by Leif Jensen | Nov 23, 2021 | Economy, Employees, Running a Business |
Have you seen those cheesy Amazon commercial, where people are making all sorts of demands from an employer before they will deem to work for them? We all know that there are people who just don’t want to work. Well businesses have solutions to all of these people,...
by Leif Jensen | Nov 22, 2021 | Investing |
Have written before about Bitcoin and virtual currencies. I am not a fan. People whom I expected to embrace virtual currencies are avoiding them and other are embracing them, who I thought would never touch them. But now investors now have a new option for gaining...
by Leif Jensen | Nov 17, 2021 | Running a Business |
I am having unusual conversation with my logistic clients. They are living a nightmare. The work is there for the taking, but they can’t take is because they don’t have the trucks, or they don’t have the drivers. Retailers this holiday season simply can’t keep up...
by Leif Jensen | Nov 16, 2021 | General |
There are some fun things that are going to impact all of our 2022. The supply chain is still bottlenecked and will take a good deal of time to straighten itself off. Remember that stuck container ship in the Suez Canal, it got worse from there. On 28 March, 2021,...
by Leif Jensen | Nov 15, 2021 | Rant |
Running a major sports team is an expensive endeavor. Most teams are not bringing in the big bucks especially in smaller markets; fewer still are profitable. Instead of following normal business protocols, reducing expenses they are looking at increasing revenue,...
by Leif Jensen | Nov 10, 2021 | Rant |
There is now a old/new way to force new technology sales. Is your phone more than a few years old? You may need to upgrade, fast. 3G is scheduled to be fully turned off next year, affecting millions of phones and owners who are happy with what they have. Also other...
by Leif Jensen | Nov 9, 2021 | Running a Business, Taxes |
S corporation owners that pay themselves low salaries should and will be a bigger IRS target, according to Treasury inspectors. Many S corporation shareholders take low salaries, so the bulk of their profits are passed through to their own 1040 individual returns free...
by Leif Jensen | Nov 8, 2021 | Taxes |
S corporations’ owners can blunt the impact of the 3.8% surtax on unearned income. Shareholders who materially participate in the S corporation’s operations generally aren’t subject to the 3.8% surtax on their allocable share of the firm’s income or on distributions...
by Leif Jensen | Nov 3, 2021 | Tax Court, Taxes |
We are all aware that the IRS uses ratio analysis to determine further scrutiny for their investigations. So taking higher-than-average deductions on Schedule A is an audit red flag if your write-offs are disproportionately large when compared with income reported on...
by Leif Jensen | Nov 2, 2021 | Tax Court |
It’s seems the government can garnish a criminal’s 401(k) to pay restitution, according to an appeals court. A man who pled guilty after embezzling money from his employer was sentenced to prison and forced to pay monetary restitution under the Mandatory Victims...
by Leif Jensen | Nov 1, 2021 | Estate Planning |
I have to say, I get my motivated to accomplish some tasks done in the oddest ways. I have had a client pass earlier this year and their spouse had been handed a mess. There was no will or trust in place. There was property in three states. To make matter more...
by Leif Jensen | Oct 27, 2021 | Economy |
The battle has begun for the next frontier of the industrial revolution, mineral rights. Mineral rights for specific minerals will be the driving force in the next level of the information and transportation revolution. Were you aware that there has been a 500 to...
by Leif Jensen | Oct 26, 2021 | Rant |
My wife loves the cactus salad at “El Milagro”, but when I have asked lately if we should go get some, she declines. Chicago is too dangerous to go, is her response, she was born in Chicago and her father was a police officer. So I can’t say that I blame her, going...
by Leif Jensen | Oct 25, 2021 | Rant |
I find this quote fascinating. Its elegant in its simplicity. Then I turned it toward business, your competitors can be considered enemies. Granted friendly enemies. I have meetings regularly with my peers so we can shape and plan our individual futures with a peer...
by Leif Jensen | Oct 20, 2021 | Rant |
When I was growing up in the “Dark Ages”, I was informed that I was going to college. My parents had issued a dictate and I was bound to follow. That is no true today. Today it seems natural that many young men who are wrapping up high school wouldn’t feel the...
by Leif Jensen | Oct 19, 2021 | Rant |
I heard this story on the radio and then I went in to look at the details a bit more. I believe this shift has been more dramatic occurred within the past ten years or so. At the close of the 2020-21 academic year, women made up 59.5% of college students, an all-time...
by Leif Jensen | Oct 18, 2021 | Banking |
Federal Financial regulators want more data on lending by banks to small firms. Forcing those same small firms to provide more and more information to get access to cash to grow their businesses. The Consumer Financial Protection Bureau is proposing a rule that it...
by Leif Jensen | Oct 13, 2021 | Rant |
I know I’m a thousand years old, but I don’t think technology has the boom we think it has been. Information is easier to access. Great A more violent society. Bad, but not completely attributable to technology Less interpersonal communication. Bad No down time. Bad...
by Leif Jensen | Oct 12, 2021 | General |
I have to admit I was unaware that upon the death of Forrest Mars Sr. (1999), he and his two sons were ranked No. 29, 30, and 31 by Forbes magazine’s list of richest Americans, and they each had a worth of approximately $4 billion. I never paid much attention to...
by Leif Jensen | Oct 11, 2021 | Taxes |
Do you contribute to a Traditional or a Roth IRA? The idea behind the investing in a Traditional IRA is that your tax rates will be less when you are retired. Most of our clients did not believe us when we explained that this is a fallacy, that they will be roughly...
