tax-time
19Dec

Getting a Head Start on Your 2020 Business Taxes

Posted by NCF On December 19,2019

Business taxes may seem like the best thing to look forward to in 2020, but taking time to get organized and sorted now can save business owners a lot of headaches in the new year.

Assess Your Business Liabilities

The deadline for 2019’s quarterly tax year is on January 15, 2020. Businesses must pay 100 percent of the previous year’s liabilities and 90 percent of the current year’s income taxes to avoid heavy penalties from the IRS. Business taxes in the form of IRS liabilities are different, depending on the size and type of organization you run. Businesses making fourth-quarter tax payments in January need to calculate taxes separately, especially if capital gains benefits are involved.

Estimated Business Taxes

Making four estimated business tax payments is often easier than making one large payment. Estimated business taxes are calculated by figuring

2020
12Dec

Make “Reducing Business Debt” One of Your New Year’s Resolutions

Posted by NCF On December 12,2019

Many businesses are closing out 2019 with debt and other liabilities on the books. Reducing business debt is a great and realistic resolution that entrepreneurs can set for themselves in 2020. Reducing business debt helps to improve credit ratings, widen financing options, and removes strains on cash flow. Creating a plan for reducing business debt is not as insurmountable as it may initially seem.

Step 1: Reducing Debt through Consolidation

Some new and small business owners are entering 2020 with debt and liabilities centered around loans. In many cases, those small business owners are balancing payments on multiple loans, each with it’s own installment amount and interest rate. Debt consolidation is a way to combine those loans into one singular loan with manageable installments and interest rates. By having business debt under one loan, entrepreneurs can pay off multiple creditors quickly and efficiently. Read More

cash-flow
05Dec

Improve Cash Flow and Achieve Growth for the New Year

Posted by NCF On December 05,2019

As 2019 winds to a close, many businesses are trying to position themselves for a robust start to the new year. Some want to improve cash flow to reduce gaps in revenue from customer payments. Others want to achieve growth and reach their projected goals without relying on debt-based loans. All of these are attainable, and there’s no better time like the present to start.

Improve Cash Flow for 2020

Many businesses that make sales at the end of 2019 will not see revenue from their customers until 2020. Invoices with staggered payment schedules of 30, 60, or even 90 days could find themselves waiting until January, February, or March to see revenue for their sales. This could force businesses to put plans on hold or enter the new year in a financial position that is less than ideal. The best way to improve cash flow is to use invoice factoring. Invoice factoring converts unpaid receivables to cash within 24 hours

receivables
28Nov

Rethinking Standard Business Procedures for Receivables

Posted by NCF On November 28,2019

For the longest time, businesses of all types have been issuing invoices with staggered payment schedules. This courtesy gives clients a period of 30, 60, or even 90 days to pay for goods and services received from businesses so as not to place a strain on finances, especially for large orders. However, the business landscape has changed over the decades, and commerce takes place at a much faster rate than ever before. Apart from banking, weekends mean less and less in the business world, and our constant connection via the internet and mobile devices have us closing deals and making sales with the swipe of a finger. So why should your business still have to wait a month or longer to receive payments on aging receivables?

Unpaid Receivables Place a Strain on Businesses

While the standard business procedure of issuing invoices with staggered payment schedules works out great for customers, it can create a major st

14Nov

Need Fast Cash for Your Business? Not All Financing Is the Same

Posted by NCF On November 14,2019

Our economic landscape is moving at a faster pace than ever before, which means businesses need access to capital to keep operations moving and to achieve successful growth. Yet in the realm of business financing, not all programs that offer fast cash are created equal.

Short-Term Business Loans

When businesses need working capital to smooth out finances or to take advantage of time-sensitive business opportunities, many opt for short-term business loans. After all, loans are easy to understand and have been around for centuries. However, the process for traditional loans is changing. Lenders are raising their requirements, so businesses may not receive the funding they need, even if they meet the credit and collateral qualifications. Similarly, small businesses may not have the established credit history or collateral to qualify, so short-term loan requirements end up pushing entrepreneurs to the sidelines. Beca

New Century Financial

New Century Financial

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