by Leif Jensen | Aug 15, 2011 | General |
It seems the beginning of the end for Not-for-Profits may be starting. The IRS has started to scrutinize Not-for-Profit (NFP) reporting and then revoked thousands of NFP statuses. Then you have California reviewing what a NFP does for the residents of the state; to...
by Leif Jensen | Aug 15, 2011 | General |
Audits, conducted by Immigration and Customs Enforcement (ICE), a unit of the Department of Homeland Security, started by the Obama administration in 2009, put the onus on business to police workers. They require companies to turn over employee records to federal...
by Leif Jensen | Aug 14, 2011 | General |
The constant misclassifying of workers as independent contractors tends to increase the tax gap according to IRS studies show. The employees report a larger portion of their earnings than contractor; since contractor can deduct legitimate expenses such as phone,...
by Leif Jensen | Aug 14, 2011 | General |
I was discussing things with a client when I asked them how the were covered for life insurance. They informed me that they had plenty and they it was not an issue. They had 2 times their annual salary. When I then asked them a couple more questions, like how much...
by Leif Jensen | Aug 14, 2011 | General |
If your son/daughter or grandkid (emphasis on grandkid, parents have no money either) that was lucky enough to find a job, consider making a payin to a Roth IRA on their behalf. Since they probably spent their money. You can contribute up to $5,000, but not more than...
by Leif Jensen | Aug 10, 2011 | General |
We all know that the US owes a significant amount of money. The amount of debt has been a cause for much debate regarding the levels the reasons why, how to deal with it ans so forth. But one question not easily answered at least that I was aware of is where is the...
