When using hire purchase, business owners often face the challenge of paying the full Value Added Tax (VAT) amount upfront. VAT deferral can be used alongside hire purchase to make acquiring vital assets more affordable.
It can seem like the cost of borrowing is now very expensive. Is it though? Are interest rates high at the moment? That depends on the timeframe you use for comparison.Let’s delve into the data.
Discover the strategic financial moves that can transform your business, from unlocking cash through asset equity to the power of smart asset financing and creative pathways to fuel your growth.
What is refinancing and how does it work? Refinancing is releasing capital tied up in assets to free up cash to use elsewhere, or simply to improve cash flow. It can be a cost-effective and flexible way to release cash but it needs to be approached carefully. Below we’ve answered some of the questions we’re asked the most, but it’s just the start.
The world of finance is awash with phrases, words and terms that can often sound confusing. Here, we demystify those for you, with a bitesize explanation of each term.
Can I get finance? And if so, how do I go about getting funding? This is a common question. Essentially, in order to decide whether or not to give you funding, lenders typically look at three key areas of information, known as ‘pillars’. Here we explain what those pillars are.
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