Running a business is hard enough without chasing unpaid invoices or handling customers who walk away from contracts early. Beyond the immediate hit to cash flow, there’s a less visible risk that catches many companies off guard: value-added tax, or VAT.

VAT is meant to be neutral. Businesses collect it from customers and pass it on to governments. But when customers don’t pay or walk away from a deal, the reality can look very different. Companies can end up remitting VAT on revenue they never actually receive, turning what should be a consumer tax into a direct cost for the business.

VAT on Unpaid Invoices and Bad Debt Relief

In most countries, businesses account for…

Losing a steady paycheck can hit hard, especially when the bills keep coming. And, in today’s economic landscape, those bills aren’t just continuing. They’re also growing, especially for those who have racked up credit card debt. According to the latest Federal Reserve data, the total amount of credit card debt nationwide topped $1.2 trillion earlier this year — and the average card…

A legislative working group created to explore student debt relief in Connecticut took an unexpected turn last week when one of its co-chairs, Rep. Eleni Kavros DeGraw (D-Avon), suggested that residents without college degrees are a drag on society. 

The Meeting 

The Relief for Connecticut Borrowers Working Group, co-chaired by Kavros DeGraw and Rep. Corey Paris (D-Stamford), convened August 29 to bring together lawmakers, higher-education officials, and advocates. Its stated purpose:  to develop policy recommendations to help student loan borrowers. 

But midway through the meeting, Rep. Kavros DeGraw shifted from policy discussion to a forceful defense of higher education as the only reliable path to success. 

“The most…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

A HUSBAND gambled away a staggering $1 million over the space of nine to ten years, which left him and his wife desperate for a solution.

Debra, 69, from Sacramento, California, called into The Ramsey Show for help, but the host was left scratching his head as he asked how Debra went so long without doing something.

It turned out that Debra’s husband, 79, was heavily involved in sports betting.

The caller noticed that her husband was moving a lot of money around in the lead-up to her realization.

When confronted, he promised to get the gambling under control and that he could stop whenever he wanted to.

But Debra knew the problem wasn’t going away…

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….