For the love of your business

Articles to LIFT Your Life and Business

Writing Off Start-Up Costs

One of the biggest benefits of owning your own business is being able to write off certain expenses to lower your annual income tax liability. When done right, writing off business expenses, especially when they are investments in things or experiences you would invest in even if you did not have your business, is a […]

Read More

Is Your Small Business Being Audited? Stay Calm and Read On

Audits can happen to any business. Small businesses are no exception. The IRS can conduct an audit on your business when your tax filing contains questionable deductions, your business is of particular interest to the IRS or by random selection. Contrary to popular belief, being audited doesn’t necessarily mean you did anything wrong. And for […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

Tax Lessons for Your Business, Courtesy of the Clintons!

In anticipation of the election and in response to public demand, Hillary and Bill Clinton have released their 2015 federal tax return. Tax returns have been a hot topic this year, as candidate Donald Trump continues to refuse to release his tax returns. What can you learn from reviewing the Clinton’s tax returns about how […]

Read More

Strategy Inside: Now is the Time to Plan to Reduce Your 2017 Tax Bill

While it’s only October or November when you are reading this, now is the time to plan to reduce your tax bill for 2017. By December, it’ll likely be too late. And by the time January comes around, you will have likely missed out on your best tax saving opportunities. So, how can you best […]

Read More

Looking for a licensed Creative Business Lawyer®?