Your credit policies and business practices could be the culprit to rising receivables. As is the case with many businesses nationwide, accounts receivable have increased, negatively impacting the bottom line.
Should I file a lien? Yes! A lien provides an interest in debtor’s assets. Several types of liens exist, all of which offer creditors additional tools or remedies that may be utilized to force payment. Security interests may be obtained before, during and after the transaction and vary depending upon
Take Affirmative Action As a business leader much of your time is occupied by attracting new clients and building relationships.
Each Tax season we get asked “Can I Write It Off?” If you’re on an accrual basis (if you aren’t sure, ask your accountant), your outstanding receivables are considered income and you will be required to pay taxes regardless of whether you have been paid.