Category: Debt

Audit your Audit

I routinely provide payroll information for worker’s compensation audits for my clients, however, I am not always the one who gets the final bill. This last week I did get a bill for one of my clients for whom I had filled out the audit paperwork. The second I looked at it, I knew it

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Successful Cash Flow Control

Managing cash in today’s economy is essential to business success. Cash flow is vital but how to control it? Here are some simple tips to help you manage your cash flow a little better. 1. If you extend credit, be sure to monitor accounts receivable regularly. Have a person who is dedicated to watching the

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Writing Effective Hardship Letters

Hardship letters are used whenever conventional methods of debt management don’t work well. A hardship letter is a way to document in writing what the issue is, what solution you propose and the potential outcomes. This article will outline the six steps in creating an effective letter. Step 1: Start with why you are writing

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Debt Negotiation for Struggling Business Owners

One of the biggest issues business owners find plaguing them right now is debt. Dealing with mounting debt is a very sensitive issue and something that must be handled with care. The first key to dealing with overwhelming business debt is first to stop the bleeding. You cannot effectively work with creditors when your debt

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