Late payments reform: Welcome change, but is it fast enough?
New research from online accounting platform Sage has found that £11 billion a year is drained from the UK economy by late payments.
New research from online accounting platform Sage has found that £11 billion a year is drained from the UK economy by late payments.
Small businesses are facing rising employment costs and business rates in the upcoming tax year and the pressure on their cash flow can be overwhelming.
The Christmas period can bring a welcome increase in sales and exciting growth opportunities, but a busy trading season does not guarantee financial stability.
A director’s loan allows business owners to access money from their company to help manage short-term issues, such as cash flow problems.
Energy regulator Ofgem has confirmed energy costs will increase by two per cent. The new cost cap will take affect from October and last for the rest of 2025.
With inflation and price rises over the last few years, many businesses may find themselves struggling with their cashflow.