Practically every small business has receivables that it cannot obtain from clients. If your small business doesn’t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction. Bad Debt Tax Deduction A small business can write-off bad debt losses if it…
Tag: Receivables
Managing Receivables Is Crucial For Businesses
One of the most important aspects of any business is ensuring a steady flow of revenue. Without a steady flow of money your business will stall and ultimately sink into debt and hard times as you live from payment to payment. Thankfully, there are many ways to ensure that you properly prepare your methods for managing your many receivables. Your…