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Articles to LIFT Your Life and Business

Helping Employees Access Health Care While Easing the Burden on Small Businesses

In December 2016, former President Obama signed an important health care act that will help alleviate the burden of employee health insurance on small businesses. The 21st Century Cures Act will allow, among other things, small businesses to reimburse their employees for individual health insurance if they do not offer a group plan. For small […]

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Is Your Payment and Agreement Process Losing You Money?

If you get paid for a service, collecting payment is the lifeblood of your company. And, yet, if you are like most people, you’ve made it an afterthought. For example, I recently got a request from a client I’ve worked with a few times before to review her client agreement. Upon doing so, what I […]

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Are You Scrambling to Get Prepped For Your Taxes? Here Are Some Tips

While tax day here in the United States is not until April 15, if you own a business and you intend to follow the rules, you’ve already started scrambling. 1099s were due to your independent contractors February 1, and if you are filing an S or C-Corp tax return, it’s due March 15, and then […]

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Thinking About Small Business Bankruptcy? First Consider These Important Factors

Although often perceived as a worst case scenario, bankruptcy can be an appropriate way for small businesses to recover from unmanageable debt by reorganization, reducing personal liability or liquidating business assets. Sometimes small businesses (or their owners) must turn to bankruptcy when cash flow slows or business expenses cannot be met. There are three types […]

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Hiring? Great! Here’s How to Get Started with Your First Employee

Up until now, you alone have been running your small business. Now you need help. The moment when a small business owner decides to hire his or her first employee is one of triumph. Conversely, knowing how to start the hiring process can be a moment of confusion. If you’re ready to hire your first […]

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Millennials and the Family Business: When New Values Meet Old

Millennials are taking their places at office desks around the nation. This burgeoning generation is just starting out,which means changes for family businesses with millennial family members who stand to inherit the family business. Of course, this scenario raises certain concerns for baby-boomer business owners as they look to the next generation of workers. According […]

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How to Approach Buying an Existing Business

Buying an existing business is a great way to hit the ground running in the world of entrepreneurship. Because an existing business already has a legal structure, employees, a customer base, and is making a profit, you get to skip over one of the most challenging aspects of owning a business – starting it. But […]

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How to Save Big Money on Your Taxes This Year – Part 3

Welcome back to the final article in our 3 part series on how you can save big money on this year’s taxes.  Just a little time and effort focused on strategically reducing your tax burden can pay big dividends. In part 1, we discussed the first step in saving big on taxes: Strategize with your […]

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How to Save Big Money on Your Taxes This Year – Part 2

Welcome back to our series on how you can save big money on your taxes this year. Just a little time and effort focused on strategically reducing your taxes can pay big dividends. Last week, we discussed the first step in saving big on taxes: strategize with your tax advisor at key points during the […]

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How to Save Big Money on Your Taxes This Year – Part 1

It’s time for our annual series again — How to Save Big Money on Your Taxes This year. We run this series every year at this time because now is the time for you to take action and strategize big savings. It can be shocking to realize that your biggest personal and business expense, bar […]

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Do Your Employees Get a Mandatory Raise This December 1?

If your business is covered by the Fair Labor Standards Act (FLSA), you may be required to give all of your salaried employees who perform executive, administrative or professional (EAP) duties a raise. As of December 1, 2016, the new minimum wage for full-time salaried workers is $913 per week. Previously, the minimum wage was […]

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