by Leif Jensen | Nov 30, 2022 | Investing |
Have you ever heard of qualified small-business stock (QSBS)? I doubt it, it is almost an anomaly. But there are tax benefits is you own them. You could get a nice tax break when you sell: The main tax benefit is 100% gain exclusion for many investors. Individuals who...
by Leif Jensen | Nov 29, 2022 | Rant |
I was just watching the “Offer” the factitious tale of the making of the “Godfather”. I was looking back on those standout movies from the 1970’s and most seem to be based on bestselling books. Now these were blockbuster films, not “Where the Crawdads Sing” or...
by Leif Jensen | Nov 28, 2022 | Taxes |
First, do you owe the IRS money? If so, is the balance greater than $55,000? If the answer to both questions is yes, then you may have a passport problem. The State Department can deny or revoke U.S. passports of people with tax debts of $55,000 or more on whom a tax...
by Leif Jensen | Nov 16, 2022 | Rant |
Clergy and the military both get a double tax break on housing allowances; and I have no problem with either group doing so. The military are paid poverty wages and are encouraged to be locked into the poverty way of life as one way to get extra cash. The idea behind...
by Leif Jensen | Nov 15, 2022 | General |
Congress giveth as well as they taketh, usually with the skill of a magician, especially since they don’t want to be caught and get reelected. So, if you are thinking of buying an electric vehicle in 2023? You need to take note of the changes to the EV tax credit...
by Leif Jensen | Nov 14, 2022 | Running a Business |
I have had a number of clients over the years ask me what they should be charging for their product or service. There are times when I can assist them and other times not so much. I had one entrepreneur whom I told her, she needed to quadruple her rate; she was...
by Leif Jensen | Nov 9, 2022 | Running a Business |
Years ago when I was in college, one teacher (not a professor) was bragging about his apparent wealth, one item that he mentioned struck me as a smart investment. He boasted about being an owner of an auto repair shop. This way his autos would always be in excellent...
by Leif Jensen | Nov 8, 2022 | Running a Business |
It seems that the death knell is ringing on the small independent autobody shop. In 2021 alone, 327 independent shops were acquired by owners of multiple shops, according to Focus Advisors, a mergers and acquisition advisory firm that tracks the industry. With...
by Leif Jensen | Nov 7, 2022 | Retirement |
The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance regarding all of the cost of living adjustments...
by Leif Jensen | Nov 2, 2022 | General |
There has never been found any conclusive proof that “Bigfoot” exists, no found skeletons, droppings, nesting places. But that has not stopped anyone from making a profit off it. People have written books, made documentaries, written articles, etc. We have also all...
by Leif Jensen | Nov 1, 2022 | Economy |
The 20th century was a rough one for China, the early portion included many incursions with Japan, then outright war. After WWII China was vulnerable and succumbed to the advent of Communism. In spite of or maybe because of Communism China wants to be recognized as a...
by Leif Jensen | Oct 31, 2022 | Rant |
When you review your insurance policies have you checked to see if you have zombie or alien abduction coverage? I doubt it. Your insurance company may not even have policies to cover such incidents. Here are some links for comparison shopping:...
by Leif Jensen | Oct 26, 2022 | Estate Planning |
We have all heard the stories of those poor unfortunate saps who forgot the Bitcoin passwords and are thus locked out of their fortunes… Unfortunately, this is a very real concern, losing a password is exactly the same as losing the money. Since Bitcoin and all other...
by Leif Jensen | Oct 25, 2022 | Rant, Retail |
I am more than aware that as a nation we have messed up and backward priorities. Congress can’t agree with on the color of an orange. Our economy is in the toilet and the only election issue seems to be abortion rights. Most important of all is the fact that the day...
by Leif Jensen | Oct 24, 2022 | Investing, Running a Business |
People initially questioned Disney’s sanity regarding the purchase of Lucasfilm for $4 billion, when it occurred. Since Disney’s purchase in 2012, the Star Wars franchise has generated close to $5 billion in worldwide box office revenues and in excess of $8 billion in...
by Leif Jensen | Oct 19, 2022 | General |
China has a plan and the answer may lie in China’s digital yuan. China’s cryptocurrency has been in development for over eight years, since the People’s Bank of China (PBoC) first began investigating a government-run bitcoin in 2014. In the early 2010s, Chinese crypto...
by Leif Jensen | Oct 18, 2022 | Money Management |
Most people who took the EIDL advances where under the impression that there was no interest accruing in the first year, nor the extension. There were just no payments due. Interest was accruing and now the original payments that were sent are not enough to cover the...
by Leif Jensen | Oct 17, 2022 | Rant |
I personally believe that we have lost one of our Constitutional Rights. If you speak what is on your mind and if it is at all controversial the villagers will be out to get you with pitchforks and torches. There will be no reasoning with them, they will burn you and...
by Leif Jensen | Oct 12, 2022 | General |
Lately we seem to be a country more and more at battle with itself. In one corner is the employee vs employer, battle over salary transparency. This would bring major changes to some of the nation’s most powerful companies from Wall Street to Silicon Valley. A small...
by Leif Jensen | Oct 11, 2022 | Investing, Money Management |
There are now many homeowners who want to move out of the starter house into a larger one, or smaller if they wish to contract since you are now an empty nester. But they are locked in the “golden handcuffs” of low mortgage rates and find it too daunting to sell...
