|
Every last one of us dreads the arrival of the tax man. However, taxes have to be paid whether we like it or not. Taxes are our obligation to the country and we must all make sure we pay this expense. Small businesses are especially affected when it is time to pay taxes. First of all, they may not have hands-on accounting staff on their rolls. Second, they may not be in the position to provide adequate cash to meet their burden of taxes. Being a small business in the modern world may not be the most enviable place. However, do not let this add to your fears. These days, large numbers of smaller businesses are choosing to make tax payments through their business credit cards. If you thought that credit cards were only good for clothes and groceries and buying products online, maybe you should change the way you look at things. Credit cards are gaining in the war for becoming the favored mode of payment for everything -- from mortgage and house rent to electricity, necessities, and taxes. Small businesses are especially blessed by this expansion. Even if they do not have enough cash on hand to fill in their taxes, they can depend on their credit cards to settle that large-ish expense. Later when they are able to get back their money from their various debtors, the credit card bill can be paid off. One of the scariest things about defaulting on your taxes is that you might end up having to pay quite a large fine. However, paying by card is a solution to this problem. The business still has to pay the credit card company, but at least it will not get the tag of a tax defaulter. It is true that the tax authorities charge a relatively low interest on defaulting payments. However, expenses will keep adding up. If you want to avoid paying exorbitant amounts of interest on your credit card bills, my advice would be to find some really cheap credit cards. In fact, even while searching for good cards, I have on occasion found credit cards that charge no interest for up to fifteen months. If that is not a steal, what is? The power of plastic has been rising greatly in the past few years. Of late, even governments have realized the power of a plastic card. Credit cards are clearly on their way to becoming the currency of the future. And we should embrace this development. Maybe it is time for us to recognize the power of a credit card, and get used to making use of this currency of the future. Be smart and compare credit cards before getting yourself another one. Visit the credit card site at http://www.cardguide.co.uk and find out about the best deals on 0% balance transfers.
Related Articles -
balance transfers, credit cards,
|
