Late payments are crippling SMEs: How to mitigate the impact
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Late payments are crippling SMEs: How to mitigate the impact | Accountants Bury St Edmunds, Ipswich & Thetford
It has been estimated by the Small Business Commissioner that late payments are causing 14,000 businesses to close each year. That is equivalent to 38 businesses a day! Many business owners are spending their time chasing payments rather than actually… The post Late payments are crippling SMEs: How to mitigate the impact appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.
Late payments are crippling SMEs: How to mitigate the impact
It has been estimated by the Small Business Commissioner that late payments are causing 14,000 businesses to close each year. That is equivalent to 38 businesses a day! Many business owners are spending their time chasing payments rather than actually running their business. It is important to understand how to mitigate the effect of late payments as, in a time of economic uncertainty, late payments are creating further challenges for SMEs. What…
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