We know that for many businesses covering the considerable cost of annual income tax liability can be tough. It can often fall at the most inconvenient of times, reducing cash resources that could be used to further develop your business.
With the July 31st deadline fast approaching, considering how best to cover this cost is key. Our tax loan product is purposely designed to assist in spreading essential tax repayments over a 6 to 12 month term. Whether you have allocated the funds for this payment already, or are looking for another means of covering your bill, a tax loan could provide you with a fast and flexible solution.
In recent years we have seen a significant increase in the number of businesses choosing to finance this outlay, as a means to retain cash flow advantage with an increase of 14% experienced in 2014 against 2013 figures. This is also echoed in increases across other areas of taxation funding offered by LDF such as corporation tax and VAT, up in excess of 12% during the same period.
This increase in finance adoption is evident and supports a rising understanding of the many benefits afforded by finance and the importance of maintaining adequate cash resource. If you would like to understand how tax finance could assist you, we would be happy to discuss this.