by Leif Jensen | Sep 9, 2021 | Economy, General |
Bike prices shot up 10% to 15% last year, as the COVID-19 pandemic helped boost many homebound Americans’ appetite for outdoor recreation. Anything to get out of the house and not into a store to look for toilet paper. Industry watchers are expecting similar price...
by Leif Jensen | Sep 8, 2021 | Rant |
I have written in the past of my enjoyment of Terry O’Reilly’s podcasts “Under the Influence” and “Age of Persuasion”. One Under the Influence podcast dealt with the shape of the packaging where he quoted: “Fast Company Magazine cites University of Toronto research,...
by Leif Jensen | Sep 7, 2021 | Running a Business |
Shoddy recordkeeping costs a tax preparer a large chunk of money. She can’t deduct her vehicle expenses, even though she used her personal car in her business. She claimed she drove 34,560 miles for business during the year, and she took the standard mileage...
by Leif Jensen | Sep 1, 2021 | Expense reduction |
In the past I have worked with a client who ran up huge credit cards bills every year. They then used their dwindling federal refunds to pay off their credit card balances. I went on to explain that they were accruing 20%+ interest on their balances and the IRS was...
by Leif Jensen | Aug 31, 2021 | Running a Business |
I have a client where I deal with the manager and not the owner. It is my understanding that the manager will eventually take over as owner, but after a number of years it had not happened just yet. The PPP forgiveness was a problem. The owner applied for the loans...
