by Leif Jensen | Apr 3, 2023 | Running a Business |
In the past I have written that if you don’t feel comfortable picking up the phone to talk to your CPA (attorney, banker, insurance agent, financial advisor) you are not in the right type of relationship and should change it. These five positions should be working to...
by Leif Jensen | Mar 28, 2023 | Running a Business |
When I started my business, the goal was to regain control over my future. It seemed that every time I had a child, a position was eliminated out from under me. So, I ventured forth with an idea more than a plan. Luckily, I had help all along the way. As I gathered...
by Leif Jensen | Mar 7, 2023 | Running a Business |
When you go to your doctor, dentist or even plumber, they do not bill you by the hour. They bill you based on the service they are performing. I was surprised when the orthodontist told me, that he and all the local orthodontists get together annually to set prices. ...
by Leif Jensen | Mar 1, 2023 | Running a Business |
I recently had a client meeting where I have been telling the client he is under billing for services, especially when he needs to utilize outside specialists. I gave him a basic formula to follow, it is far from perfect, but should set him up to get a better handle...
by Leif Jensen | Dec 6, 2022 | Running a Business |
The IRS has simplified per diems for lodging, meals and incidentals for 2023. Employees can get up to $297 tax-free daily in high-tax areas; $204 in other locales. Firms using this method can apply the new rates on Oct. 1 or wait until Jan. 1, 2023. For meals and...
by Leif Jensen | Dec 5, 2022 | Running a Business |
Surprise! A shareholder can’t deduct a payment made on behalf of an S corporation, according to the Tax Court. Two individuals, who owned all the stock in an S corporation, personally paid the company’s utility bill and property taxes and deducted the amounts on their...
