Are we one step closer to tackling late payments?

The Reporting on Payment Practices and Performance Regulations programme has come into force. This is a crucial step to help tackle the late payments issue that has been a consistent drain on smaller firms and suppliers.

Ask Timpo: Our large clients are bullying us

Q: Many of our large clients are only willing to do business on the basis that we agree to their (ludicrous) payment terms. This means we’re on terms we can’t afford, simply to keep the business and it’s impacting our working capital. Help!