The Gambling Peak

Practically every small business has receivables that it cannot obtain from clients. If your small business doesn’t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction.

Bad Debt Tax Deduction

A small business can write-off bad debt losses if it meets nominal requirements. To claim such a tax deduction, the following must be shown:

A. The existence of a legal relationship between the small business and debtor;

B. The receivables are worthless; and

C. The small business suffered an actual loss.

Proving there is a legal relationship between the small business and debtor is fairly simple. You must simply show that the debtor has a legal obligation to make a payment. Most businesses issue invoices or sign contracts with debtors and these documents suffice to prove the legal relationship. If you are not putting your business relationships in writing, you should begin doing so immediately.

Proving receivables are worthless is slightly more complex. A small business is required to show that the debt has become both worthless and will remain so. You must also show that you took reasonable steps to collect the receivables, but you are not necessarily required to go to court to meet this requirement. A clear example where you would meet this requirement is if the debtor filed bankruptcy.

While proving that you suffered a loss may sound like the easiest requirement to meet, the issue is a bit more complicated. The Tax Code defines the loss as an amount that is included in your books as income, but is never collected. A classic example of such a situation would be a manufacturer that provides products to retailers on credit. The manufacturer can show a real loss if the retailer files bankruptcy.

Unfortunately, there is almost no way to claim a loss if you provide hourly services and use a cash accounting method. The IRS does not consider the expenditure of time and effort to be a sustained economic loss.

Small businesses suffer all to often from uncollected receivables. If you failed to claim such losses as a tax deduction during your last three tax filing years, you should file amended tax returns to get a refund.

Richard Chapo is with BusinessTaxRecovery.com – information on tax deductions.

One of the most popular tourist destinations these days can only be labeled as no place at all. People are lining up at docks all over the world to spend their vacation on a cruise ship. The features of the ship itself are, seemingly, far more important to most travelers then the places the boat actually docks. Depending on a lot of variables these cruises can be pretty expensive, but they don’t have to be. Play your cards right and you can get on a really cheap cruise and end up with a lot of vacation money left over for other things.

The best thing about a cruise ship vacation is that you get something completely different. While a lot of vacations turn into nothing but shopping in a different country, cruise lines offer something unique. Travelers get to be trapped in a fun filled environment they’ll never want to leave. It’s true. If you get on a ship that offers the activities you enjoy or would like to try, you end up in a very social environment that offers you a chance to lay back and relax or spend your day playing games, watching shows and hanging out with energetic crowds.

For the inexperienced vacationer this all sounds expensive. The happy fact is that an average cruise can cost the same or less then equal time in a hotel. The better news is that a cheap cruise is by no means a bad cruise. Really, offers of cheap cruises are most often just better prices on the exact same trip everyone else spent a fortune on.

Getting the good deals isn’t at all hard. It does, however, require a less then picky taste. Also, like any other vacation, it leaves you traveling in the off season.

The first thing you can do to get a cheap cruise vacation is worry less about where the ship goes. If, for instance, you like the events, layout, and activities offered by a certain cruise line and you aren’t picky about which destination you wind up on, then you can get away with not planning ahead. Much like people who get cheap airfare by buying last minute tickets, you can get deals on a cruise the same way. Like any other transportation these cruises want to be full. When the ship is scheduled to leave no matter what, then selling a cheap ticket is better then selling no ticket at all. Further, the enjoyment of their guests depends on a populated boat.

This is the same reason why traveling in non-peak seasons can get you cheap cruise tickets. It also comes down to simple supply and demand. A holiday season brings with it millions of people fighting for tickets to any given place. In turn, the price goes up because it can. Going on vacation at a time when most other people are staying home can mean the difference between a five hundred dollar cruise and a fifteen hundred dollar cruise.

If all this fails and you find that a cheap cruise still isn’t cheap enough then there’s still one other way to get on the boat. These guys are always hiring.

Christopher M. Luck has an extensive background in working exclusively with cheap cruises and is now offering his free cheap cruise advice to the public. If you are at all interested in Christopher’s personal cruise advice, tips, or secrets, you can visit his cruise blog

When a customer walks into your office, you want to make sure they feel welcome, you want to treat your customer as though they are a piece of gold, and not as a statistic.

Have you ever been standing in a line, and when it comes to your turn to be waited on, the sales associate yells out “next?”

Just thinking about that scenario makes me cringe. It is hardly a way to build a relationship with your customer.

I have been working in sales for more than fifteen years, and I have literally had customers tell me that the most important thing to them is to be appreciated and not treated as a statistic.

Keep this in mind the next time you wait on a customer, instead of yelling “next,” you can politely say, “may I help you Ms. Jones.”

We all have our daily, weekly, and monthly goals that we must meet. And with this pressure applied to our daily work day, it is easy to lose sight of the fact that it is the customer who is the most important thing when it comes to our company’s existence. They are the backbone. Without customers, we cease to exist.

Here are a few tips to ensure that your customer is appreciated by you and your company, and not viewed as just another number in line.

1. Address Your Customer by Name

When addressing your customer, make sure you call them by name. This will put your relationship with your customer on a personal level, and customers like to know that they are remembered. It gives them a felling of importance with you, and your company.

2. Don’t Hurry Them Out the Door

The last thing the customer wants is to be hurried out the door. Remember. You are running a business, where people are your greatest asset. You are not on an assembly line manufacturing cars, so don’t treat your customer as though you are.

When you are finished with your customer’s transaction, ask if there is anything else you can do for them, or if they have any questions for you. You could even use this opportunity to ask if you could go over some of your companies products with them, which you feel could benefit them.

The last thing you want to do is get them in and get them out.

3. Discuss Non-Business Topics

There is more beneath the surface of your customers than just the business that they do with you. People love to talk about themselves, such as their family, their job’s, their pets, their hobbies, etc.
So ask your customer about one of the topics mentioned above, I guarantee they will be delighted to tell you all about it.

This is also a great way to get to know your customer, and build a strong relationship with them.

A strong business relationship is a great opportunity to obtain all of your customer’s business as well as the business of all of their friends and relatives through referrals.

So remember, don’t treat your customer like a statistic, treat them as you would treat one of your friends.

This article may be reproduced by anyone at any time, as long as the authors name and reference links are kept in tact and active.

Jay Conners has more than fifteen years of experience in the banking and Mortgage Industry, He is the owner of www.jconners.com, a mortgage resource site, he is also the owner of www.callprospect.com, a mortgage lead company.