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What Happens if You Ignore Debt Collectors?

Taurus Collect

This article aims to demystify the consequences of overlooking debt collectors and to provide insights into how debt collection services operate within the UK’s legal framework. Small business owners who are not proactive in addressing collector calls can find themselves in a quagmire.

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Profit and Loss Statements for Business Planning and Growth

PDC Flow

Businesses want to make money. One of the most common–the profit and loss statement–lets companies: Monitor how the organization is performing and better understand profitability Assess expenses and profit trends Plan for future growth and reinvest in the business based on P&L data What is a Profit and Loss Statement?

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Final Rule Issued for Corporate Transparency Act: What Businesses Need to Know

Fraser

As we previously addressed in 2021, Congress passed the Corporate Transparency Act (“CTA”), which requires certain business entities to report the “beneficial ownership” of an entity to the U.S. The CTA is intended to deter activity such as money laundering, financing terrorism, and tax fraud, among other things. Who Must Report.

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Small Business Financial Management Terms and Tips

PDC Flow

Small business financial management helps business owners, operators and managers know where money is being spent and how much profit is coming in. This glossary will help you learn more about the vocabulary and best practices of small business financial management.

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Business Credit and Loan Resources for Women Entrepreneurs

The Kaplan Group

The number of women-owned businesses in the U.S. While these stats are impressive, most businesses will need outside funding at some point. Programs like the Women-Owned Small Business (WOSB) Federal Contract program also require that women make long-term decisions about the company and manage the day-to-day operations.

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Survey shows 1 in 2 Small Businesses struggling with late payments

UK debt collections

The latest survey and research undertaken the the Federation of Small Businesses shows late payment is worse than ever. A survey of 1,300 Small Businesses and sole traders showed that half of SME’s are dealing with late payment for the quarter April to June 2022. Institute of Directors poll predicts bleak outlook.

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When It’s Time to Consider an Exit Strategy For Your Business

Credit Corp

Many people say a business plan is a key element for any start-up business. But in many cases, not just an operating plan, but a business exit strategy needs to be considered upfront. An exit objective and strategy may affect the business plan. And it may affect the best operational model for running a business.

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