by Leif Jensen | Oct 1, 2025 | Rant |
Excluding counting on the fingers, counting boards are the earliest known counting device, and a precursor of the abacus. Dust boards were used as counting tools: Dust boards, which were essentially tablets covered with a thin layer of dust or sand, served a similar...
by Leif Jensen | Sep 29, 2025 | Taxes |
S corporation shareholders encounter particular restrictions on the amount of losses and deductions they are permitted to claim on their individual income tax returns. These constraints are primarily governed by the concept of basis, which represents a shareholder’s...
by Leif Jensen | Sep 24, 2025 | Running a Business |
For S corporation (S corp) owners who are actively involved in their business operations, paying themselves a “reasonable salary” for the work performed is a requirement. The Internal Revenue Service (IRS) defines this reasonable compensation as an amount...
by Leif Jensen | Sep 22, 2025 | Rant |
While in college a thousand years ago, I had a professor, who stated that if you could successfully get product distribution setup in Chicago, you could get your product distributed nationwide. I am uncertain if he was correct all those years ago, yet I was willing to...
by Leif Jensen | Sep 17, 2025 | Rant |
According to verbal reports given to me by my children Private Equity is removing single family homes, condo and apartment building from the purchase market to create a new class of forever renters. Apparently, they follow the teaching of Lex Luthor’s father in...
