by Leif Jensen | Oct 14, 2024 | Taxes |
To calculate estimated taxes, individuals must estimate their total tax liability for the year, including self-employment tax and individual income tax. They then divide this amount by four to determine the quarterly payment amounts. The IRS provides Form 1040-ES for...
by Leif Jensen | Oct 9, 2024 | Taxes |
The U.S. tax system operates on a pay-as-you-earn basis, requiring taxes to be paid as income is received. For employees, employers typically manage this through withholding. However, for those without automatic withholding, such as the self-employed, estimated tax...
by Leif Jensen | Oct 7, 2024 | General |
Generative AI utilizes large, versatile foundation models to create novel content such as text, images, music, audio, and videos. These powerful AI systems can multitask and perform a variety of out-of-the-box functions, including summarization, question answering,...
by Leif Jensen | Oct 2, 2024 | Rant |
During the Dark Ages, most people’s access to goods and services was confined to a 20-mile radius around their birthplace. Few individuals ventured beyond this limited geographic area over the course of their entire lives. Even the wealthy, who may not have...
by Leif Jensen | Sep 30, 2024 | Running a Business |
A written information security program, known as a WISP, is the foundation of an effective information governance strategy. By outlining policies and procedures, a WISP can help organizations mitigate the risks of cyberattacks and inadvertent data breaches....
