by Leif Jensen | Jun 30, 2021 | Taxes |
Businesses can deduct 100% of restaurant meals in 2021 and 2022.The late 2020 stimulus law provides temporary relief from the 50% haircut that normally applies to the business meals write-off. The easing applies only to food and beverages purchased at a restaurant for...
by Leif Jensen | Jun 29, 2021 | Running a Business |
Deducting race car expenses through a construction firm draws IRS scrutiny. A father and son owned an S corporation that built houses and developed real estate. The son enjoyed car racing, so the company purchased a race car body and parts for the son to restore and...
by Leif Jensen | Jun 28, 2021 | Rant |
William Shakespeare wrote in Henry VI, Part 2, Act IV, Scene 2 “The first thing we do, let’s kill all the lawyers”. It is among Shakespeare’s most famous lines, as well as one of his most controversial. Counter to that has been a trend in law...
by Leif Jensen | Jun 23, 2021 | General |
A current and future growing tech challenge: Computer chips are using too much energy. On today’s trajectory, by 2040 the energy required for global computing would exceed the world’s estimated energy production. This worst-case scenario is probably unlikely, but it...
by Leif Jensen | Jun 22, 2021 | General |
It is amazing to believe but there is one Trump administration priority that will persist under President Biden: The return of manned missions to the moon and, eventually, to Mars under the Artemis program, now the first human deep-space exploration effort with...
