by Leif Jensen | Jun 24, 2024 | Rant |
Recently I was watching tv and the show had the MacGuffin that the SS office had processed the death of a client, who was obviously still alive. So nothing new or original, except the ass backwards way they attempted to correct the issue. They went to court instead...
by Leif Jensen | Jun 19, 2024 | Running a Business |
Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Whether someone is having fun with a hobby or running a...
by Leif Jensen | Jun 17, 2024 | Running a Business |
Beneficial Ownership Information Report are required reports that need to be filed. I have just completed the Beneficial Ownership Information Reports for the companies that I own or am active with such as a NFP run by one of my sons. Yes, NFP’s need to file as...
by Leif Jensen | Jun 12, 2024 | Running a Business |
If you own and run an S-Corporation you are supposed to pay yourself a reasonable salary. Granted the IRS does not define reasonable salary, but there should be a salary. I work with a client whose son-in-law is retired and receives no Social Security, he had run his...
by Leif Jensen | Jun 10, 2024 | Rant |
After the Judge denied the merger between Penguin Publishing and Simon and Shuster. Penguin went through a massive round of layoffs and Simon & Schuster was sold to a private equity company instead. Private equity tends to have one game plan strategy: buy a...
