Premium Credit

Accountants’ cash flow worsened in 12 months, Premium Credit finds

A total of 36% of accountants and financial advisers have seen their cash flow worsen over the past 12 months compared with 29% who said it has improved, according to a study by Premium Credit.  The study, which was conducted among 105 professionals, found that one in three (33%) expects…

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Premium Credit lends £650m towards FCA fees to date

Premium Credit has contributed over £650m to date to firms to pay the FCA’s Top Up fee invoices in convenient monthly instalments instead of single lump sum payments, helping them improve cash flow.  This comes as the FCA issues two invoices per year. In the previous year, total fees exceeded…

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Half of accountant firms face cash flow issues, says Premium Credit

Half of accountancy firms say their cash flow has deteriorated over the past 12 months as clients struggle to pay professional fees, new research from leading provider of finance Premium Credit shows. The study found one in six (16%) say cashflow has deteriorated dramatically while 34% say it has weakened…

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Accountants concerned about clients’ inability to pay taxes

Accountants and financial advisers are becoming increasingly concerned about their clients’ ability to pay important tax bills, new research from leading provider of finance for companies Premium Credit shows.  Almost all (98%) of the accountants and financial advisers supporting clients with tax say the numbers struggling to pay bills has…

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Premium Credit launches FCA finance facility for accountants

Premium Credit is offering a finance facility to accounting firms as a way to help them preserve cash flow, as the FCA sent out invoices to accountants requesting payment of annual fees.  Paying the cost of FCA fees by an instalment facility allows accountants and wider regulated firms to spend…

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