What Does the Prompt Payment Code Mean for my Small Business?

What Does the Prompt Payment Code Mean for my Small Business?

Late payment is a real problem for small businesses, with the COVID-19 pandemic only amplifying this over the last twelve months. The Prompt Payment Code (PPC) is setting out to make a difference, with companies signing up to the scheme pledging to pay on time. What is the Prompt Payment Code? The Prompt Payment Code…

What Can I Do If A Client Won't Pay

What Can I Do If A Client Won’t Pay?

Hopefully, clients and customers will pay on time and without issue. OK, we know that’s not always the case, and customers occasionally, for any number of reasons, won’t pay their bill. Fortunately there are options to take in this situation, as well as measures to try and avoid overdue bills. Prevention is better than cure…

SMEs: Seven Simple Tips to Fix Your Finances

The New Year is a good time to reassess your business and in particular, your finances, so that you can put any necessary changes in place before the new financial year starts in April. Here are seven tips to help you revamp your finances and forge ahead into the New Year with a healthier balance…

Is it Worth Going to Small Claims Court for Unpaid Invoices?

There will come a time in your business life when you have invoices owed to you that remain unpaid. For small businesses this is a tough predicament, likely eating into your income. The small claims court process is designed to help people in exactly this situation. Consider your first steps However, before you head down…