Cash Flow Conundrum - Why Deferring your Tax Liability could be a Risky Move
Date published
January 4, 2021
Company
Wesleyan Bank
Why deferring your tax liability may be a risky move this winter…
Cash flow is a hot topic in the wake of the coronavirus pandemic. The finances of SMEs and self-employed professionals have been placed under considerable strain due to challenging trading conditions, accumulating operating losses and reduced earnings.
With support from the government’s deferral schemes, many businesses have made the most of the spread payment facility freeing up cash flow and easing the burden on upcoming liabilities, however it’s also key that businesses don’t put their future cash flow position in jeopardy.
Wesleyan Bank explores the current financial environment many businesses are finding themselves in and explores the options available to support cash flow in 2021. A handy guide that can be shared with your clients or business.
Wesleyan Bank acts as a broker and a lender.
Wesleyan Bank Ltd (Registered in England and Wales No. 2839202) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services register No.165116). Registered Office: PO Box 3420, Colmore Circus Birmingham B4 6AE. Tel: 0800 358 1122. Calls may be recorded to help us provide, monitor and improve our services to you.