by Leif Jensen | Aug 25, 2011 | General |
Damn, is it possible I will need to be fingerprinted again? The IRS is planning to roll out a fingerprinting process, which will likely impact the non-CPA staff of CPA firms who are considered non-signing preparers and are required to obtain a preparer tax...
by Leif Jensen | Aug 18, 2011 | General |
You have no privacy, if you believe that you do you are mistaken. Major websites are using tracking software from a company called EPIC. This has been used to track people’s online activities using powerful new methods that are almost impossible for computer users...
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...
