Worst offenders to be named and shamed under new late payment system
New proposals could expose large businesses that fail to pay suppliers on time, helping small business owners avoid doing business with repeat offenders. more»
Tax & admin
Late payments scandal: Average small business owed £24,841 in unpaid invoices
The average small UK business owner is owed £24,841 in late payments on any given day, according to a study of two million invoices. more»
Freelancer’s guide to invoicing: Everything you need to get paid
Sending out clear, concise, well-designed invoices is important to get you paid – and making it easy for your clients to pay you is necessary to get you paid on time. more»
HMRC catches VAT fraudster who set up fake companies in £120,000 scam
A London grocer who used fake companies to claim almost £120,000 in VAT repayments has been sentenced by HMRC. more»
Waiting on an invoice payment? Don’t expect it before Christmas
Today, 13 November, is statistically the last day that SMEs can be guaranteed to get paid in time for Christmas because of habitually late client payments. more»
When your boss sends a suspicious email, what do you do? Impersonation fraudster exposed
Just as we get our heads around phishing tactics, the scammers change the game. When our editorial director sent us an urgent morning email, something didn’t seem right. more»
How cyber criminals swindled £77m out of small businesses last year
Small business owners lost £77m last year after cyber-criminals tricked them into making fraudulent payments, according to new figures. more»
Everything a micro business needs to know about receiving and sending invoices
Even though they aren’t profit-earning in and of themselves, invoices are integral to the bottom line and something you need to get to grips with. more»
Is a purchase order legally binding?
Grid Law founder David Walker reflects on a client's recent legal dispute to clarify a question frequently asked by micro business owners: Is a purchase order legally binding? more»
Unpaid invoices worth £40,000 leave one in four business owners “struggling”
Despite government initiatives to crack down on late payments, a quarter of small UK business owners say they are owed over £40,000 from customers. more»
