Value of Non-Recourse Factoring During an Economic Downturn

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Value of Non-Recourse Factoring During an Economic DownturnBusinesses in all different industries are being affected by the ongoing shut-downs.  Not only has business slowed for many, but customers are taking longer to pay.  Whether you are a factoring veteran or you are new to invoice factoring, you’ve discovered how it can solve your cash flow issues.

However, an advance on your receivables will only benefit your cash flow and overall business if you get to keep that cash.  Unless you are using non-recourse factoring, you are at risk of having to pay the advance back to the factoring company should your customer have financial issues and not pay.  Increasingly late payments are one sign of a possible impending bankruptcy. Read more

Important Tax Deadlines for Businesses in 2020

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Tax Deadlines for businesses in 2020

The IRS has extended the tax deadline to July 15th. Personal and business income taxes that were due on April 15 can now be filed any time before July 15, 2020. The extended deadline applies to payments due as well. This post has been revised to include the new deadlines

IRS is offering coronavirus relief to taxpayers and many businesses will qualify for two new tax credits, the Credit for Sick and Family Leave and the Employee Retention Credit.

When you run a business, filing taxes isn’t quite as simple as it is for employed individuals. There are multiple tax deadlines that you need to be aware of. If you don’t conform to tax deadlines for businesses it can end up costing you extra money later on. Let’s look at some of the most important dates to keep in mind for business taxes. Read more

Protect Your Small Business Against Coronavirus

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Corona Virus BlogThe coronavirus (COVID-19) has quickly become a major concern for people all over the world. While people are understandably concerned about their health, the virus is also having a serious impact on the economy. The stock market has recently taken quite a hit. Both large and small business owners should be prepared for the effects it can have on their business and industry.  

Let’s look at some tips to help protect you from this health challenge as we all hope that it’s soon under control. Read more

Tired of Late Payments? 4 Tips to Get Paid on Time

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Tired of Late Payments? 4 Tips to Get Paid on TimeFor a business that depends on invoice payments rather than cash purchases, late customer payment can be anything from an annoyance to a disaster. According to some estimates, as many as 60 percent of invoice payments are late. When you have regular expenses such as payroll to meet, this can cause serious problems for your cash flow situation. The following are some tips to protect yourself from late invoice payments and enjoy better cash flow.
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