1. Liquidity to pay taxes for the fourth quarter
The payment of taxes requires having liquidity on key dates, otherwise you could have serious problems with the public treasury.
This situation cannot be improvised, so you have to be proactive.
For this, it is best to establish a plan of Management of charges and payments in your company, taking into account the fiscal calendar of the current year.
In this way, you will be able to control your treasury and ensure your liquidity.
2. What are the payment dates of the main taxes for the fourth quarter of 2022?
End the summer and come back ''back to school'' and with it, the payment of taxes for the third quarter of the year.
Here are the crucial dates you should know about. These are:
Thursday October 20. Deadline for submission of Models: 111, 115, 117, 130, 131, 202, 303, 309 and 349. In addition, you must submit Model 202 (relative to Corporation Tax)
Monday November 7. Model 102 (relative to the second installment of the Income if the payment has been split).
Monday November 21. Model 349 of intra-community operations.
Wednesday November 23. VAT self-assessment model 303 of October 2022.
Friday, December 20. Deadline to submit Form 202 (relative to Corporation Tax).
3. How to get liquidity to pay taxes
There are many alternatives to obtain liquidity and face the payment of taxes, but not all of them are equally advantageous, so it is convenient to think carefully and carefully which one to apply.
In any case, remember that the urgency to obtain liquidity she is never a good adviser.
Among the most used alternatives, we highlight:
3.1 Postponement of payment
La Tax Agency it grants moratoriums and installment payment options.
However, apply some high interest that usually exceed the costs of other formulas.
3.2 Early collection of invoices
It is about collecting the entire invoice or a high percentage, something that you must negotiate with your client since you must normally grant discounts for prompt payment.
If you can use this strategy, it is highly recommended as long as the discounts for prompt payment that you apply do not negatively impact your operating margin.
3.3 Tax piggy bank
This method consists of set aside a portion of the revenue earned by the company to face these payments.
These internal withholdings become untouchable amounts, whatever happens.
Obviously, this can make you lose attractive investment opportunities or business expansion due to having fewer resources when they are blocked.
3.4 Negotiation of promissory notes
A financial entity (not necessarily a bank) discounts the promissory notes before its expiration.
Although small discount charges apply, you get the immediate liquidity what do you need
3.5 Advance invoices
It is a resource similar to negotiating promissory notes.
Consists in deliver an invoice and your collection rights to a financial institution.
Some management expenses and certain interests are discounted, but you get the required money.
3.6 Credits and loans for companies, freelancers and entrepreneurs
Obtaining external financing is also a feasible alternative.
Obviously, the ability to obtain it in the best conditions depends on the financial solvency of each entity.
It has an associated cost, but it provides peace of mind and the necessary room for maneuver to have the liquidity necessary at all times.
If you opt for this possibility, do not assume that only banks can help you.
There are other more interesting and economic financing companies.
There are many ways to get liquidity to pay taxes.
Having a payment and collection plan will allow you to get ahead and get better conditions.
From WorkCapital, we offer you financing adapted to your needs at the best conditions.
Call us and we will inform you without obligation!
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