by Leif Jensen | Jun 16, 2020 | Taxes |
Are you still waiting for your stimulus check from IRS? You may get a prepaid debit card. IRS previously said that it will start mailing out paper stimulus checks to eligible individuals for whom the agency does not have bank account information. It now says that some...
by Leif Jensen | Jun 15, 2020 | Taxes |
Long-term capital gains still have favorable rates. Profits from the sale or exchange of capital assets held for over a year are generally taxed at 0%, 15% or 20%. To be long-term the assets must be held over a year. The rates are based on set income thresholds...
by Leif Jensen | Jun 10, 2020 | Running a Business |
I sit on a company’s Board of Directors (BOD) as Chairman. I took over from the previous Chair as he left the BOD. I have been on this BOD from the very beginning. I actually suggested to the owner that he should have a Board of Advisors(BOA) or a BOD. The company...
by Leif Jensen | Jun 9, 2020 | Running a Business |
We have worked with several restaurants over the years. After a very bumpy start with a lot of overspending, one learned how to keep their overhead as low as possible. Talking to one owner they could cover their annual fixed costs within 5 to 6 months. But only...
by Leif Jensen | Jun 8, 2020 | Employees |
I have a couple of clients who furloughed their employees when the pandemic slammed their businesses into inactivity. They restrategized, contacted old and existing clients, got some work and are recalling back the employees, now that business is pickup up a bit. But...
