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Small Business

• How to Use Factoring for Cash Flow
  Companies facing a cash-flow squeeze and slow-paying customers often sell their invoices or accounts receivable to specialized companies called factors. The factor advances most of the invoice amount — usually 70% to 90% — after checking out the credit-worthiness of the billed customer. When the bill is paid, the factor remits the balance, minus a transactio […]
• Tax Strategies for the Newly Self-Employed
  If you’re a staffer turned contingent worker, you need to rethink your business status, retirement funding, and deductions It used to be that the vast majority of people worked in staff jobs. But in a tough economy, the number of independent contractors, temps, part-timers, and freelancers expands. If you become a contingent worker, you’ll need to rethink yo […]