Tue.Jan 02, 2024

article thumbnail

Use Credit Holds to Better Manage Your Accounts Receivable

Your Virtual Credit Manager

Contacting customers to pay past due amounts (collecting) is an essential element of accounts receivable (AR) management. For most firms, late customer payments are a frequent occurrence and collecting them can be a difficult task. If collections are not done properly and in an adequate frequency , your AR will age, cash flow will decrease, and the risk of bad debt loss will increase.

Bad Debt 130
article thumbnail

18 Tax Write-Offs for Self-Employed People: The Ultimate Guide

Lendio

One luxury of being an employee is that you don’t have to worry much about tax planning. You can sit back as your employer withholds money from your paycheck to cover your liabilities, then use the details from your W-2 to file your tax return come tax time. As a self-employed individual, you don’t have that privilege, and your tax situation becomes a lot more complex.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Four Levels of Investor Expertise: Which are you?

Due

Investing can be a complex process that requires various levels of understanding to make the best decisions and optimize the potential return on investments. Four levels of investor expertise exist, each with its characteristics and investing methods. This article will discuss each level of expertise in detail, highlighting the various aspects that distinguish each level and how investors can progress from the beginner stage to the professional level.

95
article thumbnail

Lease vs Own: Tax Benefits of Buying a Building for your Business

TMC Financing

Making the decision to buy your first building may be scary – but the benefits to owning far outweigh those of leasing – and the SBA 504 Program makes purchasing real estate for your business easier. While some of the benefits to owning a building may be obvious, the tax benefits of buying a building for your business are often not factored into the equation – but should be!

52
article thumbnail

6 Cash Flow Performance KPIs Every CFO Needs to Track

Gaviti

As a CFO, you have a tremendous responsibility for the financial health of your organization, so it’s essential that you have the tools to continually measure and evaluate your company’s profit, revenue and make critical decisions related to the company’s growth. What is a Cash Flow Metric? Cash flow metrics are the standards by which CFOs measure cash flow health and accounts receivable performance.

article thumbnail

2024 and what changes might we see?

Cpcmcredit Blog

It appears to be pretty certain that we will see a Labour administration before the end of the year. Sunak and Hunt have arguably steadied the ship quite competently after the incompetence of Truss and the shabbiness of Johnson but for the public it is, rightly, not enough. The failures can be debated but its more constructive to imagine what a Labourt administration and specifically Rachel Reeves may well bring.