Desert Breeze Bookkeeping - Tehachapi

Bookkeeping Tip

Are your business finances clearly separated and easy to track?
Start with good records and a clear separation between business and personal funds. IRS Publication 583 recommends opening a business checking account and keeping it separate from your personal checking account. The IRS explains that good records help you monitor the business and prepare financial statement and tax returns.

For example, a business account can also make day-to-day operations easier, including accepting customer payments and allowing employees to perform authorized banking tasks without accessing your personal account.

We will be working remotely from Tehachapi Friday morning. No one will be in the Lancaster or Tehachapi office until Friday, September 18th. We will be in San Diego the 14th - 17th for the IRS Tax Forum. E-mail us if you have a question or better yet, sending us payroll numbers to process remotely. The sooner, the better!

Business owners: Are you keeping track of all business-related mileage? The IRS mileage rate went up to $ .76/mile as of July 1st. If you keep accurate records, it is a great expense. If not, do not attempt it! It is an area for business audit. We have free mileage record books for your business upon request. Drive a mile and you can almost afford a Forever stamp, now $.82!

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Public Service Announcement:
Stock up on stamps before the increase next month.
The cost of mailing a letter is increasing again as the United States Postal Service works to address its long-running financial challenges.
Beginning July 12, the price of a First-Class Mail Forever Stamp will increase by 4 cents, from 78 cents to 82 cents. Domestic postcards will rise from 61 cents to 65 cents, while international postcards and letters will increase from $1.70 to $1.75. The price of domestic metered mail will climb from 74 cents to 78 cents. See less

Have a great Memorial Day and thank you to all of our veterans and active duty members for your service. We will be closed until Tuesday.

In case you were wondering...

State and Local Tax Collections Per Capita by State, 2026 Compare state and local tax collections by state, including state and local tax collections per capita in your state. See more.

Seven days, 5 hours, and 20 minutes until the 2025 tax deadline. Do you know where your tax forms are? Do you need an extension filed?

From the Tax Foundation:

Tax Cuts Arrive in the Form of Larger Refunds

Larger refunds arriving: The 2026 filing season is the first to reflect tax changes from the One Big Beautiful Bill Act, including new deductions for tips, overtime, auto loan interest, and senior citizens.

Because these tax cuts weren't reflected in IRS withholding tables, many taxpayers over-withheld throughout 2025—and are now seeing that money returned as larger refunds.

By the numbers: The most recent data finds that the average refund is $3,804, up about 10 percent compared to this time last year.

Total refunds issued are also running ahead—$109 billion so far compared to $102 billion at the same point in 2025.

Nearly 69 percent of filers have received a refund so far, compared to about 63 percent for the full 2025 filing season.

Big picture: While bigger refunds will grab attention this filing season, the temporary provisions driving the surge aren't why the law is expected to boost the economy.

The real growth impact comes from permanent reductions in marginal tax rates that increase incentives to work and invest over the long term. Read more.

Just a reminder that we are closed from noon on February 20th until 8am on Monday.