Remove 2020 Remove Credit and Collections Remove Deductions
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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation. Do you need help improving cash flow?

Bad Debt 130
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Medical Debt: An American Struggle

RevCycle

According to the Kaiser Family Foundation, the average American family spent $28,166 on healthcare in 2020. Another reason why Americans have so much medical debt is that many Americans have high-deductible health insurance plans. One consequence is that it can damage credit scores. What are the consequences of medical debt ?

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Red Flags that Demand Your Attention

Your Virtual Credit Manager

Open Credit Terms dominate the Business-to-Business (B2B) marketplace. Photo by Jamie Street on Unsplash There are two types of credit risk that arise from selling on open credit terms: Customers paying beyond terms (past due) reduce your cash flow. Credit availability is shrinking. it just might help them pay you sooner!

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

Any enterprise extending credit to another business needs to have real treasury expertise. In addition to the effect of inflation, AR loses value as a result of profit dilution (when customers do not pay you the full invoice value due to payment deductions or disputes) and bad debt losses. Learn More About Credit Reports 5.

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Paycom Review 2020: Pricing, Features, User Reviews

Fundera

The Ultimate Paycom Review for 2020. Give employees 24/7 access to their pay stubs, scheduled earnings and deductions, and more through the Paycom self-service app. Use the Paycom benefits administration software to set up employee benefit plans, deduction amounts, enrollment dates, and waiting periods. HR Management.

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Self-Employment Taxes and SECA: Tax Obligations for the Self-Employed

Fundera

Since you’re not an employee, you don’t have an employer to deduct taxes from every paycheck. That’s a lot of money, but thankfully, as we’ll explain more below, half of your tax responsibility can be deducted as a business expense. Photo credit: IRS.gov. January 15, 2020: Fourth quarter (covering Sept.

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Self-Employment Taxes and SECA: Tax Obligations for the Self-Employed

Fundera

Since you’re not an employee, you don’t have an employer to deduct taxes from every paycheck. That’s a lot of money, but thankfully, as we’ll explain more below, half of your tax responsibility can be deducted as a business expense. Photo credit: IRS.gov. January 15, 2020: Fourth quarter (covering Sept.