by Leif Jensen | Oct 11, 2023 | General |
My guess is that you use a single bank for checking and savings, maybe even your credit card. While this may be a way of simplifying your life, it also ties you to the whims of that bank. Suchas their hours and levels of customer service. Granted with my businesses...
by Leif Jensen | Oct 10, 2023 | Money Management |
Where to you have you emergency and your whoopie reserves? Are they in ordinary savings or worse checking accounts? For years it did not matter where you kept your cash, there were no vehicles that paid 1% or above in APR. Now, in the Biden run-up of the interest...
by Leif Jensen | Oct 4, 2023 | Taxes |
With the wild run up of property values, I have had a rash of clients selling rental properties. The offers were just too good to refuse. When I go over the gain calculation they are startled. They are thinking I sold for $500,000, I paid $200,000 I pay tax on only...
by Leif Jensen | Oct 2, 2023 | Running a Business |
If you don’t collect new W-9 from vendor’s regularly, you should start collecting them now. A W-9 has all the relevant information to determine if you need to or not issue a 1099-M or 1099-Nec to your vendor. The IRS requires businesses to report payment of...
by Leif Jensen | Sep 27, 2023 | Rant |
I was re-watching the “Titans Who Built America” and in the episode there was a competition as to whom was going to build the world’s tallest building, Charles Chrysler or Pierre DuPont. DuPont won with the Empire State Building, Chrysler lost with e Chrysler...
