What tax relief can be claimed on bad debts?
Posted in Churchill Recovery, Debt Charities, Debt Collection, Debt Collection Agencies, Debt Collection Company, Debt Recovery, Debt Recovery Processes, Debtor, Late Payment, Recover Payments, Recover Your Debts, Recovering Debt, SMEs
Write-off bad debt and claim bad debt relief to avoid paying tax on income that you have not received. Most businesses will eventually encounter a non-paying customer, especially during today’s difficult economic climate. Bad debts can be very damaging to businesses of all shapes and sizes, so it’s important to minimise your losses by claiming…