# @kcaaccountants on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DA8A3IUMmTo
- **Gondola URL:** https://gondola.cc/posts/23853643-kcaaccountants-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/192b7e0c65.jpg
- **Posted:** 2024-10-10T08:56:39.000+00:00
- **Account Owner:** KCA Accountants (@KCAaccountants) — https://gondola.cc/KCAaccountants

## Caption

According to the Department for Business and Trade (DBT), late payments cost small businesses an average of £22,000 a year and 56 million hours of lost productivity. To combat this, the government is introducing new measures to support SMEs and self-employed workers to tackle the "scourge of late payments" that closes 50,000 businesses annually.

With 52% of UK small businesses affected by late payments, new legislation will hold larger firms accountable. Plus, a Fair Payment Code is coming this autumn, setting higher standards for payment practices. 📊💼

Stay tuned for updates on how these changes could protect your business!

#KcaAccountants #EssexAccountants #SmallBusiness #LatePayments #SMEs #BusinessSupport #FairPayment

## Stats

- **Views:** 0
- **Likes:** 3
- **Shares:** 0
- **Comments:** 0

## Tags

smes, essexaccountants, latepayments, fairpayment, kcaaccountants, businesssupport, smallbusiness

---
Copyright (c) Gondola