Bad debts are outstanding credit sales accounts that the business will not be able to collect. While these are a fact of life, businesses naturally want to avoid them whenever possible. Consistent accounts receivable aging reporting will help you prevent an overdue credit balance from becoming a b...
As credit card APRs are expected to rise, it's also worth calling your issuer to try and negotiate the same APR you had, or even a lower one if your credit score is good and you have a solid track record of paying your bills on time. And, of course, to avoid ever paying interest...
Her husband worked full time and handled the bills while Trisha worked in the home, raising the couple’s two sons. That year, though, her husband was diagnosed with cancer and passed away just months later.The emotional stress of losing a spouse was compounded by the financial stress of ...
In Massachusetts, state officials in Octoberheard testimonythis October on two bills: one that aims to make daylight saving time permanent and another that would end daylight saving time and restore standard time year-round. There have also been federal efforts around changing daylight saving. Under...
It bills itself as the world's first and most distinguished book town, and is, therefore, a perfect place for a literary festival. The festival is a celebration of great writing. There are events including film screenings and musical concerts and the bookshops remain open throughout. E. Ber...
4 – 63% have faced financial hardship due to the resumption of student loan payments, and half have missed a payment or fallen behind on other bills. "There are a lot of benefits associated with federal student loans, including forbearance, income-driven repayment ...
This could cause, not only a longer delay in paying the claim, it could mean that the policy proceeds being passed to an unintended beneficiary. When it comes to life insurance payouts, these legal processes are the main causes of delay. That’s why it’s a good idea to consider putting...
Unreimbursed medical bills. You can deduct the amount of unreimbursed medical expenses that exceed 7.5% of your AGI (the threshold is typically between 7.5% and 10% of AGI in any normal tax year).33 Owners ofsole proprietorships, partnerships,S corporations, and some trusts and estates may ...
By planning your withdrawal allowance, you eliminate the need toliquidatea large sum of assets at fire-sale prices simply to pay the bills. Retirees' mistakes often come from taking out too much of their retirement assets early on andpanicking when the markets are struggling. Make sure you hav...
The purpose of withholding tax is to ensure that employees comfortably pay whatever income tax they owe. It maintains the pay-as-you-go tax collection system in the U.S. It fightstax evasionas well as the need to send taxpayers big, unaffordable tax bills at the end of the tax year. ...