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Bangkok Post, Thailand, tax column.
Aug. 3--WRITING OFF LOSSES INCURRED OVERSEAS: If you're a Thai company exporting goods, one unpleasant experience that you may have had to face is having to write off bad debts incurred by your foreign customers. Fingers-crossed, this doesn't happen too often, but it is an unavoidable fact of doing business.
So, let's assume that your foreign customer fails to make payment for one of your invoices, either wholly or in part.
Commercially, of course, you'll go after that customer with every means at your disposal, which may include re-negotiating the price with them, or even just offering a discount.
But, in a worst-case scenario, where your customer just simply refuses to pay, you have to think of what to do -- which could include taking legal action.
...- Medicare bad-debt litigation continues.(Medicare/Medicaid Litigation)
- Magazine article from: Healthcare Financial Management Sutter, Ronald N. January 1, 1996 700+ words
...three decisions have come down involving bad-debt reimbursement issues--one court of...reasonable collection efforts. Until 1987, bad-debt claims were rarely controversial. During...intermediaries for lax enforcement of HCFA's bad-debt requirements. The intermediaries responded...
- Early classification may ease bad debt burden.
- Magazine article from: Healthcare Financial Management Rode, Dan July 1, 1991 700+ words
...should carefully consider how it classifies bad debt. Because of variations among providers' bad debt procedures, HFMA has not developed a model...and an HFMA monograph on that statement. Bad debt occurs when a party obligated to pay a bill...
- Hospitals can limit Medicare bad debt liability.
- Magazine article from: Healthcare Financial Management Harrison, Joseph R. September 1, 1990 700+ words
Hospitals can limit Medicare bad debt liability Medicare providers can expect...tougher measures for allowing Medicare bad debt payments. HCFA's recent crackdown is expected to sharply reduce bad debt payments unless providers can meet stiffer...
- Determining an allowance for bad debt.
- Magazine article from: Healthcare Financial Management Rode, Dan April 1, 1991 700+ words
Determining an allowance for bad debt Once a healthcare facility has developed policies for bad debt and charity care, its next task is to settle on a method for estimating a bad debt allowance. Although several approaches can be taken to estimate...
- Claiming business bad debt deductions.
- Magazine article from: The Tax Adviser Ellentuck, Albert B. July 1, 1996 700+ words
...000 plus the $10,000 loan payment. Issues: Does Jack have a bad debt deduction for 1995? * What must be done to substantiate a bad debt deduction? Analysis A business bad debt is a loss from a debt created or acquired in connection with a...
- Bad debt rising: when to sell your accounts receivable.
- Magazine article from: Healthcare Financial Management August 1, 2004 700+ words
...And then they attempted to merge their bad debt. In the case of two large Midwest hospitals...determining what to do with a combined bad debt of more than $100 million was one of...thing we wanted to be dealing with was bad debt," she says. One option the team explored...
- Courts reverse HCFA on bad-debt issue. (Healthcare Financing Administration)...
- Magazine article from: Healthcare Financial Management Sutter, Ronald N. April 1, 1994 700+ words
...few Medicare providers will have to fear bad-debt disallowances. Historically, Medicare...failing to properly enforce the Medicare bad-debt rules. Encouraged by HCFA directives...legislation designed to curb overly aggressive bad-debt disallowances. Congress first acted in...
- The Commercial Fraud Shell Game: What seems like bad debt could simply be...
- Magazine article from: Collections & Credit Risk Director, Carolyn Hardin-Levine April 1, 2006 700+ words
...under the radar, going undetected as bad debt. Industry executives Experian has talked...percent. That means a large chunk of bad debt could be mitigated if there were a way...for properly identifying fraud versus bad debt? How can sound fraud risk strategies...
Source: HighBeam Research, Bangkok Post, Thailand, tax column.