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The Scenario Of Malaysia’s Debt Collection

MNS Credit Management Group

In addition to giving solicitors instructions to start legal proceedings, we also offer credit management services including sending letters of demand prior to legal action, a service that looks into a company’s history, credit reports, and status reports. When a client owes a business money, consumer collections take place.

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Everything Small Business Owners Need to Get Their Books Into Shape for Taxes ASAP

Fundera

The beauty of most cloud-based accounting software is that they connect to your business bank accounts and business credit card records and import them automatically, which reduces the likelihood that you’ll miss something. Mileage can be a big deduction for your business. Credit card receipts and statements.

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Amazon Lending: How to Determine If an Amazon Loan Is Right for Your Business

Fundera

Amazon Lending does not check credit. In fact, in 2018 Amazon partnered with Bank of America to further support their lending initiatives. Does Amazon Lending check credit? For context, credit cards usually carry a 14 to 20% APR, whereas APRs on merchant cash advances start at around 15%, but can reach into the triple digits.

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What Is a Tax Lien, and How Does It Affect Your Business?

Fundera

Photo credit: IRS.gov. Prior to April 16, 2018, an unpaid tax lien would appear on your personal credit report for up to 10 years. Fortunately, tax liens no longer appear on personal credit reports. A business tax lien can show up on your business credit report and affect your business credit score.

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IRS Form 941: Who Needs to File It and How to Fill It Out

Fundera

Social security and Medicare taxes (collectively called FICA taxes) that you withheld from your employees’ paychecks. Adjustments for tips, sick pay, and business tax credits. Those decimals stand in for the percentage of wages and tips that gets deducted for social security and Medicare tax. EFTPS, U.S.

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Fringe Benefits: What Are They and Should You Offer Them?

Fundera

per employee per hour worked in June of 2018. The employer can also deduct many of these expenses from their taxes as a business cost. Employers should consider their business’s size, location, industry, and collective bargaining agreements, as well as the benefits practices of their competitors. According to the U.S.

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Employment Practices Liability Insurance: Does Your Business Need EPLI?

Fundera

In 2018 alone, the Equal Employment Opportunity Commission (EEOC) handled 90,558 discrimination cases and helped claimants recover $505 million in damages. In other states, employers can’t discriminate against an employee or job applicant based on their credit history. Amount of coverage and size of deductible.