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It's starting to finally warm up out there.
Yeah, I know it's not bad.
Well, starting to get busy with work.
Wait, what is it? What do you do again?
I'm an auditor.
Oh yeah, oh yeah. For the IRS, or?
No, um, CPA firm.
Oh yeah.
Mostly retirement plans and all that.
So you're an auditor for a CPA firm?
Yeah.
And then, um, yeah, mostly retirement plans.
If you have over 100 people, you have to get an audit, generally.
Oh, I see what you're saying.
For like a, say like a 401k plan or a pension plan.
See that, uh, make sure that whatever people have elected, they got and made its way into the trust, etc.
Oh, wow. And that someone's not stealing a little bit of it.
Right.
And so are you a CPA, or?
Yeah, I am.
You're hired.
I'm just a CPA.
Yeah, that's a good thing to, that's one of the good things to learn is accounting and, you know, especially for business.
Yeah, I think so.
Oh, I mean, it's one of the most important parts of the business.
Because I think so many people just get in over, and then once things start getting complicated, it's easy for people to start screwing things up.
And what do you, what do you mean like when things start getting complicated?
Like at what level, like when you're having 100 employees, or?
No, even in, just in general.
So, like say, even if you're like a non-profit or something and you have several different programs going on, it gets complicated for them to track everything appropriately.
Oh, yeah.
And then those get weird too, because people can say how they want the money to be used for.
So you actually kind of need to get sophisticated to set up your systems.
Heights?
Yeah, around here, right up above Eubank.
Not too far away.
Eubank and Academy?
No, a little bit south, like by I-40.
How long did it take you to become a CPA?
It's like a multi-step, I kind of did a weird direction.
I originally studied economics, and I took my, so to be a CPA you have to have 150 credit hours of school, and 30 credit hours of accounting.
So I did my 30 hours of accounting after I already got a master's in economics, and took the exams.
Then you have to work under a CPA for a year, and get them to vouch for your experience.
There's four exams you have to pass in an 18 month period.
I passed a couple before I even started working under a CPA, and two while I was working with a CPA.
And what led you to want to become one?
Kind of be an easier career path, and be able to break off on my own one day if I wanted to.
Absolutely.
Yeah, that'd be very easy for you to do.
Easy for me to do.
You have all the variables sealed. You're a master at what you do, and you do taxes.
My wife is an accountant too.
I would never in a lifetime work for anyone if I had all of that.
I don't have any of that, and I still don't, but I'm just saying it's, there's no way.
That's awesome, you're choosing an accountant.
That takes the load off.
And so who will you do taxes for?
Like if you open up your own, do you like for education, or non-profit, or?
That's what I share with individuals.
Yeah, if you ever did that, I would hire you for it.
Immediately. The same day that you started, without a shred of a doubt.
Just telling you that.
Without a doubt. The moment you started, I'd hire you immediately.
And then I'd have all my buddies that have businesses hiring you.
The guy with the dispensary, I'd have him go through you, do taxes for you, everyone would.
So I mean, you know, that's what I say.
How are you handling COVID?
I can't say I'm handling it bad.
Cool.
In other words, if you started your tax business, and you were really willing to just start out as an individual,
then you'd have all those individuals for you, and then once you got comfortable with that, you'd grow out of that,
you'd jump into whatever the next thing is.
I would be starting out, you know, at a good point, really easy for you, it'd be nothing.
Yeah.
Then you and your wife could have a sick-ass spa, and then have it to where it's...
You really don't even need to do that. You could almost do it remote to launch it, you know what I mean?
If you really wanted to organically do it.
And I like doing it, because I'm starting a barber academy at some point.
I'm just now getting all the licenses together, and she's together for the barber school.
Oh, that's cool.
Do they still have that barber college in town?
There's a bunch of them.
Do you have a good example?
Albuquerque Barber College, a better-than-you barbers academy, Metro, Paul Mitchell, where he's...
Tony and Guy used to be there.
Aveda, Adorabella.
If we weren't in private, I would be like, what is it you're making?
And I would be in there in the moment, I knew what you were making.
I'd try to get a picture job the same ******* day.
I'd put that on Jesus Christ.
And then you'd do my taxes, and you'd understand why I told you that.
If you were scared, I would start the whole thing.
But I'm just saying, I wouldn't recommend that.
I'd recommend it to my husband and wife, because their careers intertwine already.
Yeah.
Well, it's kind of nice that she knows what...
Absolutely.
That's what I'm saying, and then it's your wife, you can trust her.
Right.
That's perfect.
You can walk in your business, but if one's an accountant and you're a CPA,
you're damn sure you're damn serious, and I knew what you made,
and it was a certain amount, I'd tell you to quit today.
Oh, really?
But if it wasn't that amount, then you would know,
you'd have to rationalize it from a medical standpoint.
I would know immediately.
From an economical standpoint, it always is,
because you shifted the control to yourself.
Yeah.
You get tired of working so many hours for someone else.
You will work those long...
You probably won't, because I'd say in the beginning,
you will work those long hours,
but with your kind of position and job,
it's easier for you to just...
You're able to have certain hours that you only have to put those...
And your work isn't that hard, just to say, dude.
Look, I'm not one to say that,
I'm saying all the books you read and everything to get there is,
but as far as the mouth-nodding expression and doing all that ----,
it's easy for you.
So it's kind of like you've already...
It isn't like you're not holding a shoot-off.
Yeah.
Your wife's job is harder, but she likes it.
You know what I mean?
Therefore, it makes it easy for her.
The accounting sucks.
I don't like any of that ---- at all.
It gets kind of hard.
But I'm just saying, because it bothers me,
because I won't sleep at night.
So I did accounting for myself,
and obviously I did my books.
I keep track of all that.
And then I saw one little slight mathematical error that didn't matter.
It was within...
It was within about...
It was within $7.
But that's a big ******* deal.
So it's like, you know, I had to get in there,
and then I corrected the issue,
and it happened to be math.
You know what I mean?
So if you're not doing everything just perfectly,
you know, you could **** it up.
Right.
So that's why I'm saying it was...
I don't like that ----.
It's real tidy, dude, I'm learning.
Like, the accounting is...
Like, I like being tidy and everything,
but the accounting has a lot to do with *******, you know,
numbers and the tidiness of it,
and it has to make sense.
That's the part at the end.
It has to...
Numbers have to add up.
So if I show you my gross receipts, sales tax...
If I show you my gross receipts, sales tax...
And it's...
If I show you my gross receipts, sales tax...
Let me give you a reverse-engineered number.
So...
I paid...
14...
I paid $1,200 last month in taxes.
And so, gross receipts...
It doesn't take a genius to, you know,
know that it's 7.75% sales tax.
So I'm just saying,
you could pull the number that he made.
You get it?
Like, you know what I mean?
You know what he made.
So let me give you a better expression.
If you made $10,000 and you paid $800 in taxes,
you know what 7.75% is.
I'm just saying, you know what I mean?
You can get to the number.
So in other words, when I check my math,
and I reverse...
When I check my math and I go back
and I try to check for the answer
and it doesn't add up for me,
you had to have made a mistake.
Right.
Do you use, like, QuickBooks or anything like that?
I don't use Quick...
Why?
Do you like QuickBooks?
I use myself.
I don't use any of that ----.
It's okay.
Once you start...
It depends on what kind of transactions
you have as a business.
Even a tape can be a big change.
Maybe just...
So things start getting...
The more financial transactions
you enter into,
the more complex it gets.
And what do you mean more?
Do you mean over $1,000 a day?
Or do you mean...
Oh, no.
What is more?
When companies start doing
lots of debt agreements
with banks
and lots of...
Leases and things like that,
things start getting more complex
just because of other rules
of how you have to account for it.
Or being able to...
So imagine starting a non...
Imagine you pay $40,000 in taxes a year.
Imagine starting a non-profit
and then giving yourself
that same salary
through the non-profit per year.
What would you think of that?
Well...
And what do you think of the gut?
Good.