For the love of your business

Articles to LIFT Your Life and Business

PPP Loan Forgiveness and Tax Consequences

Now that many business owners are starting to see Paycheck Protection Program (PPP) approvals and funds hit their bank accounts, you may be wondering how to ensure the loan is forgiven and what the tax consequences will be. We’ve got some of your answers. First of all, let’s talk taxes. Last week, some business owners […]

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Take Control of Your Investments Now

Last week, we shared that the  CARES Act makes it possible for you to access money in your retirement account now to keep your business afloat without taxes or penalties. If you missed it, you can go back and read that article here. In that article, I  said that this could be a good time […]

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Another Way to Fund Your Business through the CARES Act

You may have heard the news that there have been 3 million applications for SBA loans through the recent CARES Act, to the point that the act has reached its funding limit of $349 billion. As a business owner who may have applied for the $10,000 EIDL grant only to later find it is actually […]

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How To Use Your Stimulus Money For Your Business

If you have not yet applied for your stimulus money, please read this article that I shared last week and get on that right away. As an update, some of what we are hearing is that Paycheck Protection Program (PPP) applications are being processed and banks are asking for the information to make loans under that […]

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How To Get Access To COVID Stimulus Money as a Business Owner

First and foremost, before I get into anything else today: if you have not already done so, and assuming you are reading this because you are a business owner, complete your application to get your $10,000 Economic Injury Disaster GRANT Money, now. Here’s the link, and I share more details about it below: https://covid19relief.sba.gov/ Okay, […]

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The Most Important Legal and Financial Actions To Take Right Now

Owning a business is challenging even in the best of times. Add a global pandemic, the likes of which we have never seen in our lifetime, and it becomes much more overwhelming. Often, business owners try to compensate for shortcomings in their business by bringing in more and more revenue. For many people, however, business […]

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5 Ways Startups Can Improve Cash-Flow Management

Although cash is the lifeblood that sustains every business, far too many entrepreneurs don’t have a proper handle on their cash flow. And this is despite the fact that statistics consistently show that running out of money is one of the primary reasons startups fold. Trying to run a business without meticulously managing your cash […]

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4 Advantages of Accepting Cryptocurrency As a Payment Option

With the proliferation of web-based mobile technology, consumers have come to expect a variety of digital payment options. From online payment platforms, such as PayPal and Venmo, to mobile wallet services like Apple Pay and Google Wallet, today’s business owners have a number of different payment systems to choose from. But perhaps the most innovative […]

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Questions and Answers About Sending 1099s For 2019

The end of the year is always a hectic time for business owners. Between managing your day-to-day operations, planning for the upcoming year, and dealing with the holidays, the period from Thanksgiving through the New Year can feel like a rollercoaster ride. Of course,  if you are properly handling taxes for your business, the end […]

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5 Best Practices For Complying With Your LLC’s Administrative Formalities

Limited Liability Companies (LLCs) are a popular business entity with many entrepreneurs. Like corporations, LLCs offer valuable personal liability protection for their owners. Unlike corporations, however, LLCs aren’t required to adhere to the same burdensome record-keeping requirements and other corporate formalities corporations must follow. That said, while the administrative requirements for an LLC are far […]

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4 Ways To Significantly Reduce Your 2019 Tax Bill

As we approach the end of 2019, you should be working with your bookkeeper and tax advisor to project your company’s year-end tax liability and implement strategies for saving as much money as possible. Most tax-saving strategies need to be in place before the end of the year, so make sure you get this process […]

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