Eighteen companies – including BT Plc, British American Tobacco, and Centrica – have been suspended from the Prompt Payment Code for failing to pay suppliers on time, the Chartered Institute of Credit Management (CICM) announced. Screwfix, Prudential, and various businesses of BAE Systems are also among those that have failed to honour their Code commitment […]
If your business is VAT registered with a turnover above the VAT threshold then you will be required to use the new guidelines of Making Tax Digital (MTD) for VAT by law from the 1st April 2019. The primary aim of Making Tax Digital is to make the administration of tax effective and easier for taxpayers […]
#MicroBizMatters Day is the only annual day of recognition, action and learning for micro business owners anywhere, those that employ 0 to 9 or turnover up to £2 million annually. Being part of this rocking day is only a click away! Decide how you will be part of the #MicroBizMatters Day phenomenon then start spreading […]
The Small Business Commissioner, Paul Uppal, and Suzanne Burke (Head of Operations) visited the Forum offices in Knutsford on the 28th June 2018, to talk about late payment and to answer a number of burning questions from our members regarding unfair business practices and late payment. Late payment is an issue that impacts 5.7 million small […]
One in four SMEs continue to face a late payments problem, Close Brothers research reveals The scale of late payments continues to increase with one in four SMEs owed more than £40,000 Almost half of SMEs now using or considering invoice finance products Small and medium-sized enterprises continue to suffer from late payments from customers […]
Money, money, money. It’s all too often the topic of choice nowadays, certainly since the 2008 crash. Banks supposedly don’t have enough of it, small businesses want more but can’t access it, while big businesses have it but don’t like to part with it. But as the old saying runs, money makes the world go […]