What Is the New Fair Payments Code and How Does It Help Small Businesses?

In today’s video, we’re diving into the government’s new initiative. The Fair Payments Code is designed to help small businesses tackle the growing issue of late payments. The new code introduces a tiered system. Gold, Silver, and Bronze—to encourage businesses to pay on time and help ensure that small businesses are not negatively affected by delayed payments.

We’ll walk you through how the awards work, what businesses need to do to earn them, and how this can benefit your business. Plus, we’ll share practical tips on managing late payments and keeping your cash flow steady.

If you’re tired of dealing with overdue invoices or want to know more about how this code can benefit your small business, make sure to watch till the end!

Need help managing cash flow or late payments? Get in touch with our experts at Naseems Accountants—we’re here to support you!

Book a free consultation now at 0121 771 4161 or visit our website at www.naseems.co.uk