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Storm Warning: Private Company Red Flags

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The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% In contrast, customer bankruptcies or other defaults typically cause the loss of most, if not all, the AR owed. Even more concerning, the U.S.

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5 Tips for Small Business Owners to Assess and Improve Their Bookkeeping

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America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. Perhaps you even consider yourself a “numbers-phobic” type.