ResourcesCash Flow Conundrum – Why Deferring your Tax Liability could be a Risky Move

Cash Flow Conundrum - Why Deferring your Tax Liability could be a Risky Move

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.

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

2y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

2y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

2y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

2y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource