The government has announced a package of measures to ensure small businesses get paid on time.
The start of the new tax year means that shareholders and directors may want to review the salary and dividend mix for 2019/20 to ensure that you are in the best possible tax position.
Nearly a quarter of UK businesses report that late payments threaten their survival. The Federation of Small Businesses reports that the problem goes beyond just paying late.
There are different rules for sole traders and limited companies on how long you need to keep your business records.