Many great business owners are always on the lookout for new business tax write-offs. There are many tax deductible expenses that are straightforward. Items such as depreciation, interest, and cost of goods sold. These expenses happen in the normal course of business and show up on your business tax return on the income statement.
It’s a story that seemingly never ends. You get out of college, have some car trouble, and find yourself in credit card debt—in many cases—for the first time ever. It can happen very fast. But hopefully, you were able to pay off your credit card debt in just a few months and move on.
Credit cards provide a line of credit you can borrow against, but you don’t have to pay back your entire balance all at once. You can use your credit card to make purchases, take out a cash advance or set up a balance transfer, and you get the option to make payments in any amount that is more than the minimum monthly payment your credit card requires.
When it’s time to split the bill at dinner with your friends, most people these days throw down a stack of credit cards. The world at large seems to be moving in the direction of plastic. About 30% of American adults say they don’t use cash at all to buy things in a...
Even in a financial crisis, credit scoring still works the same as it always has. But managing your credit may look a little different now as the coronavirus pandemic leads to widespread financial upheaval.
As money gets tighter, especially if you can’t pay every bill in full, you’ll need to be strategic — and perhaps accept a lower score temporarily.
Trade receivables, also known as accounts receivable, represent the money your business is owed by customers to whom you’ve sold products or provided services. Trade receivables are considered a current asset and are listed as such on your balance sheet, as they’re expected to be paid in less than a year.