Financial Audit  /  Banman Engineering International LLC (dba Online Overhaul)

Two years, fully audited.

Every bank account and card reviewed: Bank of America, Wells Fargo, Truist, Discover, and Amex. Here is what is real income, what is personal, what you can deduct, and what needs fixing.

Prepared May 29, 2026 Covers 2025 + 2026 Single member LLC (Schedule C) Formed May 2025, Wyoming
Top priority · action overdue
Your 2025 tax return is unfiled, and it has ~$24,277 of business income on it.
A 2025 Schedule C was due April 15, 2026. It is about 6 weeks late and the failure-to-file penalty grows monthly. Filing now stops the bleeding. This needs a CPA, soon.
Plain English review built from your actual statements; figures reconcile to your bank records. This is general information to act on, not formal tax advice. Items marked Ask a CPA need a licensed professional before you rely on them.

Where you stand

2025 business income
$24,277
Aligned Chiropractic, May to Dec
2026 income (Jan to Apr)
$11,050
Same client, growing
2025 deductions
~$11.3k
Mileage now included
Set aside for taxes
$0
Should be ~25% of income

Your client revenue, both years

2025 (May to Dec) · Wells Fargo$24,277
2026 (Jan to Apr) · Bank of America$11,050

All from Aligned Chiropractic LLC (owned by your relative Michael Banman). Steady ~$2k/month. 2026 is on pace for roughly $44k.

For a year and a half, your business money ran through personal accounts and cards, and almost no deductions were tracked.
Income landed in a Wells Fargo account joint with your client's owner; spending scattered across Discover, Amex, and three banks. It is all fixable, and nothing here is fraud. But it left your liability shield weak and your tax bill higher than it needs to be.

Your 2025 deductions (this lowers the bill)

iPad, business equipmentBought Aug 2025, expensed in full$549
Phone + internetBusiness-use share (~85%), pending exact bills~$1,000-1,500
Home office50-100 sq ft at $5/sq ft. Must be used only for business.~$250-500
LLC formation, Buffalo RegisteredStartup cost. Need exact amount you paid.~$100-300
Local business tax, Manatee CountyIf the 7/21 charge was your business receipt~$53
Software (Grubby, Mindko)Plus Claude.ai $200 in 2026~$30
Mileage~12,750 business miles (clinic meetings + other stops, May-Dec) at 70c/mi. Must be substantiated: reconstruct 2025, and log going forward.~$8,900
Total 2025 deductions~$11,300
Your 2025 bottom line
$24,277 − $11,300 = ~$13,000
Taxed on roughly $13,000 of net profit, not the full $24,277. Estimated self-employment tax ~$1,800; income tax likely near zero (student, low total income, standard deduction). Manageable, and defensible. Pending CPA sign-off + mileage substantiation.

The core problem

Business money, personal accounts

100%
of business spending was personal, or untracked

Fast food, gas, flight lessons, personal cards, and a relative's Amex all ran through business money. Almost no real business expense was recorded.

Income landed in a personal account

2025 client income $24,277
Landed in your personal WF commingled
Reported to IRS so far $0

Real, traceable income, paid weekly. It belongs on your 2025 return, which has not been filed.

Health check

✓
Strong, growing client revenue~$35k across 18 months, paid like clockwork.
✓
You now have a real business bank account(Opened Jan 2026. Use it for business only from here.)
✕
2025 return unfiled with $24k of incomeThe most urgent fix. Penalties accruing.
✕
Business and personal money mixedAcross all accounts and both cards. Weakens your LLC protection.
✕
No tax set aside, no deductions trackedBoth being fixed now.
!
Client is family (related party)Legitimate, but keep clean invoices so it reads arm's length, and route client payments into your business account going forward.

Deadlines on the clock

Overdue, do first
File the 2025 tax return (Schedule C)
~$24,277 income, minus the deductions above. Get it filed with a CPA to stop the failure-to-file penalty.
Overdue
Wyoming annual report
Was due May 1, 2026. File before the 60-day window closes or the LLC can be dissolved.
About 2 weeks
Q2 estimated federal tax · June 15, 2026
Start a reserve now; a voluntary payment gets you ahead.
To do
Register the WY LLC in Florida
You operate from FL. Likely must foreign qualify, or convert to a FL LLC. Ask a CPA.

Your tax reserve rule

Skim off the top of every client payment
25 to 30%
Move it to a separate savings bucket the moment money lands. On your income that is roughly $500 to $600 a month, held for taxes. Start now.

The plan

  1. File the 2025 return, soonWe finalize income + deductions; a CPA files it. Stops penalties, gets you compliant.
  2. Lock the last two numbersYour real business mileage, and the exact LLC formation cost. Then deductions are final.
  3. Split business from personalBusiness account and card for business only. Personal life on a personal card.
  4. Start the 25 to 30% tax reserve todayEvery client payment, skim the top.
  5. Track deductions going forwardMileage log, home office, phone, software. This is where the bill drops.
  6. File the WY report, sort out Florida, set up QuickBooksOne QuickBooks file (Online Overhaul = Banman Engineering).

Take these to a CPA

  • Filing the overdue 2025 return and minimizing late penalties
  • A defensible business-mileage figure (NOT 50,000)
  • Florida registration vs. converting the Wyoming LLC
  • The family-client (related-party) arrangement and keeping it arm's length
  • The $2,402 paid to a relative's Amex (business trip, pending substantiation)