The economic recovery has instilled confidence into a huge number of businesses and many are now investing in plans for growth. Careful management of VAT and Corporation Tax bills can help ensure that they do not delay these plans or place unnecessary pressure on cash flow. The upcoming July 31st deadline presents a good opportunity to review how your business is managing its tax costs.
The specialised finance options we offer here at LDF can help you to ensure that your Tax payments are regular and convenient, freeing up profits for investment in growth and expansion.
Many SMEs find that VAT payments can be a little tricky, since they are paid on invoiced work rather than bills paid. It is not rare for a business to take on a new client, invoice them for work, and have to pay a large VAT bill on that before receiving payment.
Here at LDF we offer a 3 month finance option to help spread the cost of VAT payment over a more manageable period. This means you receive a regular smaller bill each month, rather than a big bill once a quarter.
Corporation Tax bills come once a year and tend to be more predictable. They can still, however, arrive at inopportune moments, for example, just as a business has earmarked an interesting investment or growth opportunity. Here at LDF we can help you streamline the payment process by spreading it across a 6, 10 or 12 month period.
We’ve seen a sharp rise in the number of businesses seeking funding to cover tax bills in recent times, as they look to invest time and resources into strategies for growth. This could mean investment in new staff, equipment and machinery, or an expansion of order books.
Like this article? You may also be interested in...