by Leif Jensen | Jul 2, 2019 | General |
The new lease standard went into effect earlier this year. The idea behind the standard is to focus on increased transparency and comparability – providing financial statement users with more information about an entity’s leasing activities. From now on the lessee...
by Leif Jensen | Jul 1, 2019 | General |
Having been married over 30 years and with my wife for 35 years, so I have no idea what is involved with dating in this century and not a whole lot from the last. So, I was more than a little shocked on the statistic that more than 40% of adults say knowing someone’s...
by Leif Jensen | Jun 26, 2019 | General |
As a student of history, I know that there have always been those that have and those that have not, in just about every time period and throughout the world. So, the results of a recent study results are not as striking to me as they were to others, despite how...
by Leif Jensen | Jun 25, 2019 | General |
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,...
by Leif Jensen | Jun 24, 2019 | General |
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...
by Leif Jensen | Jun 19, 2019 | General |
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...
by Leif Jensen | Jun 18, 2019 | General |
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...
by Leif Jensen | Jun 17, 2019 | Uncategorized |
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...
by Leif Jensen | Jun 12, 2019 | General |
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...
by Leif Jensen | Jun 11, 2019 | General |
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...
by Leif Jensen | Jun 10, 2019 | General |
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,...
by Leif Jensen | Jun 5, 2019 | General |
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...
by Leif Jensen | Jun 4, 2019 | General |
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...
by Leif Jensen | Jun 3, 2019 | General |
My wife and I have been watching Jeopardy for a while now. We have been watching Holzhauer change the way the game is played. Most players typically play the game like I gamble. They play to not lose, not to win. Holzhauer, plays to win and his strategy is...
by Leif Jensen | May 30, 2019 | General |
My kids introduced me to a farcical reality show “Bar Rescue”. We all know that it’s staged. It is too formulaic to be real. But I as always am interested in the financial aspect of business even if it is just illusions. The amusing or sad part of the show is that...
by Leif Jensen | May 29, 2019 | General |
We now have two Presidential candidates talking about forgiving student loans and making college free to all. Am I the only one really annoyed by these ideas? I have paid and am paying tens of thousands of dollars for college for my kids. But once my kids are...
by Leif Jensen | May 28, 2019 | General |
We have all heard the expression “time is money”. Do any of us doubt this expression or disagree with it? All of our jobs are based on what we can do for someone else within a specific time frame for compensation. It does not matter if you are hourly, salaried or an...
by Leif Jensen | May 22, 2019 | General |
I have a client who has a very specialized service and has been successful from the very beginning. He has setup successful partnerships with the likes of Costco, Uber and restrauant.com. In an effort to bring their business to the next level, he made a deal with a...
by Leif Jensen | May 21, 2019 | General |
I have a client whose business has epic cycles of being slow or being swamped. From Thanksgiving to March they are slow, slow slow. But come late March or early April they are running overtime like nobody’s business. We have discussed the need for balance for...
by Leif Jensen | May 20, 2019 | General |
Are you one of those people who carry a credit card balance? I use my line of credit for any long term debt in my business. I never believed in paying credit card rates, so I never carried a balance. I am just too cheap… But I do know individuals and businesses...
