by Leif Jensen | Jul 19, 2010 | General |
I recently read a dull article in Crain’s Chicago Business regarding multipreneurs. Granted this was the first time I read the phrase, but it does define a number of clients and myself. The only definition I found was on Small Biz Sizzler which was: “A multipreneur...
by Leif Jensen | Jul 11, 2010 | General |
Outliers was definitely an interesting book. I actually stopped reading it from time to time to reflect and absorb the information. It uncovers the stories behind the success. It helps explain that it is the time and opportunities help to determine success as much...
by Leif Jensen | Jul 11, 2010 | General |
On July 6th 2010 this site had it’s highest viewership yet. 106. Considering that the highest daily viewing before was no where close. I am just shocked and am wondering if it is incorrect or a fluke. Either way thanks for looking.
by Leif Jensen | Jul 11, 2010 | General |
For all who have been investing in the stock market for the last ten years know; or should know. The Dow Jones Industrial average at January 4, 2000 closed at $10,921.92 and closed January 4, 2010 at $10,856.63. So we all experienced no growth for a 10yr period. ...
by Leif Jensen | Jul 11, 2010 | General |
I was talking to a client last week that was asking both his financial advisor and myself, when to start taking his Social Security. Lets take a step back and look at Social Security from a historical perspective. When FDR was president and he started implementing...
by Leif Jensen | Jul 11, 2010 | General |
A couple of clients have been asking for the distinctions of possible retirement savings plans, I hope this basic listing helps. SEP A SEP is a Simplified Employee Pension plan. Because this is a simplified plan, the administrative costs should be lower than for...
by Leif Jensen | Jul 6, 2010 | General |
To all taxpayers out there beware of Congress, if they do nothing regarding the Bush tax cuts. You know those tax cuts that were only for the rich that cut the bottom rate from 15% to 10%. If the current administration does nothing the bottom tier of the tax rate...
by Leif Jensen | Jul 6, 2010 | General |
I now believe that everyone should run for government office. Get elected get the pension and medical benefits for life and then start your own business. We all cannot be worse than the worst ones out there and my be better than the best of them.
by Leif Jensen | Jul 6, 2010 | General |
With the current administration planning to change the way an S-corporation is taxes for service businesses, so all profit will be subject to self employment taxes we are coming to a crossroads. I have always been a strong advocate of starting a small business. But...
by Leif Jensen | Jun 16, 2010 | General |
Does anyone other than accountants use a 10 key? If so am I the only one that is annoyed that the 10key keypad does not match the keypad on a telephone? When I go from the 10 Key to the phone I always miss dial because the numbers are upside down. This also makes me...
by Leif Jensen | Jun 16, 2010 | General |
As graduation season comes to a close, I want to offer my congratulations. But, some graduates now have something looming six months in the future. The begin of student loan payments. The luckiest ones have jobs and circumstances that will not make this an issue. ...
by Leif Jensen | Jun 16, 2010 | General |
I was reading the article of the “Millionaire Cop Next Door” in Forbes. I had heard the news stories but it definitely hit home to see it in black and white (and read all over). Government workers now make more than 30% (average) than the private sector. This is...
by Leif Jensen | Jun 16, 2010 | General |
I was having a conversation with one of my employees this week about juggling money fro one account to another before some checks could go out. The client was surprised by this, why I don’t know. My receivables are up and clients don’t seem to have anymore money...
by Leif Jensen | Jun 8, 2010 | General |
I found this chart on Wikipedia, this is one of the more detailed breakdowns of the American classes that I have found. I don’t necessarily agree with the breakdown, but I am intrigued by it as well. But since I posted the IRS versions of who are the affluent, the...
by Leif Jensen | Jun 5, 2010 | General |
I have had a number of discussions with clients over the years on what to do if they were to win the lottery. One in particular was quite insistent that I do the math and post the results here. So here they are: I actually took this client’s file and processed it to...
by Leif Jensen | Jun 5, 2010 | General |
By Jason Fried and David Heinemeier Hansson. The people behind 37 Signals the software company. The book is a light and breezy read. Each section is typically no longer than a page and a half. It seems more like reading blog entries, which is probably what they...
by Leif Jensen | Jun 2, 2010 | General |
Do you only talk to your CPA when you have a question, or worse once a year when you are sending them your information? We try to talk to our clients as often as possible, this blog being just another method of communication. We try to touch base minimally quarterly...
by Leif Jensen | Jun 2, 2010 | General |
I am receiving reports that in 2011 Uncle Sam will be taxing S-Corporation profits for employment taxes. This has been on Congress’s radar for a while now, so it is not a complete shock. But it doesn’t make me any happier. But this will hurt a number of employers in...
by Leif Jensen | Jun 2, 2010 | General |
I have written about the coming 3.8% surtax for Medicare coming in 2013 (on investment income of AGI over $200,000 single and $250,000 joint). I have also written about the sale of a primary residence (Uncle is your partner on the sale, you are alone on a loss). ...
by Leif Jensen | Jun 1, 2010 | General |
A while ago a client asked if I could assist her with a problem; her receivables were growing and she did not have the staff nor the inclination to hire staff to deal with the issue. So I now have my staff making collection calls on behalf of my client. They make...
