It has been estimated by the Small Business Commissioner that late payments are causing 14,000 businesses to close each year. That is equivalent to 38 businesses a day!
Late payments are crippling SMEs: How to mitigate the impact
Category: SMEs
How to chase late-paying customers without losing them
Late-paying customers are one of the biggest causes of cash flow problems for SMEs.
The top tax-saving opportunities that are often missed by SMEs
Nobody wants to pay more tax than they need to. For SMEs, paying the right amount of tax has become more important than ever.
Cash flow versus profit – Which matters more to an SME?
While profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked.
How could a new Prime Minister impact SMEs in the UK?
With Keir Starmer announcing his resignation as Prime Minister, there has been much speculation about what this means for the future of UK politics.
Accepting cryptocurrency as payment – The tax implications for UK SMEs
One in five of the UK’s top SMEs is already seeing customer demand for cryptocurrency payments, according to a recent survey by payment technology provider DECTA.
Small businesses could face publication of P&L accounts from 2028 – with a caveat
Following months of delays and uncertainty, the Government has confirmed that small businesses in the UK will be required to file balance sheet and profit and loss (P&L) accounts with Companies House.
Why are fewer SMEs investing in their company?
Small and Medium Enterprises (SMEs) are finding the current economic climate challenging, with many reluctant to invest for fear of losing their business entirely.
Government borrowing at record high – how will your business be affected?
Anyone even tangentially involved in UK economics will have noticed that the future is not looking bright.
How Dumbarton FC beat the drop – and what SMEs can learn from their business revival
More often than not, football clubs are seen as a billionaire’s plaything, where lavish amounts of money are spent at the drop of a hat on somebody to kick a ball about.
