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Articles to LIFT Your Life and Business

Embracing Abundance: Liberating Your Business from Money Dysmorphia and Fear

In the exhilarating journey of running a business, there’s an often unspoken challenge that many entrepreneurs face – the distortion of one’s perception of money. This phenomenon, referred to by Personal Family Lawyer® CEO and Founder, Ali Katz, as “Money Dysmorphia,” stems from deep-seated, often inherited fears and beliefs surrounding money. When Money Dysmorphia exists […]

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What the Debt Ceiling Extension Means for Small Business Owners

You may have heard the term “national debt ceiling” in years past, and if you’ve turned on the news at all in the past few months, you’ve definitely heard it. Although the national debt ceiling extension may feel like something far removed from the day-to-day operations of your business, it can significantly impact your daily […]

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How to Leverage Debt to Grow Your Business

Your business is your passion, your livelihood, and your legacy. You want to see it succeed and thrive, but sometimes that can be a difficult task. It requires a lot of resources to make your business grow – time, effort, and of course, money. And as a business owner, you know all too well how […]

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Embrace the Future: 5 Ways to Use AI for Your Small Business – Part 2

Last week, we explored two real-world ways you can use an AI language model to improve your small business from building efficiency to marketing your brand. This week I’m continuing the discussion to bring you three more ways to use AI to support your business. Plus, I’ll explain when to bring in professional (human) business […]

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10 Small Business Bookkeeping Mistakes

Keeping your finances in order is crucial for the success of your business. Even if you’re running a small operation, bookkeeping is a critical component that cannot be overlooked. While it may not be the most exciting task, it’s important to ensure accuracy to avoid costly mistakes that could hurt your business in the long […]

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Understanding The Difference Between A Cash Flow Statement And A Profit And Loss Statement

To run a business successfully, it is necessary to create various financial documents, including cash flow and profit and loss (P&L) statements. Doing this enables business owners to understand their business’s current financial health and make appropriate changes to improve company performance. Many business owners hire accountants to create these documents. Still, it can be […]

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5 Ways Your Personal Assets Could Be at Risk From Your Business Activities

One of the main reasons to up your business as a corporation or limited liability company (LLC) is to shield your personal assets from debts and other liabilities incurred by your business. Corporations and LLCs exist as separate legal entities from their owners, allowing the business to acquire assets, enter into contracts, and take on […]

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4 Financial Hacks To Kickstart Your Startup

Getting your business off the ground can be challenging in many ways. But perhaps the most challenging aspect of launching a startup involves funding your business in the early stages. Getting the cash flowing and keeping it flowing is the lifeblood of your operation. Without cash flow, you can’t pay your bills, hire your staff, […]

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Determining Reasonable Compensation For An S Corporation

Outside of personal liability protection, one of the primary advantages of setting your business up as a Limited Liability Company (LLC) is flexibility in how your company is taxed. And many business owners elect to have their LLC taxed as an S Corporation (S-Corp) to save money on payroll taxes.  By choosing to be taxed […]

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5 Tips To Reduce Your Expenses

When running a small business, every dollar counts, so it’s critical to keep a tight rein on your expenses, especially when you are just starting out and have limited revenue. If not monitored carefully, spending can quickly get out of control and put a serious strain on your operation’s financial health. Outside of hiring an […]

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Ways You Can Save On Company’s Tax Bill

In light of the pandemic, the rules and programs governing income taxes for businesses have changed numerous times over the last two years, which has caused confusion and headaches for more than a few business owners. And while many of the pandemic-inspired programs and tax breaks have already ended or will end soon, a few […]

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