Wrongful Trading is Back; Prompt Payment Code Changes; and Cashflow Planning

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Manage episode 296652692 series 1185172
Player FM과 저희 커뮤니티의 Business Finance Bulletin and Rob Warlow 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.
Although the moratorium on Statutory Demands and Winding Up petitions was recently extended, the moratorium on Wrong Trading was not. Opening this latest Bulletin, I look at how the reintroduction of Wrongful Trading with effect from 1st July could impact company Directors. Late payment continues to be concern for small businesses, but I have good news with changes to the Prompt Payment Code now coming into effect. We look at the new commitment signatories to the Code made have in terms of paying small business invoices quicker than before. To wrap up this edition, a look at how with sales increasing for many businesses, now more than ever is the time to plan your cashflow requirements for the next few months.

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