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...
by Leif Jensen | Aug 6, 2011 | General |
I am wondering if it would be possible to have an expiration date on every law, tax and amendment on the books. If the government was required to re-pass everything every 10 years or so, what would our laws look like? Would the poor laws of the past still be laws? ...
by Leif Jensen | Aug 6, 2011 | General |
During August which is a slow time for tax issues, businesses should be making sure that they have valid up to date W-9’s for all of the Independent Contractors that are utilized. I am also talking about those whom you do businesses with beyond the mis-categorized...
