Getting a notice from the IRS that you owe back taxes can be intimidating. Usually, though, the IRS is willing to work with taxpayers who want to resolve tax debt. The Fresh Start Program makes payment options available to people who didn’t qualify previously. The program offers repayment choices including installment plans, Offers in Compromise, […]
Debt
Walmart Acquired ModCloth But Left Customers Unhappy
The news of Walmart acquiring clothing and apparel giant ModCloth has spread like wildfire. Skeptics and industry leaders have shown mixed reactions to the news, more so because ModCloth is a favorite brand among fashion enthusiasts and a young clientele. Now with Walmart at the helm of affairs, customers are not shying away from showing […]
Long-Term Debt on a Balance Sheet
What is Long-Term Debt on a Balance Sheet? The Long-Term Debt category appears as a long-term liability on a Balance Sheet. The balance represents the total outstanding balances of all bank loans, mortgages and financial contracts. Discussion: Long-Term Debt is expected to be payable in a period that is longer than one year. The current […]
How Your Small Business Can Overcome Its Debts
Starting a small business isn’t easy—or cheap. Even the most well-organized and generously funded business can quickly run into cash flow problems, so it’s hardly surprising that many small companies experience debt problems, particularly during phases of growth. So if you find yourself facing a mountain of debt, what can you do? Try cutting your […]
5 Tricks to Pay Off Business Debt and Recover from Financial Disaster
Are you overly worried about your small business debt? Well, you’re not alone. Nearly 50% of small businesses collapse because of the following reasons: Lack of capital Heavy debt burden Poor credit arrangement In most cases, entrepreneurs need to borrow for business growth and expansion. But, when they borrow too much and at the wrong […]
6 Reasons You Might Want to Get a Business Loan
The mythical American should be able to start a business purely through a combination of working hard, having the right attitude, and pulling up their bootstraps. Chances are, however, real-world business owners are going to need outside help at some point. One such way to get help (without giving up control of your business to […]
5 Easy-to-Make Mistakes That Can Sink Your Business
It is an unfortunate fact that many businesses fail within the first few years. While it may be a combination of reasons, such as bad marketing plans, insufficient funds to keep up with orders, or lack of stuff, it is never easy to have a business fail. Here is look at five common mistakes that […]
Consumer Debt vs. Business Debt
No matter where you go or what you are doing in America, debt seems to be a part of the world we live in. America is a debtor nation and that refers to a lot more than the national debt.
How to Collect Your Overdue Debts
You didn’t start your small business to be a bill collector, so none of this is anything you want to do. However, sometimes it becomes necessary. Don’t shrink from your financial responsibility to your business.
4 Money Management Tips for Small Businesses
Managing a small business within itself is a hard task, but add financial responsibilities into the mix and it’s a whole other beast. Money management is one of the areas that most businesses struggle with the most.
