Late payments to self-employed in the spotlight
self employed
Photo Credit: joguldi via Compfight cc

Throughout the last parliamentary term, the coalition government came under criticism for focusing on SMEs without keeping in mind the needs of micro-businesses and self-employed individuals.

However, the reappointment of David Morris as the government’s ‘self-employment ambassador’ could help to ensure sole traders and micro-businesses’ interests are kept in the spotlight over the coming years.

Mr Morris has a background in small business, including working for himself in the past, giving him a headstart when it comes to understanding the kinds of issues faced by the UK’s smallest companies and individuals.

He said: “As a self-employed businessman for many years before being elected to parliament, I know only too well how complicated legislation can burden businesses and, over the last 6-8 months in the post, I have enjoyed speaking to businesses both in my own constituency and nationwide about how the government can help their business thrive.”

Mr Morris will be working with the Association of Independent Professionals and the Self-Employed (IPSE), which represents those who work for themselves.

IPSE chief executive Chris Bryce said: “With a small business background and having been self-employed himself, David has a keen understanding of the issues that the smallest businesses face on a daily basis, such as late payment and getting access to the support and training needed to succeed.”

One challenge for individuals and micro-businesses is keeping on top of credit control, particularly if you are an entrepreneur with little or no financial training, and just a good marketable idea to build your business around.

When you outsource credit control, you can benefit in a number of ways, not least of which is gaining access to the experience and expertise of a professional credit controller to handle your invoicing. For more advantages, read our top 5 benefits of having a credit controller.

You can also get a direct support line for enquiries about invoices, which will be routed through to your outsourced credit control team rather than coming through to your own phone.

This helps to put out a professional image, as you clearly have a finance team rather than handling your finances yourself; it has the added bonus that debtors do not get your personal telephone number, so you will not be disturbed by enquiries late at night, at the weekends, or when you are on holiday.

If you would like to talk to a member of our team please call 0808 271 8565.

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