News — Business Debt

Today's guest article is written by the owner of the financial help website "Ted Knows Money". Ted James specializes in private, one-on-one coaching and counselling sessions to help people take control of their finances. Learn more About Ted James.  Financial problems sink hundreds of small businesses every day. Don’t let your business fall victim to the same fate! Making smart financial decisions will help your business enjoy higher profit margins, avoid growing pains, and survive worst-case scenarios like the pandemic. In this article, Money Solutions Online offers several actionable tips to improve the financial health of your business. We’ll discuss how to be smart...

This article is for general information and should not be construed as tax advice.  Readers are strongly encouraged to consult their tax adviser regarding their individual tax situation. Is SBA debt forgiveness taxable? There is no doubt about it: the negotiation of a settlement of SBA loan can be challenging. These days, lenders are so overwhelmed due loans that it may take an act of Congress to get them to even return your phone call. Then, when they do return your call, you are asked to complete a series of costly and confusing forms. Once you return this information, it is...