Factoring Can Help You Pay Your 2020 Business Taxes
Tis’ the season to be taking a close look at your year-end business tax situation. Wise business owners will be examining how things stand and making reasonable moves to improve their tax situation before the cutoff date of December 31. Factoring can play a large part in making sure you pay any 2020 taxes that are due before the 2021 tax deadline.
Factoring and Taxes
Most small businesses have been hit hard in 2020 because of the COVID-19 pandemic and resulting repercussions. This may make your business tax filing more complex than in years past. A business tax professional can provide the necessary assistance with making any last-minute adjustments, such as paying debts, paying advance taxes, making charitable contributions or other actions to lessen your tax burden.
Factoring is a great way to lay your hands on the necessary cash to make these tax-saving moves before the end of 2020. If you have outstanding invoices for services or products, you can use factoring to convert them into ready cash. JOBE Services Inc., based in Humble, TX, serves small to medium-sized businesses just like yours by providing non-recourse invoice factoring when you need cash now.
Plus, if your calculations indicate that you will be paying more taxes for your business, factoring can help you get the needed funds without the risks or complications of a business loan. Use your outstanding invoices to pay your tax debt on time and avoid taking any extra risks.
Invoice Factoring with JOBE Services Inc.
Factoring through JOBE Services Inc. allows you to receive the money you are owed for services rendered or products provided almost immediately, instead of waiting 30, 60 or even 90 days for outstanding invoices to be paid. Factoring is not a loan, does not require good credit and there is not a long waiting period to get your funds.
You simply sell your invoices to us, minus a fee, and we handle collecting the funds from your clients. It is like getting a cash discount for prompt payment. You can receive your cash the same day your invoices are approved. JOBE Services does not require long-term contracts and there are no hidden fees. You can use our service once in a pinch or as often as needed.
Call JOBE Services Inc. at our Humble, TX offices at 281-949-7618 or connect with us online to ask how factoring can help you with your tax burden.