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...
by Leif Jensen | Oct 27, 2015 | General |
I have been dealing with clients who have a child in college and another chasing a certificate program. They have been talking to others and believe that everything will be tax deductible and are wondering what kind of refund they can look forward to. I have been...
by Leif Jensen | Oct 26, 2015 | General |
According to an AICPA study, students are overconfident about their ability to manage money. The majority of those in the study thought their management skills to be good or excellent. But less than 2 out of 5 follow a budget, nearly half had less than $100 bucks in...
by Leif Jensen | Oct 21, 2015 | General |
How old were you when you purchased your first home? We bought our first townhome when we were 25. But we married early and wanted to own and not rent. Which made us house poor much sooner than our friends and peers at the time. According to Zillow, the current age...
by Leif Jensen | Oct 20, 2015 | General |
The trend continues, small firms are expected to still provide about half of new jobs in coming months. This is defined by owners of companies, with 50 or fewer workers. Reports show that they will create an uptick in openings. Overall, it expected that approximately...
by Leif Jensen | Oct 19, 2015 | General |
I was reading an article the other week that was showing the investment requirements for a modern office. I must not have a modern office. I do not have all of these items available nor budgeted at the current moment. How does your office fare? Mobile technology 37%...
by Leif Jensen | Oct 14, 2015 | General |
The IRS has a new program that will allow them to get a jump start on businesses that miss payroll tax deposits. Using this new payroll tax initiative, the Service will notify a business by mail when its records show that the firm’s payroll tax deposits have declined....
by Leif Jensen | Oct 13, 2015 | General |
Have you ever thought of going to law school? Well just remember that law school expenses are not deductible, even for foreign-trained attorneys. A U.S. citizen in Germany took courses and got a license to practice law there. Later, he returned to the U.S. and...
by Leif Jensen | Oct 12, 2015 | General |
Apple and Samsung will shortly have more competition from China. China has cheaper smartphones coming, courtesy of manufacturers: Huawei, Xiaomi and ZTE. These companies apparently can churn out high-quality models for $300 or less. By comparison, Apple’s latest...
by Leif Jensen | Oct 7, 2015 | General |
Do you have annual employee reviews? Do you ever review your employees? In a new human resources trend, it seems that fewer companies doing annual reviews of employee performance. Already, 6% of Fortune 500 firms have ditched the process, and many more are likely to...
by Leif Jensen | Oct 6, 2015 | General |
New proposed regulations will force small businesses to ramp up their IT spending, whether they want to or not. The biggest costs will come from necessary upgrades to their systems and their hardware in a bid to secure information and keep hackers. This has worked...
by Leif Jensen | Oct 5, 2015 | General |
At a recent seminar I was exposed to a concept that terrified me greatly. There is a tax reform proposal that the GOP is working on for the 2017 fiscal year. The revocation of all S-Corp elections! Never mind that the S Corps continue to be the most prevalent type...
by Leif Jensen | Oct 2, 2015 | General |
I speculated that there would be no Fed rate hike in September, but there will be one in December. So I am now in line with eighty-four percent of economists as surveyed by Bloomberg (woo-hoo). They also expect an initial interest-rate increase in December, according...
by Leif Jensen | Sep 30, 2015 | General |
I am not a fan of “debit cards”. I have one, but seldom carry or use it. First off since I seldom have it I cannot use it. But that is not the reason. If you lose your “debit card” you can lose everything in your account up to and including your overdraft...
by Leif Jensen | Sep 29, 2015 | General |
We hear about the “middle class” all the time. Most of our clients believe themselves to be the “middle class”. Unfortunately I have to tell them that they are not the “middle class”. According to their income they are the wealthy, that scorned group that does not...
