Archive for March 2024
Unveiling the Secret Ingredient for Charging Interest on Late Payments Without Terms and Conditions
Are late payments from clients causing a strain on your business’s cash flow? As a debt recovery specialist, I’ve seen countless businesses struggle with overdue invoices, especially when they lack clear terms and conditions. However, a little-known secret ingredient that can empower you to charge interest and penalties on those late payments is the Late Payment of Commercial Debts and Interest Act 1998.
Read MoreWhat has the Spring Budget done to ease constraints on Personally Guaranteed Debt?
In short, nothing. So, what is the point of this blog?
Well, some reliefs have been put in place. However, having attended two professional seminars in the past few days (TMA and Quantuma), the outlook economically is dire and will likely get worse before it gets better.
Read MoreNavigating Recession: Understanding Business Owners’ Despair and Hope
In economic downturns, businesses face treacherous terrain, evoking fear and uncertainty among owners as they confront shrinking consumer demand, dwindling profits, and the threat of closure. Yet, amidst despair lie rays of hope and strategies for resilience.
Read More