08/06/2026
This week at LTG Accountants 💡
The Small Business Protections Bill has been introduced in Parliament following its mention in the King’s Speech. It aims to ease payment difficulties for smaller businesses, featuring a 60-day cap on payment terms from large firms, mandatory interest on late payments, and prohibition of retention payments in construction. The Small Business Commissioner will gain powers to investigate and fine late payers, and large companies must publish late payment performance. How do you think these measures will impact small businesses? Share your thoughts below! 💬