That omission translates to a figure somewhere near 5 billion in taxes owed to the U.S. Treasury Department. With a budget deficit in the trillions and rising, the IRS is expected to increase its audits of both personal and business tax returns as well as pursue greater enforced collection action against individuals and businesses using … Read more
Companies not paying on time ……………… do so for two main reasons. a) they have severe cash flow problems and b) they use their customers as an interest free loan. Trade credit is almost always interest free, in the current climate customers are using their suppliers as loan providers. Any extra delay means money in … Read more
It now seems highly likely that a new Directive dealing with the late payment of commercial debts will shortly be approved. It has already got the green light from The European Parliament. As a new Directive, it will replace the existing Late Payments Directive of 2000, and will seek to bring about a “decisive … Read more