Because some things you can't control
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.
Regular tax bills can put a strain on a business' cash flow even when you're expecting them. Late payments from customers can result in a lack of cash available to cover the cost of short-term liabilities.
The benefit of predictable monthly outgoings, even when you have the cash flow, can help to cover the cost of short-term bills and balance out the peaks and troughs in cash flow which can be a prudent and sensible option for any business.
Paying for your tax bill upfront can tie up your banking lines and mean that you are lacking working capital in other important areas of the business. If you want to maintain working capital and protect cash flow, you can choose to spread the cost of your tax liability over 6 or 12 months with an unsecured loan from Wesleyan Bank.
We provide an online application system which allows you to get an instant quote and apply in minutes. Our tax portal operates annually between June - July and December - January.
We're offering a free Health Check to all firms that consider spreading the cost of their tax bill with Wesleyan Bank. For more information or to sign up, follow this link.