by Leif Jensen | Dec 15, 2017 | General |
WASHINGTON ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage...
by Leif Jensen | Dec 13, 2017 | General |
Gross income is the total of your unearned and earned income. If your gross income was $4,050 or more, you usually cannot be claimed as a dependent unless you are a qualifying child. Tests for a Qualifying Child: The child must be your son, daughter, stepchild, foster...
by Leif Jensen | Dec 12, 2017 | General |
The IRS is finally wising up. Before when a couple divorced the first to file typically got the kids, even if they were not entitled. It would not matter what the divorce decree stated, the recourse was to go back to court and get the judge to force the claimant to...
by Leif Jensen | Dec 11, 2017 | General |
I have a client whose revenue is decreasing by sales erosion. A surprisingly large number of their clients have reduced their orders slightly year over year. So the total sales are now 4% less than the previous year. I have recommended that they monitor their...
by Leif Jensen | Dec 6, 2017 | General |
In the past I have had to fire clients for “willfulness”. That is paying other creditors with available funds and not making the timely payroll taxes which is an example of what the IRS terms as willfulness. There is no defense against willfulness. Not paying payroll...
by Leif Jensen | Dec 5, 2017 | General |
There were over 7,600 ransomware attacks reported to the Internet Crime Complaint Center (IC3) between 2005 and March 2016. The cost of these attacks exceeded $1.6 million. However the Kasperski Lab believes that the reported ransomware is much smaller than the...
