unavoidable truth

The Unavoidable Truth

They say that there are only two things you can be sure of in life and they are death and taxes. The good news however is that there are measures that you can do in both cases that prolong life or reduce the impact of taxes on your business or personal cash flow.

Many will have the first in hand with ‘Dry January’ or various New Year resolutions to get fit, eat more healthily or give up smoking in an effort to live a healthier and hopefully longer life. When it comes to managing taxes, unfortunately you can’t put off the inevitable deadline of 31st January for self assessment tax returns, however there are plenty of options to consider if looking to secure funding and help manage the tax bill payment.

With a range of lenders making up PFC’s funding panel, no tax bill is too great or too small. In addition, there is a specialist team on hand to provide a quick decision making process and advise on the required levels of funding, your preferred terms and how repayments can be structured to allow you to budget for manageable repayments.

Arrangements can be made for payment to be made directly to HMRC or into an office account, typically within a week of the application. The repayments are in turn arranged in line with the liability so typically between 6 and 12 month terms for self-assessment tax funding.

Having the flexibility of a short term loan for tax liabilities allows you to spread the cost of the liability into manageable monthly payments to assist with the budgeting in the company, help ease cash flow and relieve the pressure of having to find a lump sum payment.

The short term, unsecured fixed rate loan facilities offered by PFC cover all types of tax funding including; Schedule D tax, corporation tax or capital gains tax to name a few. With the right tax funding support in place it can give individuals and businesses a new lease of life by removing the worry and freeing cash for other business priorities.

It’s also good to know that with your tax taken care of there’s a weight off your shoulders and a great stress relief. Maybe with this support you can take care of two of life’s certainties by better managing your tax and in turn potentially living a longer stress free life.