How To Trademark Your Business Name & Logo
LYFE Accounting Blog
by Keran Smith
2y ago
Today, we are learning all about trademarks.  What are trademarks? What are the common trademark misconceptions? Is it even worth trademarking your name and if so, what are the exact steps you need to take to get a trademark? Keep reading because in this post, we’re going to uncover everything you need to know about how to trademark your business. Let’s get right into it.  What is a Trademark?  A trademark is a word, logo, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of the others.  Trademarks and issued an ..read more
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12 Ways on How to Raise Money for a New Business (Grants, Loans & More)
LYFE Accounting Blog
by Sean Standberry
2y ago
How to raise money for a new business? So, what do you do when you have an amazing business idea, but no money to fund it? Well, unless your uncle is someone like Warren Buffet then you’re going to have to figure out how to raise capital.  And of course, raising money is one of the biggest challenges any new or established entrepreneur may face.  But spoiler alert: while raising money may seem difficult, there are more ways than ever before to get funding for a business, and getting capital is a lot easier than you may think.  So in this post, we’re going to give you 12 of the ..read more
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How to Deduct and Write-off Almost Anything from Your Taxes
LYFE Accounting Blog
by Sherman
2y ago
Look, taxes are the single greatest expense that most people will pay over the course of their lives. Not your dream house, not your dream car, or any other tangible thing you can put your hands on. It’s taxes.  Believe it or not, taxes are evading almost every single part of your life. You pay taxes on your income, on your purchases, the property you own, and so much more. But what if you could write off almost anything that you purchased? What if we told you that taxpayers are leaving millions of dollars on the table by not taking full advantage of the tax code? Look, there are over 80 ..read more
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Billions of Government Contracts for Small Businesses
LYFE Accounting Blog
by Sherman
2y ago
Today, we want to share some breaking news with you regarding government contracts. According to the SBA, the federal government just handed out over $145 billion dollars in government contracts for small businesses. For some context, this exceeds what the government spent in the prior year by over $13 billion dollars. The federal government is clearly ramping up its spending to protect the backbone of the economy – small businesses. And for thousands of entrepreneurs, this spending turns into revenue that they can use to build wealth and increase profits. So if you want a piece of the pie ..read more
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How to Fix a Bad Credit Score Fast and For Free
LYFE Accounting Blog
by Keran Smith
2y ago
In just a moment, we’re going to show you a reliable set of steps to fix bad credit fast.  This post is for you if you have no credit, bad credit, or just want to boost your scores as high as humanly possible. Probably similar to you, most parents never told their kids about the importance of good credit or what it takes to boost your credit score… …and the truth is that, having bad credit is downright expensive.  Not only are you denied the best credit cards out there, but you also get the worst terms on car loans and home loans. Or you may not be able to qualify for a car loan, ho ..read more
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New SBA PPP Loan Forgiveness Portal | Apply for Forgiveness Easier
LYFE Accounting Blog
by Krystal
2y ago
The SBA recently launched a direct PPP loan forgiveness portal in an effort to streamline the loan forgiveness process. This is really good news, in our opinion, especially if you applied for the first or second draws of the Paycheck Protection Program. We know many of you have had issues applying for PPP loan forgiveness through your participating lender or bank.  And those issues range from them not accepting forgiveness applications or just not providing clarity on the forms required for forgiveness. It’s honestly just been a hassle for a lot of business owners to successfully ge ..read more
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PPP Loan Forgiveness Deadline is September 2021
LYFE Accounting Blog
by Sean Standberry
2y ago
The PPP loan forgiveness deadline is quickly approaching for anyone who got the first round of PPP in April or May.   In fact, the PPP loan forgiveness deadline will likely be August 2021 or September 2021, depending on when you exactly received your loan. So, you have about 1-2 months to apply for PPP loan forgiveness if you haven’t already.  Interestingly enough, according to the SBA, as of May 24, 2021, nearly 2 million small businesses have yet to submit their PPP loan forgiveness application. Out of 5.2 million loans given, that’s nearly 40%!  And we have a feeling th ..read more
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Stocks vs. Real Estate Investing – Which is Better in 2021?
LYFE Accounting Blog
by Sherman
2y ago
In today’s post, we’re going to settle the great debate once and for all – and that is the answer to one question: Which is the better investment – stocks vs real estate? Read until the end of this post for the pros and cons of both, and our opinion as someone who has invested and advised people in both asset classes. It’s no secret that real estate investing has created 90% of the world’s millionaires. And right now, there are over $95 trillion dollars invested in the stock market, which is a whole lot of money. Which is Better- Stocks vs. Real Estate Investing? So which is better between st ..read more
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A Guide on How to Hire Your Kids and Pay Less in Taxes
LYFE Accounting Blog
by Krystal
2y ago
If you have kids under age 18 and a business, then you have a huge opportunity to save on taxes. And that is by hiring them in your business and placing them on the payroll. That’s right, hiring little billy and sally as employees in your business will not only save you on taxes… …but the money you pay them can go directly to child expenses like clothes, school supplies, college savings, and much much more. And we mean why not involve your kids in your business, show them the ropes, and teach entrepreneurship? All while saving thousands of dollars on taxes. We actually recommend this a lot to ..read more
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Best Credit Cards for Bad Credit [Instant Approval]
LYFE Accounting Blog
by Keran Smith
2y ago
Today, we’re going over the best credit cards for bad credit and building credit. Because having little to no credit can make it tough to find credit cards with great approval odds, and being denied a credit card can make your credit worse. But here’s the truth! If you currently have bad credit or little to no credit, there are options available for you with very high chances of approval. That’s even if you have a credit score between 300 and 629. And when you combine the right card with superb habits, you have the best formula for building great credit. By the way, if you want to learn how t ..read more
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