by Leif Jensen | Jul 27, 2015 | General |
How we got on the topic, I do not remember. But, I was having a discussion with banker and we got on the topic of bank robbery. I was joking that robbing a bank today would net you little to nothing. We no longer live in the days of John Dillinger. My banker stated...
by Leif Jensen | Jul 22, 2015 | General |
The independent contractor issue is getting more pressure and press for Uber, and many other companies. The Department of Labor is looking into the classification of independent contractor vs employees. The Department of Labor has rules in place and they are not new,...
by Leif Jensen | Jul 21, 2015 | General |
I have a client whom was late in filing their LLC return for a prior year. As part of our ongoing discussions I explained that there would be penalties for filing late. Below, I have included from the IRS’s website the calculations of these penalties: Late Filing of...
by Leif Jensen | Jul 20, 2015 | General |
It seems that times are definitely a changing… We are moving to the “Gig Economy”, the gig, or on-demand, economy is the new favorite business model that seems to be coming out of Silicon Valley these days. A few years ago there was a study by Intuit, in which they...
by Leif Jensen | Jul 15, 2015 | General |
Student loan debt continues to be a financial burden for more than just millennials. It seems that this problem is becoming a huge and growing problem for many aging Americans who are near or in retirement. According to the NY Fed, student loan balances among...
by Leif Jensen | Jul 14, 2015 | General |
This year, taxpayer identity theft took a maliciously clever turn and it seems that the IRS assisted them in this endeavor. The phony tax returns that were filed appeared to be very similar to the taxpayers’ previous years’ returns. So close that the standard pattern...
