by Leif Jensen | Sep 8, 2022 | Running a Business |
Building an ethical culture requires establishing “the North Star” to which everyone within a company can align their attitudes and behaviors with a well-defined organizational purpose. Achieving this objective appears to be a daunting task in the post-COVID world...
by Leif Jensen | Sep 7, 2022 | Running a Business |
Are you a C-Corp, S-Corp or an LLC? If you are a C or S-Corp, you have corporate responsibilities that need to be addressed at least annually. You need to have an annual meeting where directors are elected: President, Vice-President, Secretary and Treasurer. If you...
by Leif Jensen | Sep 6, 2022 | Uncategorized |
Businesses and people tend to have professional relationships that should be maintained and cultivated. Working closely with all five and address most issues well before those become problems. These relationships are: Banker Insurance agent Financial Advisor Attorney...
by Leif Jensen | Sep 2, 2022 | Running a Business |
The complexity of external factors, particularly the effects of globalization, technology, demographic shifts, and changing demands, distracts organizational leaders from core elements of business success, the most important of which are the people one leads,...
by Leif Jensen | Aug 31, 2022 | General |
It is said that taxes are the anchor, but not the value of a CPA relationship. I have to agree with that statement. We look at our client relationship as their most trusted advisor, so we treat clients to a high standard. Not all clients want a “most trusted...
by Leif Jensen | Aug 30, 2022 | Taxes |
We started working with a new client and we were working through the company credit card charges. A number of the items looked to be personal items. So, we contacted the client, and it was his stance that everything is deductible, and the chance of an audit is slim....
by Leif Jensen | Aug 29, 2022 | Running a Business |
Are you the leader of your business? Are you the only leadership the business has? Are you an effective leader? Leadership is the accomplishment of a goal through the direction of human assistants. Does that describer what happens under your leadership? Or are...
by Leif Jensen | Aug 25, 2022 | Running a Business |
Every organization has many facets that make it unique as well as challenging. This article series is directed at topics that can help you run your business more effectively. To that end, we have been building a foundation of knowledge from which you can build a...
by Leif Jensen | Aug 24, 2022 | Estate Planning, Investing |
Are you a manufacturer? Are you absolutely certain? In my mind I don’t care if you make widgets, silk screen t-shirts, or prepare sandwiches; if you do any of these things or something similar, you are a manufacturer and you need to run your business off of an...
by Leif Jensen | Aug 23, 2022 | Running a Business |
I recently met with a client that showed me the postcard he received from a business broker. He had already contacted and met with them about selling his business. The amusing thing about this is that I was given some data to start their tax return (yes, they are...
by Leif Jensen | Aug 22, 2022 | Estate Planning, Investing |
As I was digging into the generational wealth issue, I came across a research paper: Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom? Details in the paper estimated that of the total wealth of the population, only 35...
by Leif Jensen | Aug 18, 2022 | Running a Business |
From the last few articles on building your company’s DNA, you should have a sense that building the right culture for future success revolves around re-designing the ways in which team members interact with others within the company to deliver positive, effective...
by Leif Jensen | Aug 17, 2022 | Estate Planning, Investing |
“Three generations from shirtsleeves to shirtsleeves,” Andrew Carnegie commented on the tendency of families to squander their wealth in a relatively short span of time. There’s a message in that for business owners. Do you own a business? Do you...
by Leif Jensen | Aug 16, 2022 | Estate Planning, Investing |
I was on a webinar that had a strong emphasis on asset protection with a generational wealth protection perspective. This got me looking into what facts I can find on generational wealth. Do you own a business? Do you have your children working for you in your...
by Leif Jensen | Aug 15, 2022 | Estate Planning, Investing |
I was on a webinar that had a strong emphasis on asset protection with a generational wealth protection perspective. This got me looking into what facts I can find on generational wealth. Not every person who makes millions comes from a family who has money. This...
by Leif Jensen | Aug 11, 2022 | Running a Business |
This article continues the discussion on redesigning organizational culture and the ways in which we do business within a company. The emerging realm of “remotely capable employees” can be eye-opening, especially when we consider how the lack of physical presence...
by Leif Jensen | Aug 10, 2022 | Running a Business |
Who of us at one time or another hasn’t gotten so fed up with the shenanigans of being in Illinois that we thought of leaving the “Land of Lincoln”? The red-light cameras, the violence, the fear of violence, the $50 plus parking fees, or the taxes...
by Leif Jensen | Aug 9, 2022 | Running a Business |
Earlier this year I had a client tell be about a webinar that they suggested that I needed to watch about asset protection. Months later, I had a client whose rental property was involved in causing a building fire. I finally was able to schedule the time to sit...
by Leif Jensen | Aug 8, 2022 | Investing, Money Management, Retirement |
2021 seemingly was the year of Roth conversions. We had multiple clients joint our regulars who do annual conversions. A Roth conversion needs to go directly from brokerage to brokerage with no income limitations as well as no conversion amount limitations. But all...
by Leif Jensen | Aug 4, 2022 | Running a Business |
This article focuses on dealing with “The elephant in the room,” specifically how your company is going to work differently in the aftermath of COVID-19 with the emergence of remote and hybrid work options. The post-pandemic COVID world tells us that the ways in which...
