bookkeeping

Factoring, the True Costs

1 Comment / Blog, Bookkeeping, Buy, Calculator, Kim Erick, Save Money, Uncategorized / By Kim Erick

In a previous article we talked about loans versus leases, now we will talk about the cost to factoring your invoices. I am including a calculator to help you determine what your Annual Percentage Rate (APR) is on the transaction. Because factor financing is short term (usually 30-45 days), you will not see an annualized […]

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Recordkeeping for your Business

Kim Erick, Lessons, Self Employed, Tax / By Kim Erick

Recordkeeping for your business is primarily driven by tax requirements, but your industry may have specific requirements for records as well. The information of this blog is not considered tax advice and you should always consult your tax preparer when making decisions which could affect your tax situation. The article is based on the IRS

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