QuoteCatcher.com Business Finance Tips and Articles
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• Basic Bad Debt Collection Guidelines For My Business
  Your business bad debt collections action should follow certain guidelines. It is important to know how to set up an internal collections system for past-due accounts in your business, and when is the best time to use a collection agency.
• How Collection Agencies Charge for Their Services
  Bills are easier to collect the more recently they were incurred. Collection agency pricing often increases for long term past-due accounts...
• Basic Merchant Service Fees
  When choosing a merchant service for payment and credit card processing, assessing the possible fees can be daunting. An average merchant or business owner looking to accept credit cards online is often overwhelmed by the possible fees. Below are a list of the most common fees to expect to open and maintain a merchant account.
• Choosing Credit Card Equipment
  Credit card processing equipment is usually less expensive to purchase outright than to lease, which can cost well over $1000 for a 48-month lease. Following are the basic types of credit card machines. In addition to traditional credit card terminals (available with or without printers), businesses can also choose wireless credit card terminals and virtual or software-based credit card terminals.
• How Debt Relief Services Help Manage Your Money
  One way that debt relief services help their customers is by setting up a step by step implementation of a spending plan. A professional debt relief counselor will outline the plan and help you apply it to you own financial situation.
• 12 Tips Of Business Year-End Tax Planning
  Before business owners close their books for the year, they should first take a moment to review the 12 Tips of Business Year End Tax Planning. These could save the average business thousands of dollars!
• Acceptable Practices By Debt Collection Agents And How To Get Relief
  The Fair Debt Collection Practices Act has set guidelines requiring that debt collectors treat you fairly and prohibits certain methods of debt collection. However, the law does not erase any legitimate debt you owe.
• Credit Card Processing Fees
  The fees that Merchant Account Providers charge for credit card processing can be confusing. It is important to ask your merchant provider about all credit card processing fees before signing up. What looks like a low cost account upfront can end up being expensive. Always look for hidden fees buried in the contract.
• How Can I Find the Best Collection Agency for My Business?
  The choice of the best collection agency for your business will depend on your particular needs and budget. Finding and comparing several collection agencies online is a good way to research collection agencies to make sure you find the right one.
• How Debt Consolidation Works
  Debt consolidation is one way to help with individual or business financial problems. When debt is overwhelming, the solution may be to find relief through debt consolidation specialists.
• IRS Rules On Business Trips That Mix Business With Pleasure
  Despite better communications by teleconferencing, faxes and the Internet, business travel has increased dramatically over the past several years. In addition, many taxpayers are beginning to plan trips that combine elements of both business and pleasure. Business trips, conventions, and continuing education seminars in exotic locations can yield great personal pleasure and at the same time generate legitimate deductions. Although the basic rules are relatively simple, there are a number of angles in this area that should interest you.
• Letter writing guidelines for debt collection on past-due accounts
  It is important to state the information you have about your customer's account in a collection letter. Ask the customer to pay the money owed. State the balance the customer owes and the date when it was due. Sending this letter by Certified Mail is also important because it verifies the customer's receipt of the letter, and they cannot later state that they did not receive it.
• Make payday a happy day not just for the employees
  Payday! We all talk about it, plan our weekends around it, and celebrate it when it finally arrives. On that day, the mere mention of it will put a smile on anyone's face. However, as you eagerly connect to your online bank account, have you ever stopped to consider the long, arduous and labor intensive process it took to create such a joyful event?
• Merchant Account Fees: Are They Worth It Or Not?
  Merchant account services are the services that allow you to accept credit cards as payments, both online and off, and help you handle the credit card transaction processing. Without merchant accounts, your customers would have to pay with cash or check- and believe it or not, most customers will spend more if they can swipe their card and worry about the bill later.
• Myths about Past-Due Accounts Could Be Reducing Debt Collection Results
  If a collections person thinks a past-due account will never pay, then this myth may be sabotaging otherwise good collection results.
• Optimizing Merchant Services
  If you are starting a new online business or are about to begin credit card processing for your online business, consider using a third party credit processor. Third party merchant services are companies that can handle all credit card processing for your company. They are the link between you and the bank.
• Reasons Past-Due Accounts Don't Pay and How to Collect
  The most important part of a collection action may be to determine why the bill has not been paid. A telephone call to the customer can usually resolve this.
• S Corporations Audit Triggers
  S corporations remain king of the entities among those forms of doing business nationwide. Except for the unincorporated sole proprietorships, the S corporation is the most popular form of small business in the United States. In fact, over the past 15 years, the number of S corporations has quadrupled. That trend has not gone unnoticed by the IRS.
• Standard Mileage Rates For 2006 And 2007
  You may be wondering what you can do now to minimize your current year tax liability. If you incur costs in operating an automobile for business, charitable, medical, or moving purposes, you may be able to minimize your tax liability by claiming a deduction for the use of your automobile. If you have qualifying automobile expenses and if you opt to use the standard mileage rate in lieu of deducting actual expenses, you will want to make sure that you are using the correct standard mileage rates.
• Unreimbursed Business Expenses
  One way to minimize your tax liability is to maximize your deductions. Based on a review of your prior year's tax return, you may be eligible to deduct unreimbursed business expenses, or, if you already claim these expenses, you may qualify for a larger deduction. In order to be reimbursed, trade or business expenses must be ordinary, necessary, and reasonable. Examples of qualifying expenses include.
• Using the telephone effectively for collection on past-due account
  The telephone allows a busines