by Leif Jensen | Jun 11, 2012 | General |
Receiving a Form 1099-C on discharged debt does not always mean you owe tax. In a recent case a man who owed on his credit cards failed to pay up, and the credit card company eventually wrote off his debt. More than 10 years later, a firm that acquired the rights to...
by Leif Jensen | Jun 11, 2012 | General |
The final deadline is quickly approaching to become a “Registered CPA”. Illinois has been a two tiered state and has been moving towards a single tiered state. What that means is that “Registered CPA’s” have passed the CPA exam but have not maintained the educational...
by Leif Jensen | Jun 7, 2012 | General |
Are you paying for the hiring and training? I had a meeting this morning with a business consultant from a networking group. During the meeting we were discussing who my competition truly is for clients. He classifies CPA’s into three categories. The first is the big...
by Leif Jensen | Jun 3, 2012 | General |
Last week I met with someone from a networking group. They mentioned that they are currently reviewing leaving the group due to lack of success. I knew that they wanted to meet with me regarding my lack of referrals. I have discussed their services with a few...
by Leif Jensen | Jun 3, 2012 | General |
CPA’s are considered to be clients most “trusted advisor” and I would have to agree with that. Within our core services we work as strategic partners that assist to provide solutions to complex problems by integrating knowledge, expertise and resources from multiple...
by Leif Jensen | May 31, 2012 | General |
I was meeting with a client today and as usual the conversation went into an odd direction. We got started on debit cards, now I am not a fan of debit cards. I dislike the fact that all you funds are at risk. I prefer using a credit card. She on the other hand was...
