by Leif Jensen | Jun 21, 2022 | Rant |
With the planned proliferation of electric vehicles coming onto the market by the end of the decade, how are they all going to be charged? Throughout the US we have electric grid reliability issues. Adverse weather conditions in the central U.S. will be 1.7% higher...
by Leif Jensen | Jun 20, 2022 | Rant |
States are introducing bans on ransomware payments by public agencies that get hit by this increasingly common cyberattack. This is an attempt to remove the low hanging fruit, typically municipalities have limited and poor security, which have made them easy targets....
by Leif Jensen | Jun 16, 2022 | Running a Business |
Leadership is complex because it operates on many levels. Articles to this point have focused on Individual Leadership, i.e., the traits and practices of a leader for being effective on a one-to-one basis with others. We only scratched the surface so far, but at least...
by Leif Jensen | Jun 15, 2022 | Rant |
We picked up a new client this year that will not be returning next year, he isn’t even a real client this year. We did not submit his tax returns. This gentleman gave us his documents and we prepared financials for him. He did not like the results, he made money, a...
by Leif Jensen | Jun 14, 2022 | Rant, Running a Business |
This last tax season we picked up a new client that is running an e-commerce business similar to my own. I have to admit that I was jealous. They run theirs better than I do mine. As business has picked up on the CPA side a couple of my side businesses have...
by Leif Jensen | Jun 13, 2022 | Rant |
This last tax season was unusual, but I expect it to be more of the norm moving forward. We had clients who were missing 1099-R’s. They have been coming so regularly that people didn’t know who to call about the missing one. The prior year’s report never has a phone...
by Leif Jensen | Jun 9, 2022 | Running a Business |
Being an effective leader happens by design, no chance. Every action you take as a leader should be purposeful, including the informal daily communications you have with members of your team. In the last three articles, we looked at specific actions for building...
by Leif Jensen | Jun 6, 2022 | Investing |
Cryptocurrencies are seemingly moving more closely with the other financial markets at this point. The correlation between bitcoin and the stock market is hitting multiyear highs. A measure of the correlation between bitcoin and the Nasdaq Composite suggests that the...
by Leif Jensen | Jun 2, 2022 | Running a Business |
By Dr. Ray Benedetto, DM, LFACHE, Colonel, USAF, MSC (Ret), Co-founder of GuideStar, Inc. and Co-author of It’s My Company Too! How Entangled Companies Move Beyond Employee Engagement for Remarkable Results The last two blogposts focused on four actions of an...
by Leif Jensen | Jun 1, 2022 | Investing, Money Management, Rant |
Recently most cryptocurrencies have fallen to their lowest level since July 2021. The total market capitalization of cryptocurrencies has fallen by more than half since its peak in November 2021. Bitcoin the world’s largest cryptocurrency has fallen to about half of...
by Leif Jensen | May 31, 2022 | Running a Business |
We I am discussing client’s businesses with them we use the terms small and or medium sized businesses. There is a lot of flexibility in the use of both terms small and medium. The parameters very in people minds. Then I found a strange Australian sitcom called...
by Leif Jensen | May 26, 2022 | Running a Business |
By Dr. Ray Benedetto, DM, LFACHE, Colonel, USAF, MSC (Ret), Co-founder of GuideStar, Inc. and Co-author of It’s My Company Too! How Entangled Companies Move Beyond Employee Engagement for Remarkable Results Here are two more specific actions that should be core to...
by Leif Jensen | May 25, 2022 | Investing, Running a Business |
You are looking to get into a new line of business or rapidly grow your own business, the easiest way for some to do this is to buy an existing business. When purchasing a business, you need to know that the details and analysis of what you look at and for will differ...
by Leif Jensen | May 24, 2022 | Advertising |
As a CPA I have a number of natural Centers of Influence, those who can make referral through their normal course of business. Realtors can be one for new individuals who are moving into the area wanting a local practitioner. Bankers are another, when a client comes...
by Leif Jensen | May 23, 2022 | Advertising |
How a business owner market their business has always been a strange attraction to me. I am always on the look-out for an idea that I can steal and implement in my business. I admit I am flabbergasted when I find that the business owner is doing no marketing or...
by Leif Jensen | May 19, 2022 | Running a Business |
By Dr. Ray Benedetto, DM, LFACHE, Colonel, USAF, MSC (Ret), Co-founder of GuideStar, Inc. and Co-author of It’s My Company Too! How Entangled Companies Move Beyond Employee Engagement for Remarkable Results Recall from the last post, I stated that building trust is...
by Leif Jensen | May 18, 2022 | Investing, Money Management, Taxes |
If you don’t meet the definition of “Trader” in the eyes of the IRS, you are an “Investor”. Investors typically buy and sell securities and expect income from dividends, interest, or capital appreciation. They buy and sell these securities and hold them for personal...
by Leif Jensen | May 17, 2022 | Investing, Money Management, Taxes |
If you meet the definition of “Trader” by the IRS you can choose to use the mark-to-market rules, investors cannot. If a trader doesn’t make a valid mark-to-market election under section 475(f), then he or she must treat the gains and losses from sales of...
by Leif Jensen | May 16, 2022 | Investing, Money Management, Running a Business, Taxes |
Are you a “Trader” or an “Investor” in the eyes of the IRS? Special rules are in place if you’re a trader in securities, in the business of buying and selling securities for your own account. The law considers this to be a business, even though a trader...
by Leif Jensen | May 12, 2022 | Running a Business |
By Dr. Ray Benedetto, DM, LFACHE, Colonel, USAF, MSC (Ret), Co-founder of GuideStar, Inc. and Co-author of It’s My Company Too! How Entangled Companies Move Beyond Employee Engagement for Remarkable Results What’s next after you’ve got the right people on the bus who...
