by Leif Jensen | Oct 8, 2025 | Rant |
Scaccarium – A chequered cloth resembling a chess-board which covered the table in the exchequer, and on which, when certain of the king’s accounts were made up, the sums were marked and scored with counters The Medieval counting table was covered in a checkered...
by Leif Jensen | Oct 6, 2025 | Rant |
The abacus, originated in ancient Babylon, is a calculating tool with beads that slide on rods or wires, was in use in the ancient Near East, including regions where Arabic mathematics flourished, says UCDA Design Conference. Structure: An abacus typically features a...
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...
