Remove Bankruptcy Remove Cash Flow Remove Debt Remove Washington
article thumbnail

Contractor Cash Flow Problems Caused By A Bookkeeping Troll

Contractor Bookkeeping

Several Washington State Department of Revenue sales tax reports and payments were never filed and paid. He needed help deciding to close his business, file bankruptcy and go to work for a competitor as a superintendent or turn his business around and make a go of it. At that point he knew something was very, very wrong.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

This allows many companies to recover investments more quickly, significantly reducing personal property’s full cash value, and taxes owed, over five years. Additionally, the company must demonstrate that it can service the debt. Applicant must have 10 percent equity in cash for the loan. TAX INCENTIVES.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. Applicant must have 10 percent equity in cash for the loan.

Income 75