Many Rio olympics invoices unpaid despite promises
They call it the greatest show on Earth. With 11,000 athletes from 207 countries taking part in 306 events, the 2016 Rio Olympics did not disappoint in terms of size, delivering a mammoth festival of sport unrivalled by anything else on the planet. But with mammoth size comes mammoth challenge, namely the gigantic task of organising and running the show. Staging the greatest show on Earth demands ...
How to: Reclaim digital content if a client wont pay
Consider the following scenario. You are a small, up and coming web design company contracted to create a brand new site for a consumer-facing business. They want the works, attention grabbing graphic design, cutting edge multimedia content, intuitive and interactive navigation, and quality text content. Your small team spends weeks painstakingly programming the source code and curating the conten...
Will late payment law change post Brexit?
The only thing anyone can be certain about at this stage following June’s vote for the UK to leave the EU is that no one is going to be certain about anything else very quickly. Brexit has understandably created huge interest and nervousness in the business community as companies try to work out how the break from Britain’s largest trading partner will impact on them.
5 Red flags to spot risky freelance clients
Having to deal with invoices that are not paid on time is stressful for any business owner. Late payments can seriously disrupt cash flow, take precious time to sort out, and can sour relationships with clients. Most late payments are one offs and arise from perfectly understandable circumstances. With a little dialogue and a little patience, most can be resolved amicably. But what about that smal...
Fraud warning: increase in “Fake CEO” fraud
Small and medium sized businesses need to be aware of a rising wave of frauds affecting companies big and small. The current most frequently used type of fraud is often called “Fake CEO Fraud” and we would urge all UK businesses to stay vigilant or potentially stand to lose significant sums.
How to Create a Cash Flow Forecast
For thousands of small to medium sized businesses, cash flow is probably the single most important aspect of financial management. And yet when it comes to planning and forecasting, it often receives scant attention. Indeed, many businesses unfortunately only realise how crucial cash flow is when problems occur.