Many businesses allow their customers to purchase goods and services on issued credit. Rather than requiring cash up front, the business will ultimately allow the customer to pick up the goods or acquire said services without paying first. Instead, the business will invoice the customer after the fact, and hope that payment will then be …
Best Practices in Keeping Accounts Receivable from Default Read More »
The new year is a time of action. For some, this means new beginnings, be it starting a diet or an exercise regimen. For others, it is a time of letting go of unhelpful habits or relationships. For those with their own business, this season of initiative doesn’t have to stop with one’s self. Now …
3 Ways to Jump Start Your Business’ Growth This Year Read More »
A debtor owed you money so your business sued—successfully. Now you have a judgment against them. Now what? Now comes the work of collecting whatever the court deemed yours. This is because contrary to popular belief, a judgment doesn’t actually ensure payment. Instead, think of it as a warrant to pursue collection. In many cases …
As a small business owner, you’re required to wear a variety of hats. Hiring employees can be a smart way to avoid burnout and improve productivity when the tasks of operation become too much. There is a dark side to delegation, however. And that is as the number of people you choose to rely on …
Protect Your Small Business from Employee Embezzlement Read More »
For Doug Costello, the trouble began in 2009. That was the year the 66-year-old man living in Massachusetts sold his used, black-and-white printer on Craigslist. Costello made $30 on the sell that would eventually end up costing him more than $30,000. The reason? According to the buyer, the machine didn’t work. So he sued.[1] What …
I often get calls from businesses and individuals looking to recover money owed them. Each time the question is the same: Should I sue? The answer: It depends. While each situation is unique, here are a few questions to consider when trying to decide whether to file a lawsuit. What is your ultimate goal? The …
Employee handbooks are an excellent way for businesses to communicate their policies and procedures to their employees. If it’s been a while since you updated your handbook, you should consider a revision. If you don’t have a handbook, now is a great time to start. No matter what size your business is, if you have …
For anyone who’s ever watched an invoice go unpaid or had difficulty collecting money owed them, a Writ of Garnishment is a powerful tool in ensuring full payment—especially when the debtor is dragging their feet. The process begins when, armed with an attorney, the creditor approaches the court with the complaint and evidence in support …
Writ of Garnishment: A Creditor’s Collection Tool Read More »
Ellie owns a small flower shop in Salt Lake City. In addition to the regular individual customers who paid cash for their flowers, Ellie had several customers who bought their flowers on open accounts. This system of credit purchases worked quite well for Ellie and her shop. However, she had one client, Reese, who had …
Utah law requires all private employers that employ 15 or more employees to use E-Verify or some other verification system to verify the employment status of new employees. A private employer is “a person who for federal taxation purposes is required to provide a federal form: (i) to an individual who performs services for the …
