by Leif Jensen | May 23, 2017 | General |
During my career I have run into entrepreneurs that fall into roughly five different categories. First there are those who have their own ideas and plan to build their business from the ground up. This is the way I started my business. The second...
by Leif Jensen | May 22, 2017 | General |
About a month ago I was delivering a client’s return to the Shiller Park offices of the IRS. I was doing this because the client had not filed corporate of personal returns for a few years and I wanted to ensure that the first years was filed immediately upon...
by Leif Jensen | May 17, 2017 | Case Study |
While networking, I have come across a few entrepreneurs that had businesses and didn’t have businesses. Yes, I know clear as mud. What they had set up were passive businesses in which the success of the business was put into the hands of others to be the...
by Leif Jensen | May 17, 2017 | General |
I have a client experiencing difficulties with their bank. Their relationship to their bank was testy at times, but then the bank was absorbed by another and things just went from bad to worse. The bank now insists on a 48 hour hold on all deposits, even if...
by Leif Jensen | May 16, 2017 | General |
S corporation owners who guarantee the firm’s loans don’t get a tax break: Guarantees don’t boost their tax basis in the firm. S company shareholders can deduct their share of corporate losses only up to their investment in the company, including advances made...
