Wednesday , June 23 2021
Home / Finance / Tax Loans and Managing Cash Flow

Tax Loans and Managing Cash Flow

Tax loans are designed to help manage and improve your Practice’s cash flow.

Popular with many professionals our non-secured tax loans allow you to spread the cost of your tax demand into more affordable monthly payments.

Tax demands can be received in different formats dependent on your circumstances. We can fund self-assessment; corporation; capital gains; crossover tax; in addition, we will consider consolidation of existing agreements. Payment can be made directly to HMRC or to a bank account of your choice allowing you to have your tax bill paid on time, avoiding any HMRC late penalties and unnecessary stress.

Benefits of a tax loan:

  • Control of cash flow
  • Fixed monthly payments
  • Flexible repayment terms
  • Faster payment transfer
  • Protects existing bank facilities
  • Quick and simple to arrange
  • HMRC receive payment on time

A tax liability is never welcome and always seems to come at the most inconvenient time. There are so many other things which are all competing for a cut of your income or hard-earned savings! Our flexible and low rate tax loans offer a quick and easy solution, allowing you to keep your existing cash reserves for other needs and finance your HMRC liability, spreading the cost typically over 6 or 12 months, at highly competitive rates.

Alongside Tax Loans, Capital First Finance can assist with other HMRC obligations. As a business, you usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months, even if you have no VAT to pay or reclaim. For those businesses that owe VAT, you can choose to fund the bill once or twice a year, or, as most people do, finance each new quarter VAT return throughout the year.

Here at Capital First Finance we advise that you plan ahead to make sure there is enough working capital for these payments. It’s important to be able to be comfortable in managing these payments year-on-year (or quarter-on-quarter), whilst maintaining your working capital to keep your business running smoothly. This is where a VAT/Tax loan can come in extremely handy.

Capital First Finance Ltd, with 20 years industry experience and having helped 100’s of clients, are here to help and guide you every step of the way.

If you would like to find out more about our Letter Of Credit (LC), Standby Letters of Credit (SBLC), Bank Guarantee (BG), Direct Letter of Credit (DLC), please visit https://www.capitalfirstfinance.org or call one of the team today on +44 7428 302947.

About businesstrending

Check Also

Forex Trading in the United State

Forex Trading in the United States The worldwide forex market is extremely liquid, with an …

Leave a Reply

Your email address will not be published. Required fields are marked *