Let me ask you a question… if you own your own business why are you still trying to handle debt collection efforts on your own?
Just the other day the IRS announced that it will contract with four (4) PRIVATE collection agencies to help them collect outstanding tax debt. You read that right, the government is turning to professional help to collect what is owed.
IRS to Contract with Four Agencies
In fact, you can read this notice on the IRS website:
The Internal Revenue Service announced today that it plans to begin private collection of certain overdue federal tax debts next spring and has selected four contractors to implement the new program.
The new program, authorized under a federal law enacted by Congress last December, enables these designated contractors to collect, on the government’s behalf, outstanding inactive tax receivables. As a condition of receiving a contract, these agencies must respect taxpayer rights including, among other things, abiding by the consumer protection provisions of the Fair Debt Collection Practices Act.
So what is the key should you decide to hire an outside agency?
Make sure they are licensed to do business in your state and the state(s) of your former (or existing) customers, clients or patients. Also, ask about their track record when it comes to working with a business or practice like yours.
That’s the key.
And by outsourcing your collection headaches you free up time and shift any potential liability to the agency that you hire.
Find the right collection agency today
Save time, money and aggravation by hiring a professional who can help you collect some (or all?) of your outstanding revenue.
Click the link and compare free collection agency quotes today.
After all, when you get down to it you really have two choices:
- you can keep doing what you’re doing (and hope for a different result)
- you can work with a commercial collection agency that can help you recover what’s rightfully yours.
Either way it’s your money… you decide.