by Leif Jensen | Sep 25, 2018 | General |
Issuing a fraudulent 1099 can cost lots of money. AN example of this was recently brought forth. A doctor received from the owner of his medical practice a 1099 form that reported an inflated amount of income. The doctor then filed a lawsuit in federal court. He...
by Leif Jensen | Sep 24, 2018 | General |
The common belief is that the IRS can only go back three years for audit. But there are circumstances when the IRS can go back more than three years to seek taxes. If more than 25% of gross income is omitted from a return, then the Service has six years to assess the...
by Leif Jensen | Sep 19, 2018 | General |
Privacy truly seems to be a thing from the past and now is a gossamer vapor of want and needs. According to Kiplinger we should all beware of free virtual private network apps proliferating in app stores. They believe that many are scams that swipe personal data, such...
by Leif Jensen | Sep 18, 2018 | General |
One of the side effects of being an active networker I get to learn about the horror stories of businesses that are not my clients. Learning about other company errors or mistakes that caused a downslide, may help me protect my clients by looking at similar early...
by Leif Jensen | Sep 17, 2018 | General |
I have to admit that I often still surprised when non-clients ask me detailed technical questions about their business. I have had people who work with a different CPA asks me questions because they feel I am approachable and their CPA is not. I know this because I...
by Leif Jensen | Sep 12, 2018 | General |
I am working with a client that recently closed their business. This client started with us after they had the business up and running. We offered to work with them at various levels, but in an effort to contain costs they because an annual client only. We were to...
