by Leif Jensen | Apr 26, 2022 | Banking, Money Management, Running a Business |
How often do you reconcile your bank accounts? What about your brokerage accounts? I am working with a business that has neglected their cash and investment accounts for several years… I only have bank accounts in my businesses, and I seemingly don’t like to keep...
by Leif Jensen | Oct 18, 2021 | Banking |
Federal Financial regulators want more data on lending by banks to small firms. Forcing those same small firms to provide more and more information to get access to cash to grow their businesses. The Consumer Financial Protection Bureau is proposing a rule that it...
by Leif Jensen | Sep 14, 2021 | Banking |
Money laundering is the process of changing large amounts of money obtained from crimes, such as drug trafficking, into origination from a legitimate source. So with that in mind traditional currency poses problems of its own for investigators. Bank notes are...
by Leif Jensen | Sep 8, 2020 | Banking, Running a Business, Taxes |
I am going to harp on this on final time. PPP Forgiveness of the loan will be deemed tax-free. However, to business owners who take the loan will not be able to write off expenses that would otherwise be deductible if they use those PPP funds to cover the cost and...
by Leif Jensen | Apr 27, 2020 | Banking |
I have a client who was looking for guidance on how to tackle the SBA assistance programs PPP and EIDL for his situation. He is an independent contractor as his main source of income, and he has been sidelined with the coronavirus. With no income coming in he is a...
by Leif Jensen | Mar 9, 2020 | Banking |
Banks always had an unusual way of doing things. Especially growth under the control of Glass-Stegall. The Glass–Steagall Act was a 1933 law that separated investment banking from retail banking. Investment banks organized the initial sales of stocks, called...
