by Leif Jensen | Mar 3, 2012 | General |
I was having a discussion with a client that I took over a couple of years ago, he utilizes QuickBooks for his accounting. His taxes were recorded on a cash basis, and I agreed with this methodology. But QuickBooks is factory set to Accrual Basis, so wen we were...
by Leif Jensen | Mar 3, 2012 | General |
Now is a good time if you owe the IRS for back taxes. At least from an interest rate standpoint. The current IRS interest rates will remain the same for the second quarter of 2012 at 3% for individuals and corporations under $100,000. The rate will be 5% on...
by Leif Jensen | Mar 3, 2012 | General |
Expect even more government scrutiny of prepares of tax returns. We don’t have nearly enough as it is already… But volunteer tax return preparers are the next immediate targets, in light of a recent incident involving a false return prepared at a volunteer site. A...
by Leif Jensen | Feb 26, 2012 | General |
Ok,, so I’m in a restaurant on Friday. It’s in a neighborhood known for its high percentage of Hispanic residents. As I’m paying the bill, I noticed a couple of tables taped behind the register. Being the nosy individual that I am I read the not so small print. I...
by Leif Jensen | Feb 26, 2012 | General |
It’s has been a long while since I took some hacking classes for CPE. It was interesting to crack passwords by throwing the dictionary at it. But times have changed and symbols are now in play. Because it is now more important than ever to come up with intricate...
by Leif Jensen | Feb 25, 2012 | General |
Electronic pickpocketing, this is a concern of bankers. Or at least one that I had lunch with a few months ago. Banks typically the issuer of credit cards have more at risk than the consumers. A quarter of us now carry at least one credit card that transmits data...
