by Leif Jensen | Apr 14, 2025 | General, Rant |
We have all seen the ads and most know them to be false, yet some believe them to be true. So, H&R Block must pay a fine and change its deceptive marketing practices. In 2024, the Federal Trade Comm. filed an administrative complaint against the firm, alleging...
by Leif Jensen | Apr 9, 2025 | Tax Court |
Harsh punishment for a “ghost” preparer who filed false returns for clients. A woman charged her clients fees for tax prep services, but she didn’t sign the 1040s as a preparer, and she didn’t include her preparer tax ID number. Also, the returns overstated credits...
by Leif Jensen | Apr 7, 2025 | Rant |
I was surfing the internet for interesting ideas for blog topics when I stumbled across this: Americans apparently are buying fewer guns. Blanket statement that will offend most people, this is for legal purchases only described in these numbers. Illegal purchases...
by Leif Jensen | Apr 2, 2025 | Rant |
I found these as for the reasons and the rationale for the listings: 38% to maintain a presence on job boards even when not hiring 36% to assess the effectiveness of job descriptions 26% to build a talent pool for the future 26% to gain insights into the job market...
by Leif Jensen | Mar 31, 2025 | Rant |
I read in Forbes that a June Resume Builder study uncovered findings that proved figures comparable to the MyPerfectResume study. Out of the 1,641 hiring managers surveyed, 40% of respondents admitted to posting fake job adverts this year, and three out of 10 say they...
by Leif Jensen | Mar 26, 2025 | Rant |
I have to admit that the concept of a “ghost job” is a new concept for me. I am known to take a cynical view on life and business, but to piss away funds advertising jobs that don’t exist is not a good business practice in my mind. Yet, I read that in a recent survey...
by Leif Jensen | Mar 24, 2025 | General |
As the tax season began, I received a number of calls from people who now need to find a new tax preparer. Some knew their old preparer was retiring, others are surprised to find out that their preparer has already retired. So, their hunt is on. One gentleman called...
by Leif Jensen | Mar 19, 2025 | Taxes |
I was on a webinar and the subject of divorce and annulment came up. For the longest time we did not have a client get a divorce while they worked with us, then it changed and seemingly a number of them were divorcing all at the same time. We knew our responsibilities...
by Leif Jensen | Mar 17, 2025 | Rant |
I have been working on and off with a couple, now divorced, who have had some tax issues. They owe(d) the IRS lots and lots of money. They make good money, but never seemed to withhold enough. Hit their qualified funds and guess lived beyond their means for a time....
by Leif Jensen | Mar 12, 2025 | Rant |
As I have stated I am old. When I went through college the Cash Flow Statement did not exist in it’s current form. I was taught about the Statement of Change in Financial Position. Quite different from the Cash Flow format. I understand the old statement was not...
by Leif Jensen | Mar 10, 2025 | Rant |
Once again, I have been reminded why I need to work with more than one bank. I was looking to move my HELOC back to the bank where I do most of my personal banking. I moved the HELOC away from them because I found I had timed out, the cause for this was the banker...
by Leif Jensen | Mar 5, 2025 | Rant |
I was doing a search for something else and the above statistic showed up. I disagree with it, according to the US Bureau of Labor Statistics, only a quarter of businesses fail in the first year; and half die within five years. The rational for the failures given was...
by Leif Jensen | Mar 3, 2025 | Rant |
I was listening to a webinar drone on, and they had a slide that showed business failure rate, this went by quickly, so I looked up the data and found this: According to the U.S. Bureau of Labor Statistics (BLS), the failure rate for new businesses is: First year:...
by Leif Jensen | Feb 26, 2025 | Rant |
Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. Yet, on one occasion I was correct,...
by Leif Jensen | Feb 24, 2025 | Rant |
Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. When I was a teen, I was afraid of...
by Leif Jensen | Feb 19, 2025 | Rant |
Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. During the Carter administration, my...
by Leif Jensen | Feb 17, 2025 | Rant |
Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. I forget when exactly he told me, I...
by Leif Jensen | Feb 12, 2025 | Employees |
When an individual receives both W-2 and 1099 forms from the same company, there are several key factors to consider: Possible Scenarios: – Dual roles: The individual may be an employee who also serves as an independent contractor for separate work....
by Leif Jensen | Feb 10, 2025 | Advertising, Running a Business |
The optimal Return on Ad Spend (ROAS) for social media ads can vary widely depending on factors like industry, business model, and company goals. While a ROAS of 4:1 or higher is generally considered strong, what constitutes a “good” ROAS can differ...
by Leif Jensen | Feb 5, 2025 | Corporate Entities |
I am not certain is you are aware of shelf corporations or not. It seems most people are not. A shelf corporation, also known as a dormant or aged corporation, is a legally formed company that has been left inactive without any business activities for a certain...
