Money

What Happens—Taxwise—When You Don’t Get Paid

Just because you do everything you can to please your customers is no guarantee that you’ll be paid for your efforts. According to the Commercial Collection Agency Association, after 30 days past due, the chances of being paid drop to…

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Money

How To Write Off Bad Debt

If you own a small business, eventually you will run into that one customer account that never gets paid. Like death and taxes, this is a reality of life. Fortunately, bad debt is also one thing even the taxman will…

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