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Illinois Exodus

This tax season has been interesting from a planning aspect. I have had multiple clients expressing the desire to “get out of Dodge”.  They are seriously looking into fleeing Illinois.  I have to admit that I don’t blame them, but I am stuck here because my...

Payroll Tax returns

Did you know that you are required to keep your payroll tax returns for 7 years?  We have a record retention policy on our website for your convenience: https://leifjensenassoc.com/wp-content/uploads/2016/04/Record-Retention-Policy-Tabled.pdf We had a client who...

The big squeeze

I was at a seminar for the Elk Grove Business Leaders Forum awhile back, under the old management and they had these three business owners presenting.  It was a great presentation. But one owner’s story keeps popping into my mind, how would I handle their...

E-tail options

In the E-tail arena, two options come to my mind.  The first is Amazon and the second is EBay.  Yes, there are other options for very small vendors like Etsy  or a sole site.  There may be 10,000 more sites but none come easily. Because of its...

Too big to fail.

As a reader, I have utilized Amazon as a primary source for books over the years.  But now that Amazon has decimated the publishing and retail market for books, the deals have dissipated. So I have had to start looking at other options, Walmart, Target, Barnes...

Insurance Review

When was the last time you reviewed any of your insurance policies?  That is except for the cost? When I was handling compliance and financial planning for a group of financial advisors I decided to learn from other people’s mistakes.  Have proper insurance...

Employee manual

Do you have any employees? Can I see you HR Manual? The first question is one that I often ask prospective clients.  The second question is asked if the answer to the first question was an affirmative. Then I am usually told that they do not have one in place. If they...

Governance Policy

One of the most important roles for a company’s Board of Directors is to set policy under which management takes action to manage the affairs of an organization. Yes, even for small start-up businesses. Corporate governance is the system of rules, practices and...

BOA/BOD

I am a believer in Boards. Whether they be a Board of Advisors or Directors.  Business owners, especially small business owners show not be making all of their own decisions.  They should be getting input for knowledgeable trusted advisors who have only their best...

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