by Leif Jensen | Jul 19, 2016 | General |
Have you ever wondered what the purpose of Qualified Plan audits? Uncle is looking for large participant loans are a key examination issue. During an audit, the IRS checks how plans handle loans, such as the time they allow for repayment and what happens upon...
by Leif Jensen | Jul 18, 2016 | General |
At this moment e-commerce sales are not now subject to sales tax collection for small out of state vendors. The basis for this is a Supreme Court decision that shields out-of-state sellers with no physical presence in the buyer’s home state from having to...
by Leif Jensen | Jul 13, 2016 | General |
How would you alter your business model if your main source of income was now illegal? You state it could never happen? Well remember prohibition? It may not be a real option that it could not happen, but are nimble enough to switch gears and stay in business?...
by Leif Jensen | Jul 12, 2016 | General |
I was introduced to a unique way looking at rationale for estate planning. The advisor quoted that there are only four reasons people typically do estate planning. Predators – sons and daughters in law, keep the cash away from them Outlive wealth – do not wish to run...
by Leif Jensen | Jul 11, 2016 | General |
When I am meeting with clients to do their tax planning for the next year, one of the items that I ask about is how up to date their estate planning documents are. It is surprising who has their done and who does not. If you do not have valid or up to date...
by Leif Jensen | Jul 7, 2016 | General |
This is becoming a growing topic of concern. I have been to two presentations where the accuracy calculations have been stressed. If you are working with a financial advisor they should be well informed on the rules and regulations. How the funds are titiled...
