Tag Archives business debt

cash to credit card flow

Debt is one of those silent trolls that can creep up and terrorize your business. Debt isn’t all bad, but using debt to grow your business can get out of control if you’re not careful. Having debt can put a strain on your business and debt on a credit card specifically can be costly. Up […]

Bad Debt Tax Deduction

As a business owner you already know there are lots of reasons to have debt. Equipment, licenses, rent or leases, advertising, and many other expenses can add up. Regardless of what makes up the debt it can be difficult to juggle multiple payment on a frequent basis. After all, just running a business can be […]

business credit card

Debt — it can feel like a dirty word. We all want to avoid it at all costs. But when it comes to growing your business you may have to rely on some debt to start from scratch or level up. I started my business without borrowing any money and kept costs very slim for […]

Writing-Off-a-Bad-Debt

Debt can be a huge liability for most people but for business owners, it can be even more damaging. Entrepreneurs tend to have a fluctuating income and must meet the challenge of budgeting for fixed expenses with it. Add on the fact that it’s wise to invest in your business to keep it stable and […]

Bad Debt Tax Deduction

While most people consider some debt to be healthy, too much debt is certainly not good for a small business. It acts as a weight around your ankle, holding you back from accomplishing your long-term financial goals. Serious debt is something that creeps up on a lot of business owners, you’re not alone. But how […]

WHAT TO DO WITH BAD DEBTS ON YOUR BOOKS

When you own your own business, you are constantly juggling things, including both your personal and business bills. It can be stressful having to keep track of essentially two separate sets of finances for yourself and your business. Sometimes this juggling act leads to business debt. Other times you may be forced to take on […]

Running a business comes with many challenges. Not only do you have to constantly recruit customers or clients, but you have to make sure your finances are in order too. Many small business fail because they go into debt, don’t pay their quarterly taxes, or simply get overextended. However, it’s also important to invest in […]

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