Business Loans for Tax Debt

Avoid Late IRS Payments with a Business Tax Loan

Tax season can be stressful for many of us. Especially for small business owners that have to deal with all the new business tax laws made by the IRS. If you owe more than you can pay on your business taxes, making late or partial payments can lead to additional fines and have detrimental effects on your credit. Luckily, with a business tax debt loan, you can avoid tax fines and penalties.

Loans to Help with Your Business Tax Debt

The future success of your company shouldn’t be put at risk because of business taxes and accounting issues. Unfortunately, that’s exactly what can happen if you cannot make the full payment on time.

The IRS enforces several penalties on business owners who fail to meet tax deadlines. These include:

• Charging interest that accumulates daily.
• Placing a federal tax lien on your property.
• Seeking additional fines and penalties.
• Pursuing criminal prosecution.

The lasting effects of any of these measures could prove catastrophic to a small business. A single late or incomplete tax payment can quickly turn into a much larger bill as daily interest charges pile up. If enough time passes without payment, a federal tax lien could be put in place, preventing your business from accessing credit for several years. Furthermore, additional fines, criminal charges, and even jail time could result.

No small business owner deserves to be severely penalized for something that often is the result of an honest mistake or financial miscalculation. Fortunately, with business tax debt loans from QuickBridge, this can be easily avoided.

Moving Forward with Business Tax Debt Financing

Larger-than-expected tax bills can arrive without notice, and missing payments is not a viable option. But paying off those unexpected bills can put your business’s cash flow at risk. Business tax debt loans can be used to help avoid both circumstances.

QuickBridge excels at providing short-term business loans that specifically support small business owners. Fast supplementary working capital can help a business pay off an unforeseen tax bill in full and on-time. There’s no need to worry about additional fines, tax liens, or worse with access to smart short-term financing.

Business Tax Debt Loans

When looking at your options to resolve your business tax payment, an alternative lender is the best solution. QuickBridge offers fast, flexible financing that can be deposited in as little as 24 hours. Other banks or lenders can have you waiting weeks to get approved and with a time-sensitive issue like an IRS payment, a quick turnaround is important.

QuickBridge offers a short online application you can complete in only a few minutes. From there, one of our Funding Advisors will work with you directly to get funds deposited as soon as possible.

Options to Manage Your Business Tax Obligation

In addition to business tax debt loans, small business owners struggling to pay off their business taxes can take advantage of business loan Section 179 deductions. The business loan Section 179 deduction allows businesses to deduct the full purchase price of qualifying assets purchased and installed during the tax year. The deductions from your gross income help maximize the value potential of equipment and similar investments and lower your tax costs. With a tax deduction available through Section 179, small businesses can more easily pursue financing to support their growth strategies without having to worry about high tax costs at the end of the year.

Make sure your business is taking advantage of all available tax deductions throughout the year as well. Business tax deductions can ease your tax burden and ensure you’re not overpaying if you don’t need to.

Consider a business tax debt loan from QuickBridge for instant tax relief, right when you need it, and avoid the long-term consequences of failing to pay your taxes. Get in touch today to start preparing for this tax season before it’s too late.