by Leif Jensen | Apr 27, 2012 | General |
The only real chance to get any reward for the risk of running a small business is under attack yet again. The Democrats have proposed legislation that would start the crackdown on receiving a distribution that is not subject to a payroll tax involving S...
by Leif Jensen | Apr 22, 2012 | General |
Employer Vehicle Used for Both Business and Personal Use This is always on ongoing issue with clients. We ended up firing a client over this issue. We initially prepared his taxes without the vehicle expenses for his Schedule C since he was unable to and refused to...
by Leif Jensen | Apr 20, 2012 | General |
I do have to admit I continue to be amazed by the amount of inquiries I receive from potential new clients, immediately after tax season. The number one reason is the fact that their prior CPA ignored them during tax season. They call repeatedly because they have...
by Leif Jensen | Apr 18, 2012 | General |
Apparently with the Vietnam War needed additional financial resources, President Johnson was looking for looking under the couch cushions for more money to spend. When it was brought to his attention by an article in the Washington Post that in 1967, 155 (I have seen...
by Leif Jensen | Apr 18, 2012 | General |
Reform of our Federal income tax is long overdue. Special preferences in the law permit far too many Americans to pay less than their fair share of taxes. Too many other Americans bear too much of this tax burden. . . . We must reform our tax structure to make it more...
by Leif Jensen | Apr 15, 2012 | General |
Due to the decrease in resources and the possibility of even greater decreases the IRS is shifting its audit focus for businesses. The IRS plans to utilize less resources for the large major corporations (assets $250 million plus), it appears that they these companies...
