Is a credit card statement considered a viable replacement of a receipt for income tax documentation of expenses or are credit card slips still required?

How does new Emergency Homeowner Loan Program (EHLP) work?

How many people actually go in for a Health Insurance? It is observed that most people think it is a waste of money so avoid it. What do you think?

Share your experience of using a bad credit loan or a payday loan: was is it helpful for you?

Has anyone ever used invoice financing for their business? How was the experience and what benefits did you get?

Can anyone share some tips for budding entrepreneurs. What are the do's and dont's for them.

Which washer/dryer will qualify for an energy-efficient tax credit?

What are the advantages of factoring?
Factoring allows your company to get instant cash, in less than 24 hours. Factoring can be defined as a process when a third party firm, known as a factor, purchases the accounts receivable of a business and gives it cash advance based on those bills (that are unpaid). It has a number of benefits like:
1. Does not require collateral
2. Good use for growth
3. Qualify for more and more funding
Do you agree with this? Are there any more benefits?