What are the benefits of tax funding?
Aside from reducing the stress of upcoming tax deadlines, knowing that you will be able to pay them, there numerous business benefits to utilising tax funding, including:
Cash flow management
One of the most significant challenges SMEs and sole traders face during tax deadlines is cash flow. While your tax obligations may be met, this doesn’t resolve issues you may have with cash flow management after, hindering your ability to invest in growth or handle unexpected expenses.
Tax loans enable businesses to fulfil their tax obligations without facing a substantial dent in their cash flow.
Strategic investment
With the cash flow that would have been earmarked for tax payments, you can instead consider making strategic investments in your business. From upgrading technology to branching out and creating new product lines, tax funding gives you the freedom to seize opportunities and stay ahead in the market.
Financial planning
Once you know that there is a reliable source for tax payments, you can make financial decisions that ensure long-term success. With a clear idea of your budget, you can allocate resources and set realistic goals with peace of mind.
Rapid turnarounds
At Jones & Co, we understand that when it comes to tax deadlines, the last thing you want to deal with is a time-consuming and sluggish application process. That’s why our tax funding decisions are typically made within 24 hours, giving you quick access to funds that enable timely tax payments and reduced financial stress.
Flexible repayment options
There’s no point in alleviating one financial burden only to take on another, which is why our tax funding options allow you to spread the cost of your repayments.
Corporation tax and self-assessment tax loans are spread over 6-12 months, and VAT tax loans are spread over 3 months, which means you won’t have to worry about future issues with cash flow.
Funding historic tax/arrears
Another significant advantage of our tax funding options is that they are not limited to your present situation. They can also be applied to historic tax or arrears that are yet to be paid, giving you a boost when you need it most.