but we will all be surprised.

You can take a look at Derek’s work at his website.

I know, some of you are waiting to see Derek in one of my videos, some of you had asked for it last time I talked about him. Just be patience, it will happen.

At times   people are asking me, “Enrique, how can I become someone like your cool clients?” I would say there are some basic steps that you need to follow through, first stay current with your personal finances, second stay current with your tax filing, third follow your passion, follow what you like to do the most and persevere, keep on working on it even if you make no money out of it. You can work on your passion even if you do not make any money then you already have 80% of the battle won because nobody will keep on competing with somebody who is willing to work for free, eventually your competitors will be out of business or you will be one few last standing on business. I personally believe the last one is the most important of all.

If you want to be coached one on one, fell free to contact me by email any time.

Is getting ugly between some tax preparers and te IRS

For sure in life Death & Taxes

This year 2013 is full of surprises for everybody, and tax preparers are not the exception.  Tax preparers are required by IRS regulation to maintain continuing education and adhere to ethics, the IRS carried out the RTPP or registered tax preparer program, all tax preparers are required to obtain a PTIN or professional tax identification number to be able to transmit electronically to the IRS the tax returns prepared by them.

The IRS has had so many problems with the tax preparations made by unqualified tax preparers, so the IRS stepped in and created the RTPP program a few years ago. Who else would have a higher authority than the IRS itself to regulate tax matters?  Or tax preparers?

Me, living in the golden state of California have it a bit more difficult because California is the only state that requires all tax preparers to have a CTEC number or California tax education council, this number is a license from CTEC for the state of California, in California we are required to pass a test with 60 hours of the federal tax code and 20 hours of the state code. So we in California have a bit more difficult than the rest of the country.

I am the type of person who would  like to get things done quickly  and move into bigger and better projects.

You would suppose that everybody in on board with the IRS and everybody is studying the tax code and getting ready for this test for tax preparers that are required to take place on January  1 , 2014.

We all tax preparers knew that this was coming, and you would have found tax preparers in the nation taking classes and preparing them for this test.

The only way to avoid  this test is by becoming a CPA, a Lawyer or a  IRS Enrolled Agent. I took the Enrolled Agent test preparation back in 2010, and boy let me tell you that test is so hard.

For god sake! I study so much and dedicated myself to pass those three  tests that I got a stroke in the process!!

So, at this point of my life I feel relief that now as a Enrolled Agent I do not have to worry about no more IRS tests and the tax preparers working in my company do not have to worry either because they all work under my supervision.

Well, let me tell you that three  tax preparers somewhere in America decided to sue the IRS and challenge the IRS RTPP program, saying that the IRS has no business in licensing tax preparers. Well, let me tell you that this program is not a licensing program at all. Not even I as a  IRS enrolled agent am allowed to say such thing as licensed by the IRS or working for the IRS because I simply do not work for the IRS, nor licensed by the IRS either.

Build your nest for the future.

To make the story short, in January 18, 2013 a federal judge ruled against the IRS a turned down the IRS RTPP program based on the decision that the IRS was never given the power or authority to provide licenses to tax preparers. Which  I agree. However, the IRS never said anything about providing tax preparation licenses to begin with.

I think this is all a 'OK I do not want to take the tax preparer test and fail, and then what? Do I lose my clients?” It is understandable. I had the same fear when I started to study for my three tests, especially because the first time when I took the test back in February of 2011 I failed, badly.

Of course the IRS had appeal that decision. What the judge said is the IRS should not collect money from tax preparers in order for them to obtain a license.

Some say that the IRS favored large corporate roviders of tax services such as HR Block inc. and Intuit Inc. over smaller independent return preparers, said Dan Alban, an attorney with the institute for justice, a self-described libertarian publicinterest law firm representing the plaintiffs.

My company is far away of becoming a huge corporations like HR Block or Liberty tax, but I agree that tax preparers need rules and regulations just like CPA’s and enrolled agents. Especially now that I pass my three tests and finely became an enrolled agent

What do I think? How do I feel? I am pissed off! All that time and effort put into studying for nothing? And now just because three  tax preparers did not feel like taking that test and won a lawsuit against the IRS.

Some tax preparers vs the IRS.

The IRS decided to appeal that decision, and I feel relief that the IRS took that step, I wish and the IRS wins.  At the end I think the regulations of the IRS will prevail. Who else but the IRS has the authority to regulate any tax career, this is not accounting, and this is the tax law. And who better than the IRS to enforce that every tax preparer complies with the tax law.

The IRS is not the one who takes these tests. The professional company that takes these tests in a test facility is Prometric, which is a specialized test company. This company takes test for all careers, like engineering, architecture, accounting, enrolled agents and tax preparers.

I hope this goes the way it is supposed to be in the very near future