Business · May 22, 2026
That moment right before vacation feels like relief. The bags are packed, the calendar is cleared, and for a second, you finally exhale. Then a quieter thought slips in: what happens to the business if you cannot come back next week? Not emails. Not meetings. Real authority. Payroll. Contracts. Client work. Most business owners have an out-of-office message, but no actual business incapacity plan. And the difference between those two things only matters when it suddenly matters most.
Business · May 15, 2026
Business feels good right now. Revenue is moving, summer is coming, and the pressure finally feels lighter. That is usually when business owners stop looking closely. Estimated tax deadlines get missed. Contractors start functioning like employees. Old operating agreements no longer match the company you are actually running. Growth can create a dangerous kind of confidence, because problems rarely show up while things are slowing down. They show up after you assumed everything was fine.
Estate Planning · March 23, 2026
Your retirement accounts may be your largest asset, but they don’t pass the way most people think. What looks like a simple beneficiary decision can quietly trigger forced withdrawals, higher taxes, and lost protection for the people you love. Naming the wrong setup isn’t just a paperwork issue, it can reshape the inheritance itself. And by the time your family feels the impact, the rules are already in motion.
Estate Planning · January 12, 2026
Have retirement savings? The SECURE Act 2.0 quietly changed how your loved ones inherit IRAs and 401(k)s, and how much they may lose to taxes. An outdated estate plan could leave your family with delays, confusion, and avoidable tax bills. This article explains what changed, common mistakes, and how proper estate planning protects your beneficiaries. Read the full article to be sure your retirement savings support the people you love, not the IRS, when it matters most Act now and review plan now
Business · April 08, 2024
Starting or expanding a small business brings critical financial decisions, notably choosing between a business line of credit and a bank loan. Each option serves different needs: lines of credit offer flexibility and repeated access to funds, ideal for managing cash flow or unexpected expenses, but often come with higher interest rates. On the other hand, bank loans provide a lump sum with lower interest rates, suitable for significant, one-time investments but lack borrowing flexibility.
Business · March 22, 2024
Selecting your business successor is more than a choice—it's a future-defining moment. Ensure your legacy flourishes by steering clear of common yet critical mistakes in the process. It's not just about replicating your leadership style but finding someone with the right vision, adaptability, and ability to connect with your team. Dive deeper into how to make this pivotal decision without compromising your business's future. As your trusted LIFTed Business Advisor, let me guide you through a sea
Business · March 15, 2024
As tax season rolls in, it’s crucial for small business owners to navigate the complexities of tax filing with precision. This blog highlights three common tax mistakes to avoid: miscalculating payroll taxes, misclassifying employees as contractors, and improperly deducting personal expenses as business expenses. With detailed examples and solutions, including the importance of clear payment policies and maintaining separate financial accounts, it provides actionable advice to ensure compli
Business · February 12, 2024
Building a business is a journey filled with passion and dedication, mirroring the love you have for your family. But have you pondered the future of your enterprise and the well-being of your loved ones in your absence? Our latest blog delves into the essence of succession planning, a crucial step not just for the longevity of your business but as a profound gesture of care for your family. It outlines the necessity of a clear strategy to ensure smooth transitions, safeguarding your legacy and
Business · February 05, 2024
Incorporating your children into your family business isn't just a smart financial move; it's a valuable life lesson. This strategy not only fosters work ethic and financial literacy in your kids but also offers significant tax savings. With the right setup, their earnings up to $13,850 are tax-free, fostering early savings while reducing your tax bill. It's a win-win: your business gains dedicated helpers, and your family enjoys more quality time together.
Business · January 12, 2023
Parents want their kids to work for them, but many are concerned about the potential of litigation from having minors on their payroll. But there are several benefits to hiring kids in your business. Learn how parents can keep their businesses strong, and kids gain the job experience they want without the risk. Read more...