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Articles to LIFT Your Life and Business

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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Do I Need Insurance to Minimize Cyber Risk?

Q:     Do I Need Insurance to Minimize Cyber Risk? –Concerned Business Owner A:      Dear Concerned: Companies of all sizes are experiencing major data breaches at a startling rate. Many businesses are fortifying their cybersecurity to reduce this vulnerability. Nevertheless, some companies need extra protection, especially those that hold particularly valuable or vulnerable assets. […]

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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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Trade Secret Law Reform: The Basics

Many businesses maintain an industry advantage through control and utilization of trade secrets. Be it a formula, a design, or a process, trade secrets can provide advantages over the competition. Not surprisingly, trade secret misappropriation is a serious concern for many businesses. Until recently, it’s been state law at the forefront of regulating and protecting […]

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Insurance Considerations for Small Businesses

Opening a small business brings excitement as well as uncertainty. As a small business owner you face many risks, but there are steps you can take to protect yourself against them. Obtaining insurance coverage is one big way you can protect your small business and help minimize many of the risks you face. The kinds […]

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Do I need to be worried about where my company might be sued?

Q:     Do I need to be worried about where my company might be sued? –Fretful Business Owner A:      Dear Fretful: As a business owner, you are smart to anticipate potential problems, and thinking about where your company might be sued (or, for that matter, where you might bring a lawsuit) is wise. Generally, […]

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What Happens to Your Business Facebook Page if You Die?

UPDATE: Since this was first written, Facebook has changed it’s process for creating Business Pages. An updated article on this topic can be found at “What Happens to Your Company’s Facebook Page When You Die?” If your business is on Facebook, you may wonder what happens to your Facebook page in the event of your […]

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Can a Married Employee Name a 401(k) Beneficiary Other than a Spouse?

It can be very difficult for you, as an employer to manage a 401(k) retirement plan for your employees properly. Federal law is replete with mandates, including when employee funds must be remitted and statements made available to employees. One area you may not have considered is how to handle a married employee’s 401(k). Federal […]

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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 […]

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