by Leif Jensen | Jun 12, 2024 | Running a Business |
If you own and run an S-Corporation you are supposed to pay yourself a reasonable salary. Granted the IRS does not define reasonable salary, but there should be a salary. I work with a client whose son-in-law is retired and receives no Social Security, he had run his...
by Leif Jensen | May 8, 2024 | Running a Business |
As I was reading a biography om Hershey and Mars, I learned that three chocolate companies that were started in the late 19th century are still in existence. I was flabbergasted. Since the book was written in the 1990’s, I thought I needed to verify that they do...
by Leif Jensen | May 6, 2024 | Running a Business |
Most true entrepreneurs will crash and burn several times before they find the correct course for themselves. In fact, I feel that I cheated a bit, I slowly moved into my own business, it started as a side gig. Then, I had a worked as fractional CFO for a couple of...
by Leif Jensen | Apr 15, 2024 | Running a Business |
One of my clients recently had to let go of an employee who had some unpleasant business in their background. Their hiring process are lax and they had no reviews are ever done on any of the employees. I hope that they step up their process. For my lemonade stand,...
by Leif Jensen | Apr 8, 2024 | Running a Business |
I am reading a biography of the Mars and Hershey companies and their namesakes who ran the businesses. In both cases they were seeming always looking to the future of their businesses. In contrast, I have a client who is aware of a problem approaching in their...
by Leif Jensen | Mar 20, 2024 | Running a Business |
We currently use QB Accountant payroll for those clients we prepare payroll for. We are limited to 50 payrolls, and we are practically at that limit. So, we have all the fun of doing payroll as well as the quarterly and annual reports associated with payroll. This...
