For the love of your business

Articles to LIFT Your Life and Business

Proposed Tax Laws Impact on Business Taxation and Estate Planning—Part 1

On September 13, 2021, Democrats in the House of Representatives released a new $3.5 trillion proposed spending plan that includes a wide array of changes to federal tax laws. Specifically, the Democrats have proposed a number of significant tax increases and other changes to fund the plan, including increases to personal income tax rates and […]

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Q&A How does the new email phishing scam that targets employee payroll work?

Q: How does the new email phishing scam that targets employee payroll work? —Concerned Business Owner ______________________________________________________________________________ A: Dear Concerned Business Owner: Known as “business email compromise” or “business email spoofing” (BEC/BES), these scams target businesses of all industry types and sizes. The emails typically impersonate a high-level company employee, like the CFO or CEO, […]

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3 Pitfalls To Avoid When Buying An Existing Business

Whether it’s your very first or your fifth company, if you’re looking to start a new business venture, you have two options: 1) build your own from scratch or 2) buy an existing one. And while many entrepreneurs dream of building their own company from the ground up, the reality is, launching a brand-new business […]

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The Big-Time Benefits Of Hiring Your Kids

One of the biggest benefits of running a family business is being able to employ your minor children. By hiring your kids, you have the opportunity to teach them the value of hard work, give them experience managing money, and support them to save for their future. In return, you get employees who have a […]

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Business Owners Beware: New Wave of Phishing Scams Target Employee Payroll

Employers should be on the lookout for a new email phishing scam that targets employee paychecks. The latest wave of attacks is a new version of wire fraud scams, which have recently hit businesses across the country. Known as “business email compromise” or “business email spoofing” (BEC/BES), these scams target businesses of all industry types […]

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Billionaire Banking Heir’s Cryptocurrency Fortune Disappears After His Death

In April 2018, billionaire Matthew Mellon flew by private jet to Cancun Mexico to check himself into drug rehab to deal with his addiction to opioid pain pills. But the 54-year-old heir to the Mellon Bank dynasty never made it to the rehab facility and was found dead in his hotel room after suffering an […]

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Q&A Will my homeowners insurance policy cover my home-based business?

Q: Will my homeowner’s insurance policy cover my home-based business? —Home Biz Bro ______________________________________________________________________________ A: Dear Biz Bro: You might think that your homeowner’s policy would protect a business run out of your home, but this is a common misconception. Homeowners insurance doesn’t offer coverage for any business property, including both equipment and structures used […]

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Achieve Rapid, Sustainable Growth Using Outsourcing, Processes, and Technology

Growing your small business can be tricky. In fact, rapid growth can actually harm your company if you don’t plan properly. When you are first starting out, for instance, you may not have the revenue to hire the staff needed to handle the increased business that rapid growth brings, and trying to do everything on […]

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Maximize Remote Team Engagement and Productivity With These 3 Strategies

In March of last year, the outbreak of the pandemic forced businesses across the country to abruptly shutter their offices and have their employees work from home. Initially, most thought the shutdown would last for a few months at most, but more than a year later, millions of people are still working remotely. The shift […]

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Misclassifying Employees As Independent Contractors Can Cost You Big Time

As more and more businesses take advantage of the benefits of using independent contractors (ICs) in lieu of full-time employees, the line between worker classification can get easily blurred. While understanding the difference between the two can be quite complex, getting it right can be one of the most important business decisions you’ll ever make. […]

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5 Mistakes To Avoid When Investing In Business Insurance

Business insurance is your first line of defense in protecting your company from a wide variety of different potential threats. Without the right insurance—or with too little of the insurance you do need—you could be at great risk from the costs of a lawsuit, judgment, or in the event of an unforeseen emergency or disaster. […]

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