The EU late payment directive comes into force on March 16, 2013. Unlike much of the support for late payment this legislation appears to have teeth, so you should use it to bite back.
But make sure you pay your creditors in good time!
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Financial information is the lifeblood of every business.
A client of ours, long-established as a one-man company, is about to win several large contracts. Clearly this is very good news, but not without risks and pitfalls.
In businesses where you get paid upfront you have to be so careful to remember that costs and cash outflows will follow the cash inflows – so do not spend all the money! 



