AS the cliché goes, Britain’s army of five million small business owners are the ‘backbone of the British economy’.
So it’s worrying for TS to hear that our economy’s backbone is suffering with an acute case of ‘late payment syndrome’, with research from cloud accounting software company Xero revealing that 10% of SME owners are struggling to settle invoices, something which will no doubt have a knock-on effect on their accountants.
To remedy the situation, Xero has taken some singing lessons and released a parody of Adele’s Chasing pavements with the aptly titled, Chasing Payments.
Recorded by and starring Xero customers, the video has been created as a tongue-in-cheek tool for business owners to share with late payers to encourage faster payment.
With strong financial year results, Xero has money to burn, so next time it wants to make a parody music video; they may just set fire to the rain…
Big Four firm Deloitte has announced its investment in blockchain start-up SETL as well as a partnership with VTC Group
Clients and business advisers can now connect to small businesses through a Facebook Messenger chatbot service, provided by Xero
It has been another glittering night in the accountancy calendar. A range of practices big and small, plus outstanding individuals, have been rewarded for their efforts in the British Accountancy Awards 2016
Making Tax Digital responses to the consultations expected in January 2017