FastUpFront Blog:

Bad debts and recessions go hand in hand. This kind of debt can take the form of a credit purchase gone sour, or a vendor loan that never gets repaid.

 
There are also bad debt expenses, defined as any expense the company incurs when it is trying to collect on receivables that are long past due.
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The 2009 tax season may have come to an end. But now that all the dust has settled and those tax returns have been spent, its time to begin thinking about 2010…
To get you started, take a look at these strange, but true attempts individuals have made to reduce their tax burdens. And yes, many [...]