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Debt Recovery Priority

Written on 17 Oct 2008, 11:34 AM

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Cashflow is vital to any business. (We have said it before and we will say it again!). 

Without cashflow a business can suffocate and there are many factors to improving your cash flow in order to make your business grow and become profitable. 

In this article we are going to focus upon Debt Recovery within a business and what action you can take during these crucial times.

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Whether you are a small business owner or a self employed individual you may find yourself trying to track down payment from a customer who has an outstanding invoice. 

All outstanding invoices over 30 days have an immediate impact on your monthly cashflow.  It is important at this stage to communicate regularly until the matter is resolved.

If the invoice is outstanding for 60 days then it should be treated a... Read more

31st October Tax Return Deadline

Written on 17 Oct 2008, 11:31 AM

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A new tax return deadline has been introduced this year which you should be aware of. If you have been sent a self assessment tax return before or on 31st of July 2008 and you are not filing online then the new deadline is 31st October 2008.

Over three million people left their tax returns until January last year and we believe HMRC are aiming to reduce the amount of people waiting until January to file their returns. 

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If the paper return is filed after this deadline you will be charged an automatic penalty ofRead more