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Taking Your Client to Court Over Debts
Legal proceedings are not to be taken lightly and even more so when it comes to debt recovery and there are pros and cons to be considered when it comes to recovering the money a client owes you. To put it bluntly, taking your client to court is pretty much guaranteed to destroy the relationship…
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Don’t Give Up Chasing That International Business Debt
With all this talk of Brexit you can be forgiven for thinking anything involving international business is fraught with red tape and hostile foreign nationals out to get us. In some cases you may be right and it can be much more difficult to recover debts from customers abroad than here in the UK. To…
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Lack of Awareness Of Late Payment Law Could Be Costing You Money
Late paying customers are not only a nuisance, they can also cost your business more than the sums they owe. Fortunately there are laws to protect your business from late paying customers and it is worth reading up on them if you ever need to take advantage. So the first thing to do if you…
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Should You Use Social Media To Get Your Invoices Paid?
There is little doubt that social media has brought about revolutionary changes in the way we communicate with each other. Even the US president uses it as a way to communicate his thoughts about other world leaders and the issues of the day so does that mean it’s ok for business owners to use it…
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Top Tips To Help Freelancers Get Paid On Time
Freelancers are often overworked and underpaid because they lack all the support a fully fledged business will have in dealing with the financial aspects of a business. The freelancer will not only be doing the work, they will also be required to be their operation’s collection department, accountant and salesperson all in one. This of…
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If You’re Thinking of Writing Off Bad Debt, Read This First
A common reaction of business owners to non-payment is to simply give up the pursuit and simply write money owing off as a bad debt. This is usually because the perceived cost and hassle involved with debt recovery seems to outweigh the benefits. Yet writing off bad debt means two things, you don’t receive the…