The tax lien attaches to all of the debtor’s assets, such as property, securities, and vehicles, and includes the right to accounts receivable (payments from customers). It also attaches to future assets you acquired during the duration of the lien. However, if you fail to pay a lien, your lender or creditor has the right to seize…
He began his career as an officer in the Marine Corps, managing legal affairs for his command in Okinawa, Japan. In this role, he conducted investigations, assembled juries for courts martial, and advised his commander on criminal justice matters. Damian draws on these diverse experiences to provide his clients with creative solutions to thorny legal…
In regards to accounts receivable, this is equal to the gross amount to be collected without considering an allowance for doubtful accounts. For every business that sells goods or services on credit, accounts receivable is a vital part of the business. Accounts receivable (AR) is the money owed to a company by its customers for…
Of course, you must always be careful that you do not cancel a program or location that is at the core of your mission. You will need time to think through alternatives, and good cash flow projections will give you that time. While many training sessions for fundraising suggest that you quantify what specifically will…
However, businesses with internal accounting cycles also follow the external accounting cycle of the fiscal year. The accounting process provides valuable perspectives into an enterprise’s fiscal health and operational effectiveness. The data it generates – from profit ratios and operational costs to revenue patterns and cash flow – are critical for strategic choices. We and our partners…