8 Mar, 2020

Factoring Fees And Tax Deductions

2020-05-19T21:25:32-04:00

It's that time of year again, time to file your taxes. What about factoring fees and tax deductions? Your tax returns verify your previous income level and are proof of the tax obligations you have fulfilled – both filing and payment. It is recommended to turn to a creditable tax agent to ensure everything is done correctly. For better understanding of your invoice factoring terms of agreement, reach out to your factoring company. There is a lot to be determined when determining if the receivables you factored are taxable. How a company treats its accounts receivable depends on what accounting method [...]

Factoring Fees And Tax Deductions2020-05-19T21:25:32-04:00
15 Feb, 2020

I Am Approved For Invoice Factoring, Now What?

2020-05-20T06:54:32-04:00

So, you made the decision to factor your invoices. You’ve discovered that invoice factoring allows you to get funds immediately without worrying about acquiring additional debt. Recently, you have applied for accounts receivable factoring through a factoring company and you were approved. Now that the hard part is over, what happens next? Many businesses aren’t sure what the next steps to take after being approved for invoice factoring and receiving cash. There are some smart ways to use the funds as a means to your cash flow problems and essential needs. Here's Five Steps to Take After Being Approved for Invoice [...]

I Am Approved For Invoice Factoring, Now What?2020-05-20T06:54:32-04:00
25 Apr, 2018

5 Common Factoring Misconceptions and Myths

2018-04-25T16:25:00-04:00

While a viable and easy funding option, invoice factoring sometimes gets a bad reputation. Some say it is impossible to avoid high-interest rates. Others say it’s only for large business. Some people even think the process is a hassle for your clients. Those statements couldn’t be more wrong. Let’s break down a few common factoring misconceptions and myths. Factoring Misconceptions and Myths You Need to Stop Listening To Whether they are ill-informed, slightly off or completely wrong, these factoring misconceptions and myths are passed around through water cooler talk. But, it's time you stop believing everything you hear. 1. Factoring [...]

5 Common Factoring Misconceptions and Myths2018-04-25T16:25:00-04:00
5 Feb, 2018

What to Know Before Signing a Factoring Agreement

2018-02-07T09:24:19-05:00

Factoring has provided important funding to businesses, helping them with capital to grow. They provide needed funds when businesses start struggling with cash availability. It’s the financing you turn to when you have the potential or assets, but not the cash. Unfortunately, there are a few factoring companies that might try and take advantage of the their client's lack of knowledge with the process. Thorough research isn’t just suggested—it’s required—before signing a factoring agreement. Generally, understanding what you are signing, before signing is standard protocol. But, this is especially true for factoring agreements. Some companies fill their agreements with extra requirements [...]

What to Know Before Signing a Factoring Agreement2018-02-07T09:24:19-05:00

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