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.
Corporation tax can put a strain on a business' cash flow. 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 available, can help to cover the cost of short-term bills and balance out the peaks and troughs of your ongoing cash position 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.
Speak to our dedicated team of account managers to find out how we could help your business spread the cost of short term bills like Corporation Tax.