by Leif Jensen | Oct 8, 2019 | Investing, Retail, Running a Business |
Do you know anyone that owns a Tesla or a Hybrid? They are becoming more plentiful on the road. Which is causing a problem for a sector of business. Gas stations across the country are now facing a significant long-term problem; the rise of electric vehicles and...
by Leif Jensen | Oct 7, 2019 | Running a Business, Taxes |
Banks are rushing to meet a 2020 deadline for a new bookkeeping rule. They will need to estimate possible losses on a loan when it’s originated. Under today’s accounting rules, banks don’t book loan losses until they have evidence that a loss will occur. This change...
by Leif Jensen | Oct 1, 2019 | Advertising, Running a Business |
“Accountants suck at marketing for the same reason that makes them great accountants: They’re highly rational people” -Blake Oliver This is true, I can attest to this as a CPA running his own business. I am much more comfortable talking to a client about their long...
by Leif Jensen | Sep 30, 2019 | Running a Business, Taxes |
While some states taxing authorities are urging the IRS to pick up the pace on giving them W-2 data. Others like Illinois are requiring that the data be entered on the My Tax Illinois website. Employers are required to file W-2s with the Social Security...
by Leif Jensen | Sep 25, 2019 | Advertising, Running a Business |
We recently picked up some work from a new client. They needed some assistance with their Chicago Use Taxes. When questioned why they sought us out, we were informed that their CPA was not interested in assisting them with the issue. They had been unwilling to...
by Leif Jensen | Sep 23, 2019 | Running a Business, Taxes |
This tax season we picked up a new tax client. This person is apparently an independent contractor. Based upon the facts of the case, I disagree. I believe this person to be an employee and that his employer has him paid as an independent contract to save on the...
