by Leif Jensen | Dec 9, 2015 | General |
Who is a dependent? This used to be such a simple question. But as our live have become ever more complicated and our romantic entanglements split and shred it becomes ever more complicated Here is something from the IRS instruction manual to assist… Is Your...
by Leif Jensen | Dec 8, 2015 | General |
I personally like the idea of a voucher system for children to go to the schools that will best suit them and their parents. Yes, I have read the hundreds of long articles against vouchers written for or by educators whose jobs hang on the current system, and the...
by Leif Jensen | Dec 7, 2015 | General |
The premium tax credit (PTC) is a refundable credit that assists eligible individuals and families with low or moderate income to afford health insurance purchased through a Health Insurance Marketplace (exchange). To get this credit, you must meet the requirements...
by Leif Jensen | Dec 2, 2015 | General |
If you listen to certain radio stations or watch late night tv you probably have heard or seen the commercials, claiming that working with their company will allow you to pay the IRS pennies on the dollars for what you owe. Surprisingly this is not a complete scam. ...
by Leif Jensen | Dec 1, 2015 | General |
We encourage a number of clients who express feelings of being trapped in a job, need to generate more money or are looking for options to think about starting their own business. Some actually start businesses and many others don’t. For those who do we council them...
by Leif Jensen | Nov 30, 2015 | General |
We have a Christmas party. Yes I know that this is no longer a PC claim and PC police are now tracking my every move and post for further hearsay. Yes I have Jewish people tied to my office, yes they are invited. No they are not offended. But they are currently...
by Leif Jensen | Nov 25, 2015 | General |
As we start the wind down of the year. Now is the time to act on tax issues and year end planning. Businesses should be making sure that they have valid up to date W-9’s for all of the Independent Contractors that are utilized. I am also talking about those whom...
by Leif Jensen | Nov 24, 2015 | General |
35% is acceptable… Apparently in a room of IRS managers a 35% hang-up rate is considered acceptable standard operating procedures for the IRS in not assisting tax payers and preparers with questions and concerns about the notices that were sent by the IRS. I received...
by Leif Jensen | Nov 23, 2015 | General |
The wealthy have made themselves invulnerable to lawsuits. As wealth managers have made fortunes by putting clients funds into Cook Islands asset-protection trusts, clients such as the Rothschilds and the lesser known wealthy families of the world have done. In...
by Leif Jensen | Nov 18, 2015 | General |
Oxfam is estimating that the top 1 percent of the world’s population will own more than 50 percent of the world’s wealth by 2016. Oxfam is an international confederation of 17 organizations working in approximately 94 countries worldwide to find solutions to poverty...
by Leif Jensen | Nov 17, 2015 | General |
Surprise, e-signatures are one of the fastest growing global practices, basically because of their convenience. What we don’t really know is whether people perceive e-signatures to be equivalent symbol of a traditional hand written signature. Unless you take the...
by Leif Jensen | Nov 16, 2015 | General |
On a recent Wednesday, I was with a client and we had to call the IRS to make sure that they received the forms we sent and make sure that everything was in place for their installment agreement. So we called the number on the last notice they received. This worked...
by Leif Jensen | Nov 11, 2015 | General |
There are many aspects of my bank that I really enjoy. No they do not give me free money, but like said I enjoy my bank. I don’t love it. But they do support seminars that provide CPE for CPA’s and all of the events are well worth mine and my staff’s time. They had...
by Leif Jensen | Nov 11, 2015 | General |
I was meeting with a couple of of my clients for the first phase of year-end tax planning. One of them made a mildly despairing remark about their skills. I quickly corrected her and then explained that these two women are the exception to the rule as far as...
by Leif Jensen | Nov 10, 2015 | General |
I was asked by a friend to attend a seminar for Real Estate investing. He had attended the free seminar before and wanted my perspective. So I went. The presenter tried all of the usual tricks on the audience. He stated that all investment decisions should be made...
by Leif Jensen | Nov 4, 2015 | General |
Usually when a couple of people start a business one knows how to make the product and the other knows how to sell the product. That may be a good beginning, but they don’t have someone who knows how to count the product. Obviously the making and sell of the product...
by Leif Jensen | Nov 3, 2015 | General |
Is your business model different from your competitors? Or do you do exactly the same thing in a slightly different manner? Most people think that their business is different from all the rest. But when pressed about what specifically makes it different they have...
by Leif Jensen | Nov 2, 2015 | General |
We recently accepted a presentation for CPE in our office. Shortly after the initial agreement some staff started to regret it. They keep trying to confirm how many were attending, even after all the employees confirmed. When we got to the day we had 5 people show...
by Leif Jensen | Nov 1, 2015 | Case Study |
We started working with a Northwestern Suburban manufacturer a few years ago. We were brought in because our predecessor was unresponsive to the client’s questions and concerns; they appeared to be fee centric only. So they never developed an appropriate...
by Leif Jensen | Oct 28, 2015 | General |
I was reading “Future Crimes” and I came across the section where GameStation.co.uk bought 7,500 souls with an amendment to their “terms of service” (ToS). The amendment to their ToS read: “By placing an order via this Web site on the first day of the fourth month of...
