Tax Loans for Pharmacists
Keeping business tax under control
- Spread the cost of quarterly VAT
- Spread the cost of annual corporation tax
- Regular monthly repayments
- Ease taxflow burdens
- Reduced need for capital
- Simple, ongoing facility
- Avoid reputational risk
- Avoid penalties
Grow Your Business
- Deal with income fluctuations
- Free up cash for investment elsewhere
- Scales with your business
- Solutions for start-ups and established businesses
At Rangewell, we can help you deal with tax bills and provide long term solutions to support your pharmacy business.
If you are running a pharmacy business, you will probably know exactly what your tax bills will be and when they fall due.
But what about the retail side of your business? Takings may vary considerably from month to month, and planning ahead can be a little more difficult.
VAT or corporation tax are inevitable expenses that every business must be prepared for. Discovering that you will have a cash shortfall can be frightening.
But the problems caused by your tax bills can be long-term. Your tax liabilities can have a significant effect on your cash flow and having to earmark funds for a tax liability can mean that you are unable to invest in other areas of your business.
Funding for growth, and even the necessary capital for day-to-day operations, becomes restricted because of the bottlenecks created by tax bills. Delaying payment is not an option. If your business doesn’t have enough working capital to pay the bill straight away, you could face heavy penalties for late payments from HMRC.
At Rangewell, we have solutions designed to help.
Tax solutions for pharmacists
A straightforward Tax Loan can help you deal with a tax bill when it arrives and presents an emergency, spreading the cost of a unexpectedly large liability or demand.
However, a Tax Loan facility can help manage the recurring expense of tax bills, allowing you to take control of your cash flow and spread the cost of your tax bill into more manageable monthly payments.
Tax Finance means that you can ensure that HMRC are paid the correct amount, on time and without causing cashflow problems, while you can spread the cost of your business tax obligations over a 12 month period.
Why you need Rangewell to set up Tax Finance
At Rangewell, we work with lenders across the entire market. We know the lenders who can offer the most appropriate lending and the most competitive rates for the Tax Finance solution you need. It means we can offer you an affordable way to deal with tax bills that come as a problem. We can find you lenders who will provide funds in under 24 hours, and can pay funds directly to HMRC if required.
But we can do much more than that. We can source flexible facilities that, once set up, will allow you to spread your tax bills, including VAT and corporation tax, across the year. It means a smoother cash flow for your business and cash freed up for investment in other areas.
It means turning your tax bill liabilities into a predictable cost - and giving your business a real advantage.
REAL EXAMPLES OF WHAT WE CAN DO
Find finance to allow a new pharmacy to spread the cost of VAT
Source solutions to spread payments throughout the year
Find the most competitive Tax Funding for a high street pharmacy ready to expand
Find funding to smooth cash flow and deal with tax liabilities
Getting the solution that is right for you
Our experts can discuss your needs and help find answers scaled to fit both your turnover and your other obligations. When you call us, we can explain the options – and find you the solutions you need fast.
Helping you build your profits
Fast - the cash you need as you need itTax Loans can be quick and simple to arrange, with lenders often prepared to lend on the basis of your tax bill and evidence of your pharmacy's current turnover.
Spreading the cost to ease cash flow burdensSpreading the cost of your tax bill frees up funds to operate your business, whether that's to buy in stock or deal with temporary cash flow issues, and reduce the need for additional investment.
No need for extra securityTax Loans can usually be provided without the need for security - which means there is no need to put your assets or possessions at risk.
Tailored funding for your pharmacyLenders will work with you to tailor funding to your business, letting you deal with variables such as seasonal income variations.
Dealing with downturnsAny practice can face an unexpected downturn. With specialist Tax Funding, it need not lead to disaster.
Supporting growthWith a Tax Loan you can free up funds to support growth - letting you increase your revenue before you deal with the tax bill.
Download Rangewell’s free and detailed guide to Finance for Pharmacists
What types of finance are there - which do you need?
Why not all providers are equal - finding the one that’s right for you
How we can provide an additional income stream
The downsides to finance - and how to avoid them
Do I need to use a lender who is authorised and regulated by the financial conduct authority?
What different finance packages are available for cash flow, a pharmacy purchase or partner buy-in/out?
How to arrange finance - what paperwork do you need?
Do lenders look at pharmacies' finances when making a lending decision?
Key terms explained
Find out your finance options for all your needs
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for the business needs of your pharmacy is essential to avoid excessive costs
Your key equipment could be at riskIf you are unable to keep up repayments on a hire purchase or lease agreement, the equipment your practice depends on could be could be at risk.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.