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PayPal, a payments giant which is currently being spun out of eBay, is now offering a similar service to its merchants.An invoice worth its weight in goldSmall businesses would love to be able to monetise what is often one of their biggest assets: the money customers owe them.
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Judges are investigating claims that the party faked invoices worth 10m euros (£8m; $13.6m) during the 2012 presidential campaign to cover increasing costs.
According to payment systems provider Sage Pay, nearly two-thirds of UK businesses experience late payments of 90 days or more, with invoices worth £55bn ($91.5bn 66.5bnn euros) remaining unpaid or outstanding.
But the extra red tape would be costly and hard to justify in the face of a problem that, though clearly big, is unquantifiable.In the meantime, launderers who curb their greed and invoice goods worth $10 for $9, or $11, will probably continue to get away with it.
James Cowper's Holland says: "If customers are habitually late payers it might be worth considering invoice discounting, where a third party advances a percentage of funds against unpaid invoices.
Jim Devine, MP for Livingston, first got in trouble over his expenses when he submitted invoices for electrical work worth £2,157 from a company with an allegedly fake address and an invalid VAT number.
For example, if there are $100,000 worth of current invoices and the balance paid is $95,000, then 95 percent of current invoices have been paid.
The authorities said the brothers directed their subcontractors to create nearly $1 million worth of false invoices.
Two cells away was former Labour MP Jim Devine (jailed for claiming £8,385 worth of false invoices), while on the upper floor was fellow Tory Lord Taylor of Warwick (jailed for false accounting to the tune of £11,277).
Miller more than doubles his accounting staff to probe three years worth of payments and invoices.
Another factor to keep in mind: If you have any concerns about getting paid, it's not worth it to delay invoicing just for the tax benefits.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com