by Leif Jensen | Jul 25, 2022 | Running a Business |
We had a client last tax season that had a problem and they insisted that needed fixing. They had a company that they stopped paying for the annual report on a couple years before. So the state involuntarily dissolved the corporation. They could reopen the...
by Leif Jensen | Jul 21, 2022 | Running a Business |
The last article introduced the concept of Organizational DNA and its four building blocks. This article focuses on two of the four blocks: Structure and Decision Rights, with specific attention to the design and power of teams in executing your mission and improving...
by Leif Jensen | Jul 20, 2022 | Investing |
This year I have noticed that more and more clients have holdings at multiple brokerage firms. Typically, you can squeeze a better deal on costs and fees, if one hold most or all of your assets. I asked one gentleman why? He explained that while he makes most of his...
by Leif Jensen | Jul 19, 2022 | Taxes |
I have and am now working with a new client that have sold three properties that have been nearly fully depreciated. Two were sold in 2021 and one in 2022. They were unaware of the fact that you have to recapture the depreciation that they have been enjoying for...
by Leif Jensen | Jul 18, 2022 | Taxes |
I have had a number of clients who sell their buildings and then call me up and want to talk about setting up a 1031 exchange, since they don’t want to pay the taxes on the huge gains they just made. A 1031 exchange is a real estate investing tool that allows...
