VAT and Tax Loans for Private Ambulance Businesses
- 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
VAT and corporation tax payments mean a substantial burden on your private ambulance business. At Rangewell, we can provide solutions
If you have been running a private ambulance business for any length of time, you should know exactly what your tax bills will be, and when they fall due. But, as with any other business, problems can mean that your financial planning does not work out as you hoped.
It’s all too easy to focus on the day to day issues - the logistics of operating fleet and of running a team and business - and fail to see a looming financial crisis.
A shortfall at the end of a quarter, from an unexpected repair bill or a sudden need for a new vehicle, can mean problems with VAT or corporation tax that you hadn’t bargained for.
Keeping cash flow healthy - and your business on the road
You can’t afford to make HMRC wait. Paying tax will always have to be the priority for your ambulance business.
Tax is inevitable, and your tax liabilities can be large enough to have a significant effect on your cash flow. Having to earmark funds for tax liability can mean that you are unable to invest in other areas.
Having to delay investment in new ambulances or equipment can mean your patients, as well as your contracts and revenue, will suffer.
In fact, even the necessary capital for day-to-day ambulance operations can become restricted because of the bottlenecks created by tax bills. Your entire business can be put at risk. If your business finds it does not have the working capital it needs to pay a tax demand straight away, you could find yourself facing heavy penalties for late payments.
Solutions for your ambulance business’s tax bills from Rangewell
At Rangewell, we have two ways to provide the funding you need to deal with tax bills.
A straightforward Tax Loan can help you deal with a tax bill when you find you have a shortfall, and a funding emergency.
A Tax Loan facility is designed to let you take control of the cost problems caused by tax bills, spreading the costs to remove the constraints on your revenue stream. It means you can take back control of your cash flow, along with spreading the cost of your tax bills into more manageable monthly payments.
The benefits to your business are simple. Tax Finance means that HMRC can be paid the right amount, on time and, most importantly to you, without causing cashflow problems, while you can simply spread the cost of your business tax obligations over a 12 month period. Financial planning becomes simpler - and so does your cashflow.
Why you need us to support you with Tax Finance
Many lenders can offer general-purpose short-term loans which might allow you to deal with a problem tax bill. At Rangewell, we work with those who can provide lending solutions specifically designed to help provide tax funding - and which can mean reduced costs for the answers you need.
And, if it is an emergency, we can find you lenders who will provide funds in under 24 hours, and pay funds directly to HMRC if required.
But we can do more than that. We can work with you and find lenders who will set up flexible facilities that will let you spread tax bills, including VAT and corporation tax across the year, turning your tax liabilities into an additional financial strength.
REAL EXAMPLES OF WHAT WE CAN DO
Find finance to allow an ambulance operator to pay a VAT bill when a lost contract meant a cash shortfall
Source a solution to spread tax payments throughout the year
Find the most competitive Tax Funding facility for an ambulance business ready to expand
Find to establish a smooth cash flow before dealing with VAT liabilities
Getting the solution that is right for you
Our experts can discuss your needs, and help find answers scaled to fit your turnover and your other obligations. When you call us, we can take you through all your options – and find 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 ambulance business’ tax bill along with evidence of current turnover.
Spreading the costSpreading the cost of your tax bill frees up funds to operate your ambulance business. Whether you need to purchase more vehicles, deal with temporary cash flow issues, or increase staff numbers, it can reduce your need for additional investment.
No need for extra securityTax Loans can usually be provided without the need for any additional security - there is no need to put your business’ assets or possessions at risk.
Tailored fundingLenders will work with you to tailor funding to your private ambulance business, so you can deal with other variables such as seasonal income variations.
Dealing with downturnsAny business can find itself facing an unexpected downturn. With Tax Funding, this kind of downturn need not lead to disaster.
Supporting growthWith a Tax Loan, you can actually free up funds to support growth in other areas of your private ambulance business - letting you increase revenue levels before you need deal with the tax bill.
Download Rangewell’s free and detailed guide to Finance for the Medical Profession
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
How to arrange finance - what paperwork do you need?
Key terms explained
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for your particular needs 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 business 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. This could present a problem if your business changes direction or if technology moves on rapidly.
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