by Leif Jensen | Oct 21, 2024 | General |
Measurement metrics offer several crucial benefits to small businesses, serving as essential tools for tracking performance, guiding decision-making, and driving growth. Some key advantages include: Improved Decision-Making: By relying on data rather than intuition,...
by Leif Jensen | Oct 7, 2024 | General |
Generative AI utilizes large, versatile foundation models to create novel content such as text, images, music, audio, and videos. These powerful AI systems can multitask and perform a variety of out-of-the-box functions, including summarization, question answering,...
by Leif Jensen | Sep 16, 2024 | General |
Normally, the passive loss rules bar deducting rental real estate losses. But there are two exceptions. The first is for real estate professionals who spend more than 50% of their working hours and over 750 hours each year materially participating in real estate as...
by Leif Jensen | Jul 15, 2024 | General, Taxes |
If you file your taxes late in the U.S., you may face two primary penalties: the late filing penalty and the late payment penalty. Late Filing Penalty – The penalty for not filing your tax return on time is 5% of the unpaid taxes for each month or part of a...
by Leif Jensen | Jul 1, 2024 | General |
This year we have worked on more amended returns than ever before. We have picked up a few new temporary client ranks, because the clients rushed to do it themselves to come to us for the amended return. Now the software is not their friend, and that rogue K-1 is...
by Leif Jensen | Mar 13, 2024 | General |
Elk Grove has plans for growing its industrial park in prominence. Elk Grove Village has plans to become the largest server farm in the country. It started with a tenant in a complex on Higgins not far from my office. The business liaison explained that the first...
