Most businesses will need to borrow money at some point, whether you are starting a business, expanding it or investing in it to stay competitive. You may want external finance to cover day-to-day expenses when developing your new product, service or marketing strategy, until your business generates enough surplus cash to meet these costs. Alternatively, you may want to borrow money to cover the cost of new equipment or premises.
It is possible to cut the cost of borrowing by doing it in a way that reduces your overall tax bill. At An Accounting Gem we can advise you what tax advantages are available. and how to get the most amount of tax relief that may offset the costs of some types of borrowing - though not all.
We can also help by advising you who is the best organization or person to see that best fits your lending requirements.
Once you have decided what funding you require, be it Overdraft Facility, Invoice Factoring, Commercial Mortgage, Loan or simply to finance a vehicle or piece of equipment, you will need to produce a Cash Flow forecast or even a business plan. We can help you produce all these reports to enable you to get the finance.
If you would like any help in these maters please contact us