by Leif Jensen | Feb 26, 2024 | Rant |
In the past I have been a member of a number of groups. I had spent a tremendous amount of time and never really got a lot of referrals. I thought of putting my own group together, one that would only, be businesses that focused on business owners. It was to include...
by Leif Jensen | Feb 21, 2024 | Rant |
I was talking to a gentleman, who lives north and travels over an hour to get to work each day –with the obvious return trip. I have a couple of clients looking for his skill set – either client would halve his travels. I offered to make an introduction. I was...
by Leif Jensen | Jan 31, 2024 | Rant |
It seems the race is on as to who can utilize AI the fastest in replacing humans in their jobs. Hollywood had two major strikes on the issue, kicking the can down the road from the imposition of AI into their work lives, without input. Sports Illustrated has deleted...
by Leif Jensen | Jan 8, 2024 | Rant |
Employee Retention Credit claims Taxpayers should be aware of aggressive pitches from scammers who promote large refunds related to the Employee Retention Credit (ERC). The warning follows blatant attempts by promoters to con ineligible people to claim the credit. The...
by Leif Jensen | Jan 3, 2024 | Rant |
If the IRS determines that fraud exists, fraud penalties could be applied to the additional tax accessed. The fraud penalty is an additional tax of 75% of the portion of the underpayment attributable to the fraud. Filing 941-X or 94-X will not necessarily alleviate...
by Leif Jensen | Dec 20, 2023 | Rant |
If you are claiming after the fact ERC refunds you need to amend filed payroll tax returns. The IRS has issued special statues of limitations for amending: For 2020 payroll tax returns, statute closes 4-15-24 For 2021 payroll tax returns, statue closes 04-15-25 If...
