When something else fails and all your efforts to collect the money you owe seem in vain, then using an in-business billing service seems like the smartest way to go. So, what can a debt collection agency actually do, besides the tangible benefits of making it easier and more convenient for its customers to collect payments?

Acquiring overdue receivables is the most obvious benefit of hiring a debt collection agency. Collection agencies will act as third-party agents hired to collect…

Since the success of a business is determined by the stability of its financial position, the entrepreneur must provide sufficient financial resources to cover the various routine and unplanned costs of his business. With increasing competition in the business world, a business owner can feel the need for funds at any time. Since this financial need is unavoidable, delays in raising funds can hinder the functioning of the business. In fact, the lack of sufficient liquidity in a business…

Trust fund taxes are employee withholding taxes and their share of FICA and Medicare taxes on salaries, withheld by the employer for each pay period and remitted to the government. This tax typically represents about 65% of the total payroll tax liability that employers pay to the government for each pay period, including taxes on Form 941 on a quarterly basis.

Failed business traps don't work

Businesses fail when operating cash flow is insufficient to meet monthly short-term…

Claims for damages are just some of the types of legal proceedings that keep lawyers imprisoned in unforeseen circumstances. That is, the attorney will only receive compensation for his services if the lawsuit is successful and he is paid out of the proceeds. Basically, when there is no income, lawyers have spent their time seeking justice.

One of the main reasons personal injury attorneys accept cases for incidental fees is because all individuals have equal access to the justice…