Inspired by a few recent emails we’ve received that amounted to no more than an outlet for some bad-client-induced rage, we’re today introducing the RantBot. If you’ve got a torrid tale to tell about a terrible client who caused you to lose what little hair you have left, send it over!
Europe’s largest credit management organisation, the Institute of Credit Management (ICM), has launched a petition in conjunction with the commercial credit referencing agency Graydon UK, to prompt a Government rethink on plans to exempt micro-businesses from having to file accounts at Companies House.
Although some freelancers may find it more difficult to obtain a good credit card than a full-time employee, there’s a lot of disinformation flying around about freelancers and credit cards. Here we’ll bust three common myths.
HM Revenue and Customs have released a new action plan designed – not the same as committed – to significantly opening up the public sector marketplace to small businesses. The actions outlined in the document range from increasing the amount of information available and holding ‘product surgeries’, to piloting new procurement methods and increasing SME access to sub-contracting opportunities.
A new survey has revealed that over the last six months the issue of late payments has worsened for over a third of small businesses, compounding the evidence gathered in a recent survey by BACS which highlighted the especially bad behaviour of large corporations when paying their suppliers.
The Time to Pay scheme was implemented set up during the recession to allow businesses to defer their tax payments. Over half of requests for rearrangement concerned less than £10,000 of tax, underlining the importance of the scheme to small businesses.
Going freelance is a big step for anyone. It takes a not insignificant amount of confidence to leave the cosy 9-to-5 world and step out on your own, but landing that first client is a feeling like no other. However, a common problem for first-time freelancers is Invoice Anxiety. When should you invoice? What should you do if your client doesn’t pay straight away?
According to research by payment behemoth Bacs, Britain’s small and medium businesses are being bent over the proverbial barrel by large corporates, who continue to be the worst offenders in terms of prompt payments. According to Bacs, half of the UK’s SMEs have suffered late payments – the average payment period being a staggering 52 days.
One unfortunate side-effect of being self-employed is having to manage your own company finances. Nobody gets into freelancing to be an accountant (except, perhaps, freelance accountants), and chasing payments can be a colossal drain on time and morale. We’ve already published a straight-forward guide to getting paid on time, but what happens if your clients refuse to pay?
Michael Rose | Money,Technology
Are slow payers crippling your cash flow? Are you spending too much time chasing overdue accounts and stifling your productivity? Spending more of your valuable time chasing payments than new customers?
There’s an app for that.
“A sale is not a sale until the money is in the bank”. It’s a great rule of thumb but it’s surprising how many businesses forget this golden rule and over-extend themselves. For many freelancers the long awaited big contract is one of the main reasons to be in business. However, whether your customer is a small business or a very large one, it is critically important to ensure they can and will pay you.
Creditsafe’s 16-page guide is crammed full of top tips for making sure you will get paid.
Andy continues his talk with credit control experts Rob Warlow and Adam Home and Darren Fell of Crunch about credit control and debt collection. In today’s show we ask: What should we do if it all starts to go wrong?
Podcast 26: Credit Control and Debt Collection (part 2) [ 26:42 ] Play Now | Play in Popup | Download
