bad debts

Is Your Bad Debt Allowance Acceptable?

Is Your Bad Debt Allowance Acceptable?

In today’s volatile market conditions, it’s important to review your accounts receivable ledger and consider writing off stale, uncollectible accounts. The methods that you’ve used in the past to evaluate bad debts may no longer make sense. Here’s how to keep your allowance up to date. Know the Rules Under

Sonya Foster2022-09-27T09:24:57-06:00September 27th, 2022|

Tax Breaks for Businesses and Self-Employed Taxpayers

Tax Breaks for Businesses and Self-Employed Taxpayers

As the 2021 tax filing season progresses, small businesses and self‐employed taxpayers should make certain they are taking advantage of all of the tax deductions and opportunities available to them on their 2021 federal income tax returns. Tax savings increases after‐tax cash flow and can mean greater return on investment

Sonya Foster2022-04-19T09:22:12-06:00April 19th, 2022|