Statistics from the SRA show that more than half of all UK law firms are operating an LLP or are unincorporated, meaning they will potentially have a large tax liability to make not only at the end of January, but also in July.
Although this figure is reducing, there remains a seasonal spike in funding requests as practices look for the best option to help them manage their liabilities. Funding these liabilities has become the ‘norm’ for a lot of businesses and as you & we both know, there is no shortage of finance options out there!
Looking to fund tax liabilities around the hustle and bustle of Christmas can be a daunting task, especially when it comes to gathering accounts, securing the approval, and having funds paid out on time.
We at Inspiring Your Finance, will not only find the best funder available for you but we will also carry the application over the line and inform you when the documentation needs to be signed. It is as simple as that.
An additional benefit of funding your tax liabilities is that it allows cash reserves to be kept available for investment elsewhere, something that could be crucial in these challenging times. Decisions also are usually within 24hours & payment can be made directly into your bank account or straight to the HMRC.
To find out more about how Inspiring Your Finance can help your practice, please do not hesitate to get in touch by calling 0161 291 8997 or by emailing [email protected]