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Tax Funding for Professional Practices

Key benefits of professions tax funding:

  • Unsecured loan
  • Spread the cost of your bill over 6 or 12 months
  • Maintain cash reserves for other important areas of your business
  • Income Tax funding for LLPs and partnerships
Summary

Utilise cash flow where you really need it.

There are times when every business will feel the pinch of an upcoming tax bill. Wesleyan Bank's finance solutions can help to make the inevitable more manageable.

Tax can be a significant cost to your business, putting momentous pressure on your cash flow and taking over your credit lines and overdrafts. By paying for your tax liabilities up front, you are losing the ability to utilise this working capital in other, more important areas of your practice.

Wesleyan Bank offers an unsecured loan over 6 or 12 months to fund your tax liability allowing you to retain cash in your business.

Wesleyan Bank acts as a broker and a lender.

Where we act as a Broker, loans are provided by a single lender. In these instances, we receive a commission payment calculated as a percentage of the overall loan value from the lender. This commission payment does not impact the final amount that you pay for borrowing.

Written quotations are available on request from Wesleyan Bank Ltd. Credit facilities are subject to status and only available to UK residents over the age of 18. Wesleyan Bank Ltd reserves the right to decline any application.

Depending on the circumstances and where required by law, loans will be regulated by the Financial Conduct Authority and the Consumer Credit Act.

PII Funding

PII Funding

Your Professional Indemnity Insurance (PII) can equate to a considerable cost for your legal firm. We offer the ability to spread the cost of your premium and pay monthly rather than up front.
Asset Finance

Asset Finance

Financing asset investments including but not limited to: specialist practice or office equipment, refurbishments, commercial vehicles.
VAT Funding

VAT Funding

A more successful period for your practice could result in a higher VAT bill than expected. Our tailored solutions offer a sustainable short-term solution.

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

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