Saturday 27th May 2017

Chelsea beat Arsenal in prompt payments

Swansea lead the Creditsafe Premier League prompt payment table with Middlesbourgh matching them with payment terms of just 1 day beyond agreed terms. 

Chelsea have finished 14th in the table 3 places above Arsenal.  Could this be a omen for todays FA Cup? Or can Arsenal turn the "credit form book" upside down and come out on top of Chelsea?

With Arsenal hovering around the relegation zone with 23 days beyond agreed payment terms. The only consistency with the real premier league seems to be Sunderland who finished bottom of both tables.

According to the Federation of Small Businesses late payments are estimated to cost the UK economy £2.5bn a year. Overall, £26bn is owed to UK small businesses and 50,000 are forced out of business each year as a result.


May deadline dates for HMRC and Companies House

 If you are involved in the running of a Small Business you should take note of these key VAT, PAYE, Income Tax, National Insurance, Corporation Tax and Companies House dates for May


Give yourself a gift and save tax

 A company can give gifts up to £50 in value to its directors and secretary, without creating taxable benefits. In other words, you can receive a gift from your company and reduce your corporation tax bill.


How paying rent for your home office can save you tax

 This is a great tax tip on how to take funds out of your company with little or no tax to pay