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...
by Leif Jensen | Aug 3, 2022 | Running a Business |
I was watching a webinar that was showing CPAs how to position their business for greater strength and flexibility to continue to be relevant in our changing times. I thought that it was relevant enough to share, because when broken down to it’s essentials if should...
by Leif Jensen | Aug 2, 2022 | Money Management, Running a Business |
The age-old conundrum of running a business; time versus money. Is your business so new that you don’t have enough clients to occupy all of your time and so no money to get them quickly? if so, you are not the first or the last to be in such a situation. Do you have...
by Leif Jensen | Aug 1, 2022 | Running a Business |
I like to believe that I am my clients “Most trusted advisor” and not just their tax preparer. But I do have a couple of clients that act as if I were a commodity, that that I am no different from a garage preparer with a Turbo-Tax package filing multiple returns....
by Leif Jensen | Jul 28, 2022 | Running a Business |
This article continues the discussion on Structure, specifically as it relates to team performance. However, before we pick up where we left off last time with the remaining key approaches used by successful teams, I believe it’s important to set the record straight...
by Leif Jensen | Jul 27, 2022 | Running a Business |
Blue ocean is an entrepreneurship industry term created in 2005 to describe a new market with little competition or barriers standing in the way of innovators. The term refers to the vast “empty ocean” of market options and opportunities that occur when a...
by Leif Jensen | Jul 26, 2022 | Running a Business |
Ransomware has become the most common type of malicious software. it works by infiltrating computers and locks them down until a ransom is paid. The frequency, severity and sophistication of ransomware attacks in the U.S. skyrocketed in 2021. There were about 420...
by Leif Jensen | Jul 25, 2022 | Running a Business |
We had a client last tax season that had a problem and they insisted that needed fixing. They had a company that they stopped paying for the annual report on a couple years before. So the state involuntarily dissolved the corporation. They could reopen the...
by Leif Jensen | Jul 21, 2022 | Running a Business |
The last article introduced the concept of Organizational DNA and its four building blocks. This article focuses on two of the four blocks: Structure and Decision Rights, with specific attention to the design and power of teams in executing your mission and improving...
by Leif Jensen | Jul 20, 2022 | Investing |
This year I have noticed that more and more clients have holdings at multiple brokerage firms. Typically, you can squeeze a better deal on costs and fees, if one hold most or all of your assets. I asked one gentleman why? He explained that while he makes most of his...
by Leif Jensen | Jul 19, 2022 | Taxes |
I have and am now working with a new client that have sold three properties that have been nearly fully depreciated. Two were sold in 2021 and one in 2022. They were unaware of the fact that you have to recapture the depreciation that they have been enjoying for...
by Leif Jensen | Jul 18, 2022 | Taxes |
I have had a number of clients who sell their buildings and then call me up and want to talk about setting up a 1031 exchange, since they don’t want to pay the taxes on the huge gains they just made. A 1031 exchange is a real estate investing tool that allows...
by Leif Jensen | Jul 13, 2022 | Taxes |
We have had a number of clients upset because they don’t qualify for the Illinois Senior Freeze. As we know HOUSEHOLD income cannot be over $65,000. Now this is not taxable income or adjusted gross income. This is all income; most seniors have a portion of Social...
by Leif Jensen | Jul 12, 2022 | Retirement |
The dreaded 72-T calculation, who is doing yours? I ask that question, because we picked up a new elderly client this past tax season and she expected me to do the calculation for her. Having been compliance for a group of financial advisors in a past life I know...
by Leif Jensen | Jul 11, 2022 | Rant |
Years ago, the Social Security Administration when you reached a certain age used to send out statement just before people’s birthdays showing projections on how much Social Security they would be receiving at various levels. They stopped the practice of mailing out...
by Leif Jensen | Jul 7, 2022 | Running a Business |
Having the right mindset is a critical foundation to running a business. On a typical day, close to 60,000 thoughts will cross your mind, and that same phenomenon will occur within the minds of everyone with whom you work. The question is, How will you harness the...
by Leif Jensen | Jul 6, 2022 | Running a Business |
The market for cyber insurance is booming. It apparently is the fastest-growing segment of property and casualty insurance market. Cyber insurance covers the losses relating to damage to, or loss of information from, IT systems and networks. Policies generally include...
by Leif Jensen | Jul 5, 2022 | General |
In your business you have a number of projects that you need to accomplish, I was watching a webinar that broke out some details regarding “projects. It got me thinking about mine in a slightly more organized fashion. A “Project” is an individual or collaborative...
by Leif Jensen | Jun 30, 2022 | Running a Business |
The last article left you with three questions related to ethical conduct: Who am I? Who are We? (as a company) and What is the Company? Many small companies exist because of the vision of the original owner to do something differently or present new products to the...
by Leif Jensen | Jun 29, 2022 | Investing |
I was reading an article and in Pocket I found an article about what the 1% invest in their secrets should not be shared. The items are somewhat amusing. Famous art – like I had a shot at owning the auctioned DaVinci Corporate America’s Landlord – buy property that...
