Are Your Taxes a Ticking Time Bomb?

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It doesn’t matter how big or how small your company may be - you need to take an incredible amount of care with your taxes at all times. Every quarter. Every year. Failure to file your company’s taxes correctly can set your organization up for a potentially crippling series of unexpected legal and financial quagmires you never knew even existed. While having in-house accountants handle your finances is one way to approach the situation, it’s wiser to work with an external financial organization to make sure every line of your ledger books reads clean and clear.

There are many negative situations that can arise from your organization improperly paying its taxes, but the worst of these is your organization getting behind in its taxes. When your organization owes the government a large amount in taxes, that debt will work just be about the same as every other form of debt, and it can be just as potentially crippling as debt you owe to suppliers, contractors, advertisers, or anyone else your organization does business with. In fact, we’ve even found that organizations suffering under a significant amount of tax debt tend to be even more confused and apprehensive about how to handle this burden than debts to private institutions.

That’s why we specialize in helping companies like yours handle corporate taxes and the ramifications of your company accruing a significant amount of back taxes. If your company finds itself in this unfortunate position then you have a few options at your disposal, all of which involve negotiating with tax collectors to reach a mutually favorable agreement. When negotiating with the government you can establish a compromise settlement, you can agree to a certain size and frequency of installments, and you can even negotiate on non-collectibles.

The right solution for your company depends a lot on its current financial situation and future plans. We’re happy to speak with you about which option will best suit your needs and the ideal way to proceed with this potentially confusing and intimidating arena of corporate debt.

Will Debt Restructuring Help YOUR Company?

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A funny thing happens whenever you talk about debt restructuring with a company that finds itself in a negative financial position. These companies tend to look over testimonials and feedback from our previous clients, and they acknowledge that debt restructuring really seemed to work out for those other companies. And then these companies proceed to doubt whether debt restructuring will work for their company. What’s going on here? Why are so many debt-burdened companies skeptical about whether restructuring can solve their specific problems?

Every debt-burdened company is different. While there are some common threads, some predictable points of history that often repeat themselves between the varied clients we work with, at the end of the day every company is in a different situation and requires its own specially designed solution. We not only acknowledge this reality, we embrace it. Only by acknowledging the specific circumstances of our clients are we able to construct the perfect solution to meet their present, and future, needs.

That being said… there are very few companies whose circumstances prevent them from taking on a course of debt restructuring. No matter how peculiar or dire your company’s debt situation may be, there’s a good chance we’ve seen worse, and there’s an even better chance we’ll have the perfect solution for you in short order.

You see, the main reason companies wonder whether debt restructuring will work for them is sheer insecurity. When a company crawls under a stifling, crippling load of debt for a significant period of time, that company tends to lose its confidence. Yet even more than adopting a victimized mindset, companies that struggle under sizable debt problems ultimately feel incredibly isolated, and that makes them feel there’s no form of help out there that can drag them back into the green light of profitability.

Rest assured, your company is not alone, there is help outthere waiting for you. All you need to do is ask.

Does Tax Debt Work Differently Than Private Debt?

What to Look For When Choosing a Turnaround Company

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If your organization sits in significant financial trouble, then you’ve no doubt realized there is a huge number of companies out there claiming to be able to help reverse your fortunes and return you to substantial profitability. While there are a number of great turnaround companies who can help you with just that, there are even more groups simply looking to take advantage of your desperation to scam you out of your remaining funds. Here’s what you need to look for when selecting a turnaround company that will truly help your organization out.

The very first thing you need to look for in a turnaround company is whether they will actually listen to your needs, whether they will actually inquire deeply about your current situation and upcoming needs, devise a plan specifically tailored with your organization in mind, or simply try and apply a “one size fits all” solution for your situation. Don’t believe any turnaround company that tells you their “patented system” will fix every company’s debt problems perfectly. Every company is different. Every company’s debt situation is different. Every company’s future plans and cash-flow needs are different. If your prospective turnaround company ignores this established reality then you need to keep looking.

Next, you want to make sure the turnaround company you’re looking at believes in upholding a courteous, respectful, and sensitive relationship with all lenders they negotiate with. A turnaround company that’s too aggressive or too one-sided in their appraisals will never successfully negotiate a deal with your lenders. The only way a turnaround company will be able to reach an arrangement with your lenders is if that arrangement is mutually beneficial - if that arrangement meets your needs and your lender’s needs. While you might think you want to work with a turnaround company that is entirely fixated on getting you a disproportionately favorable deal, that overly-optimistic lender isn’t likely to walk away from the negotiation table with good news.

If your organization finds itself in a troubled financial situation then working with a debt turnaround company is a wise move- as long as you make sure you work with the right debt turnaround company.

Will Corporate Debt Turnaround Work for Your Company?

When Your Organization Needs Specialized Financing

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There’s more to corporate economics than debt restricting and finding solutions for unfortunate worst-case scenarios. When your business is entering a time of growth dependent on receiving the right financing then you will need to work with professionals who can assure you the funds your organization requires. Working with professionals to help you establish your financing is essential, especially if your organization has a negative mark or two on its lending history.

The main reason to work with a professional company to help arrange your financing is a simple one - the company you work will provide you with information on, and access to, funds you didn’t even know existed. Some of these specialized forms of financing include merchant cash advances, equipment leasing, asset based financing, purchase order financing, and accounts receivable factoring. The financing option you ultimately choose to pursue depends a lot on your current economic situation and your upcoming needs.

For example, equipment leasing offers a great way to increase the size and capacity of your business even when you don’t have a whole lot of cash to spend on expansion. By leasing equipment for when you need it you will save significant sums compared with purchasing money outright, and you’ll be able to spread those remaining costs out over a long period of time.

On the other hand, your expansion plans may require having a lot of cash on hand - cash your organization doesn’t currently have to spend. When that’s the case, you can use a merchant cash advance. This form of financing is easy to understand. A merchant cash advance is a big lump sum lent to your organization with the agreement that your organization will serve up a certain percentage of your future credit and debit card sales to the lending institution.

As you can see, most organizations have significantly greater and more varied financing options than they may have originally believed. By selecting and acquiring the right form of financing to meet your needs, we’re happy to help your company grow to the next level - even if you’ve already written growth off as impossible.