Cash Profit
“I have a massive pile of unpaid invoices from deadbeat clients, how do I write off bad debt to lower my profit margin and save on taxes?”
Bad debt treatment often depends on how the invoices were originally booked, whether the amounts were ever included in income, and what records show that collection efforts were made before the accounts became uncollectible. For businesses on accrual accounting, the timing and documentation can matter a great deal, especially when client balances are old, disputed, or tied to services already performed. The facts behind the unpaid invoices, the accounting method used, and whether any partial payments or recoveries occurred can all affect how the write-off is reflected in profit and tax reporting. Working through the specifics with a CPA is the cleanest way to land on the right move.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“How do I know how much of my money is actually mine vs the IRS's?”
“I am bundling physical equipment sales with installation services to lower my overall sales tax burden, is this a legally compliant tax strategy?”
“My cash flow is incredibly tight this month, can I legally delay depositing my employees' withheld payroll taxes to the IRS to keep the lights on?”
“We experienced a massive drop in revenue this quarter, are there any immediate federal tax credits available to help me keep my employees on payroll?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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