Milsted Langdon on keeping payroll steady when cash runs tight

Payroll is the one bill that will not wait, and Milsted Langdon has published a sensible note on protecting it before pressure arrives.

The firm points out that salaries, PAYE, National Insurance and pensions fall due on fixed dates whatever the month has brought in, which is why a cash squeeze so often shows itself in the wage run first. Its remedy is practical: a ringfenced reserve for wages and related tax, forecasts that look several months ahead, and regular checks that submissions to HMRC are accurate and timely.

A calm, well-judged piece from a member that knows the subject thoroughly.