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...
by Leif Jensen | Sep 25, 2023 | Money Management |
I was listening to the radio and an investment specialist was talking about savings. I know it sounds very surprising. Actually, this one made some interesting points. If you have already established your cash reserves (3 to 6 months of cash needs in case of an...
by Leif Jensen | Sep 13, 2023 | Retirement |
Thinking of starting up a SIMPLE for 2023? If so time is running out for existing firms to set the plan for 2023. You have a deadline of Oct. 2. Otherwise, contributions can’t be made for 2023. SIMPLEs are plans for small firms; those with 100 or fewer employees in...
by Leif Jensen | Sep 11, 2023 | Taxes |
Surprise a tax that starts to effect those who thought it was a good idea to tax the rich, it turns out they are the rich, themselves. More people each year pay the 3.8% surtax on net investment income. This tax, which was enacted as part of Obamacare, applies to...
by Leif Jensen | Sep 6, 2023 | Tax Court |
The daughter convinced her parents that she needed funds for a fictitious legal battle. Being “good parents” and wanting to help her out, the couple withdrew $1.1 million in IRA and pension funds in 2017 and turned the money over to the evil daughter. They were taxed...
by Leif Jensen | Sep 5, 2023 | Taxes |
The Service now addresses the taxation of crypto rewards received through staking. Some taxpayers have taken the position that token rewards they received through a proof-of-stake blockchain are created property that isn’t taxed on receipt, but instead, on...
by Leif Jensen | Aug 30, 2023 | Taxes |
Interaction with the PPP loans, wages covered by PPP loans are not eligible for ERTC credits. Interaction of the ERTC and other payroll-related credits. Wages used for the following credits generally can’t also be used for purposes of claiming the ERTC: The tax credit...
by Leif Jensen | Aug 28, 2023 | Taxes |
We have all heard the promoters and their outrageous claims about getting your money that is owed to you and your business under the ERC rules. The ERTC rules are complex, and Congress changed them on three different occasions, just to make them more complicated. With...
by Leif Jensen | Aug 22, 2023 | Rant |
Now the following is not the result of a scientific study. This is all based upon conversations with Baby Boomers, Gen X, Millennials, and a Gen Z representative and his beliefs based on his research and reading and friends. The Gen Z group look at Congress and their...
by Leif Jensen | Aug 21, 2023 | Rant |
It’s not the strongest of the species that survives, nor the most intelligent that survives. It’s the one most adaptable to change. – Charles Darwin I read this quote on a webpage and then went on through the article. Later I had to go back and find it. I read it...
by Leif Jensen | Aug 15, 2023 | Rant |
There was a poll taken in July 1970, that had 30% of Americans declaring that Apollo 11 was a fake. Apparently, the number got a bit worse when the movie Capricorn One was released, about a fake Mars landing. I have yet to find out how the conspiracy theorists explain...
by Leif Jensen | Aug 14, 2023 | Rant |
Again, in the quest for compliance with the wiles of cyber security I stumbled onto yet another “expert” who had broken down cyber security into seven layers. I have to admit that I can agree with these for the most part, but maybe not their strict definitions. The 7...
by Leif Jensen | Aug 9, 2023 | General |
You know the more I investigate cyber security for my procedure manual the more I am thinking, most for those attempting to prove themselves experts, don’t know what they are doing. A vast number of them seem to just spew buzz words that don’t say anything. I include...
by Leif Jensen | Aug 8, 2023 | General |
As I was looking for an outline for our Cyber Security Manual, l I stumbled upon this whitepaper. I found it interesting enough to summarize here. Change – Organizations face a constantly changing array of pressures from multiple external sources. Compliance...
by Leif Jensen | Aug 7, 2023 | Rant |
100 years ago, when I was growing up and network television was alive and well with all three channels and one PBS channel and 3 local channels. I watched cartoons (I still do, a lot of the same ones from my youth via DVD). One of my favorites was Yogi Bear. It...
by Leif Jensen | Aug 2, 2023 | General |
Did you know that 95% of breaches are due to human error? I admit I was not surprised by this number. What did surprise me was that 91% through e-mail, this was a bit of a shock. MyDoom did $38.4 billion in damage, there are also 4 million records are stolen from...
by Leif Jensen | Aug 1, 2023 | General |
How many of you are using AI regularly? Do you Alexia? Play chess online? How about Amazon shopping recommendations? All utilize AI, so you have been using AI without even knowing it. Chat GPT newest iteration of AI. ChatGPT is a large language model-based chatbot...
by Leif Jensen | Jul 31, 2023 | Running a Business |
I was on a webinar regarding risk and the issue of a cyber insurance policy was given. So, I contacted my agent to see what kind of coverage I had. Apparently, I only have an endorsement that is very limited in scope on my main package that covers data breach...
by Leif Jensen | Jul 26, 2023 | Taxes |
What happens when you distribute Trust assets and don’t pay the taxes? You guessed it… The IRS can go after heirs and trust beneficiaries for unpaid estate taxes. It doesn’t matter that they received property years after the decedent’s death, an appeals court...
by Leif Jensen | Jul 25, 2023 | Rant |
A woman wins her home-seizure case before the Supreme Court. Failing to pay home property taxes for several years can result in the county where you live confiscating the property and selling it at auction. But who is entitled to the excess amount if the sales...
