If you are short on cash, you will need to get it quickly so you can pay your taxes on time and avoid costly late fees. One option to consider is a working capital loan.
Pay All of Your Business Taxes
Small business owners across the country get working capital loans to purchase inventory and cover employee payroll, to name a few. However, many of them are not aware that a working capital loan can also be used to pay business income taxes. A working capital loan is flexible and can be used to cover state taxes, federal taxes, property taxes and delinquent taxes. Think of it as a loan without any restrictions.
We don’t need to remind you of how important it is to pay your business income taxes in a timely manner. If you don’t, your company will be responsible for late fees and or penalties. In addition, you should always pay your taxes when they are due to keep your company in good standing with the IRS.
The Loan Without The Lengthy Wait
The tax season is upon us, and the last day to file will be here before you know it. If you need to pay business income taxes and lack sufficient capital, the last thing you want to do is go through the hassle of trying to get a bank loan. Opt for a working capital loan instead.