(847) 690-9454 info@leifjensenassoc.com

Wrong person in the wrong position

Long ago, I was working with a NFP that was going through a transition period.  They sold their building, shed unprofitable programs and moved to a smaller more affordable space.  During all of this transition the BOD requested that one long time employee be retained,...

Taxpayer Bill of Rights

Did you know that you have taxpayer rights?  I didn’t think so, most people don’t. But each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The Right to Be...

Privacy

Surprising one of the mega companies has been bragging about their commitment to individual’s privacy. I know I was surprised. Apparently, Apple has been very vocal lately about its commitment to privacy.  This stance is new for Apple, especially as companies like...

Illinois

How do you warn people on a speeding train that is it headed straight towards a wall, and the engineer and conductor have protected only themselves? That is how I feel about Pritzker and Madigan and their approach toward taxes and fees.  Apparently, I am not the only...

Perception may be everything

100 years ago, when I was in college, I was out with friends and one of them brought an older sibling along.  I was working at Jewel at the time and we stopped at a co-worker’s establishment.  They had recently purchased an existing business, an Ice-cream shop. The...

Owner or Temp

I was meeting with one of my clients recently.  I always look forward to our meetings.  Talking to her gives me a greater perspective of what is going on in other places; since she travels around the country with a focus on DC and the east coast.  She comes in with...

Outside the box thinking

Thinking outside of the box is not easy.  You have to train yourself to do this, and you have to keep exercising these memory muscles to stay sharp. I know because I used to be an idiot unable to think beyond the box. I remember years ago sitting with one of my wife’s...

The imitator

There are times where the imitator becomes the dominant entity in the marketplace.  It has happened innumerable times throughout history. I was surprised when I found out about Hydrox and Oreo’s.  When I was a kid, I remember a time when my mother was home all day,...

IRS Elite

In 2009 the Internal Revenue Service created an elite unit of auditors, to go after the Top 0.5% of taxpayers.  It was believed that these people under pay the government $50 Billion a year, and the government wants the cash. In what was proclaimed to be “a...

New Car

It is getting to the point where my wife or I will need to get a new vehicle.  I hate this process and the lead-up to the process. When my eldest was small, I remember the dealer taking my car keys for the trade-in inspection and not wanting to return them., believing...

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