VAT

VAT funding helps SMEs to cover VAT associated bills. If an SME is finding themselves surprised by their VAT bills, or they simply don’t have the funds to cover them, VAT funding is the solution. VAT funding can help you manage cash flow by financing each quarter VAT bill and then repaying in three equal instalments.

Corporation Tax

Corporation tax is based on the level of income you’ve earned through trading, through asset sales and other taxable events throughout the year. The current rate of corporation tax in the UK is 20%. The bill is calculated by HMRC and is then due an estimated 9 months after the business accounting year finishes. 

Corporate tax loans are becoming increasingly popular for smaller businesses due to their flexibility. They’ll often allow businesses to spread their tax bill from 6 to 12 months, with fixed monthly or quarterly payments.

R&D

Research and development can be absolutely crucial to transforming your business through innovation and growth. Tax credits can help you push the boundaries of what your business can achieve. 

R&D tax credits are a government incentive designed to reward companies in the UK for their innovation, and they’re a valuable source of cash for businesses looking to ultimately grow in scope and ambition. By spending money on your innovation, you can make a claim to receive either a cash payout or a reduction in your Corporation Tax. Not entirely sure what your business works on constitutes innovation? The scope for what R&D tax credits cover is enormous and in fact, can be found in every sector.

While the criteria for what constitutes R&D is purposefully broad, specifically the government is looking for companies that create new products, processes and services, as well as change or modify an existing product or service - so you see, it’s fairly broad.