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...
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%...
