Tips for preventing late payments as a small business
Posted onSmall businesses saw a sharp increase in the length of time clients took to pay their invoices last month, according to data from accounting software Xero.
Small businesses saw a sharp increase in the length of time clients took to pay their invoices last month, according to data from accounting software Xero.
It’s important to stay up to date with the latest regulations and requirements related to taxes, including Value Added Tax (VAT) to avoid penalties.
Selling a business in the UK can be an exciting journey for those looking for opportunities to expand their portfolio.
As a new business owner, you may feel you can manage your workload single-handedly.
There are many reasons for changing how a business operates which may include changing relationships between business and customers.
In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business.
You have overcome those initial obstacles to starting a new business and are now trading comfortably. The question is, where do I go from here?
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.
As a business owner, the financial health of your company plays a key part in every decision you make.
For most small businesses, Christmas is the busiest time of the year, having a large impact on yearly revenue.
You probably already know all about the new IR35 changes that are coming our way next April, but have you taken the time to work out what it means for you? Here at R Johnson Ltd., we have all the information you need and offer the protection that umbrella employees need.
The main gist of the changes means that you are no longer able to decide whether you are a contractor or an employee, and this decision will now be made by the person or organisation that is contracting you to work. This new rule comes with concerns that you will spend a lot of time trying to get decisions changed and overturned, taking away your time from completing the work that you get paid for.
Along with this change comes the continued pressure of ensuring you get paid on time by your clients, and this can add huge pressure to both your working and personal life. Rather than letting IR35 add more strain, let us bear the weight on your behalf.
We have a solution, let us fight for you so that you can focus on making the money you need. Our Payd Umbrella service not only gets you paid on time, but it also takes all the pressure off you when it comes to requesting payment.
We are an accounting and tax specialist who work closely with our clients, helping to create businesses that are sustainable and profitable. As an umbrella company, you can expect the highest standards of care when you entrust us with your finances.
It is simple, you send us your approved timesheets, and we will make sure that you get the money that is owed to you on time. If you have been looking at an umbrella companies calculator online, then you will see how much other companies will charge you, and that figure can eat into your pay significantly. Our umbrella company's fees amount to just £80 + VAT per month, and for that, you get access to expert advice and support so that you can depend on getting paid on time.
In addition to ensuring that you are paid on time, every time, we will also complete all your RTI filing and Pension requirements so that you can sleep easy at night knowing you are not in violation of any rules. You will also be able to get access to life insurance, holiday pay, statutory pay, and accounting services that will keep everything, including your pension arrangement, in good working order.
If you like the sound of what we have to offer and want to get prepared for the new IR35 rules, then get in touch with us to discuss your requirements. It's never been easier to sort out your finances, and with a Payd Umbrella service like ours, you will never need to wait to get paid again!
Kindly note that, if you choose to cancel your subscription at any time after your 14 days cooling-off period, you will have to pay the balance of your annual subscription fee.
Outsource your Accounts Payable function to us for 2% (or less) of your total payments. We provide an automated accounts payable solution that is cost-efficient, time-saving, and value-adding.
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Contact us today to arrange an explorative meeting.