by Leif Jensen | Jun 17, 2012 | General |
The evils of cell phones usage in Illinois. It is currently not illegal to use your cell phone except for the following: school zones, highway construction zones; novice drivers or the city of Chicago. But more and more employers are prohibiting workers from using...
by Leif Jensen | Jun 11, 2012 | General |
It appears that the IRS has changed their policy on issuing tax ID numbers. This change is vexing tax professionals. The agency has decided that it will issue only one FEIN per day to requesters, down from prior five. This announcement came last month from the IRS....
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...
