Tips for Creating Next Year’s Budget

The new year brings opportunities to make your small business more successful. There’s no better place to start than with your annual budget. It encapsulates your revenue and expense expectations in a single spreadsheet. Here are some handy tips for creating your new budget:

Analyze last year’s budget:

How closely did your estimates match actual experience? You probably under- or over-estimated at least some of your cash flows. Learn from your mistakes to set your numbers more realistically, wishful thinking aside. If your data shows a trend throughout the year, incorporate it into the new budget. Some numbers are harder to estimate – if you have a lot of these, try doing a best-, worst- and average-case version of the budget.

Break it up:

You should break down your annual numbers into monthly ones. This gives you the ability to incorporate seasonal differences that more closely match your cash flows. It also lets you apply actuals and revise numbers based on experience.

Budget in a cash cushion:

A good budget will incorporate a cash cushion to help you survive sudden crunches. Near-cash securities such as T-Bills are a fine place to stash the extra cash. Even if it’s an unusual year that doesn’t see unpleasant surprises, extra cash will certainly come in handy sooner or later.

Seek help:

Do you find setting up and working a budget confusing? Don’t fumble through it. There are many resources available to you to assist. We recommend our Business Budget Smart Sheet, which will help you analyze your spending patterns, streamline areas of overspending, gauge the cash flow impact of fixed and variable costs, and much more. If you need more help, speak with your accountant or tax specialist.

Make adjustments:

Are you selling more units each month and losing money on each sale? Bite the bullet and raise your prices (and slash your expenses). Calculate your new revenues based on higher prices and incorporate into your budget. Do the same when you reduce expenses. For example, you might find it cheaper to subcontract out some of the work that you currently do in-house. Your budget should reflect your best ideas for making a profit.

Create recession contingency budget:

At the time of writing, the U.S. is enjoying a growing economy. What would happen to your business if we suddenly fell into a recession? It will happen sooner or later, and you’d best be prepared by creating a recession budget as a contingency. The recession budget is based on conserving cash in the face of lower demand for your product or service.

Remember, budgets are planning tools, not straightjackets. Remain flexible, and you can always turn to IOU Financial if you find yourself short of cash despite your best planning.

 

Your 2018 Checklist: How to Improve Your Marketing Efforts in the New Year

The new year is not only a time for personal resolutions, but also for professional ones. One of the most important aspects to focus on is how you can attract new customers and keep your existing ones loyal to your brand. This is best achieved by marketing; which means that the end of the year is the perfect time to consider ways to improve your marketing efforts with the following four-step checklist.

1. Review What Worked and What Didn’t

The first step in any plan for the future is reviewing what happened in the past. You can’t create a successful plan for 2018 without analyzing what worked and what didn’t in 2017. If you have available statistics, review which strategies provided the best returns on your investments and which tactics worked better than others.

Here are some questions to ask yourself about 2017:

  • Which social media platforms and/or websites brought the most visitors to your site?
  • How many of those visitors converted into paying customers?
  • If you utilized pay-per-click (PPC) campaigns, which keywords were the most effective?
  • If you promoted content, which keywords got the most clicks?
  • Which pages on your site have the lowest bounce rate (the amount of time a visitor stays on it before leaving)?
  • Which influencers (if you used any) brought in the most business?

Finding out answers to these questions will allow you to decide on a course of action for 2018 so you can maximize efforts to work on the marketing strategies were the most fruitful.

2. Ask What Your Customers Want

In addition to reviewing what you did in 2017, consider things that you haven’t yet tried but that your customers may want. How do you know what messages will resonate with them? By asking them!

Conduct focus group with current and prospective customers, distribute surveys and ask for input from your your audience to get a better sense of not only what products and services they are seeking, but what marketing strategies will help you connect with them better.

This will also help you focus on segmentation, which helps you not to treat your entire customer base as a single entity and focus on individual customers. Turning right to your customers to ask them what they prefer takes the guesswork out of your marketing campaigns for 2018.

3. Create a Consistent Brand Image

We are so bombarded by advertising from television, the internet, billboards, magazines and so on, that customers have a hard time recalling the individual messages from different companies. The brands that have been able to cut through the clutter are ones that are able to tell a single story, creating a consistent brand image.

This requires reviewing your website content, social media posts, advertising, press releases and other artwork to make sure they are all on the same point and relaying the same message.

4. Follow Your Competitors

How can you attempt to stand out from the crowd and offer a unique experience to your customers if you don’t know what your competitors are offering? It is helpful to closely follow your competition to analyze what marketing tactics they are using, and what is working or not for them.

See if there is a gap in your competitors’ marketing strategies that you can capitalize on to set yourself apart from other similar businesses.

Finally, budget for your marketing efforts for the following year. If there is an opportunity that you feel is worthy of pursuing but you cannot afford it, we can help! IOU Financial helps small businesses finance loans of up to $300,000 in as little as 48 hours. Contact us today to find out more.

Social Media Trends for 2018

Every business owner should know by now that social media is one of the most effective ways to market your brand, connect with your target audience and grow your business. As technology is constantly changing, it is important to fine tune your marketing tactics with it. Staying on top of trends helps you refine your efforts to receive the best return on your investment (ROI). We present the latest social media trends that will likely become even bigger in 2018 for you to review with plenty of time to implement them:

Instagram Stories

While Snapchat is the social media platform that developed the ability for users to share short videos that delete after 24 hours, Instagram took that to another level. The Instagram stories daily users quickly surpassed Snapchat’s, with 20 million daily views, and should be implemented in the way you present your brand’s story to your audience.

The stories are fun to use and to view, allowing you to add filters, tags and text. They are discoverable, meaning that Instagram users can see the stories even if they are not your followers.

Any account with at least 10,000 followers is allowed to add a link to their story, which is a direct way to lead viewers to your site. In addition, just like with any other Instagram photo or video, you can hashtag relevant keywords to help users find you faster and easier.

Social Media Influencers

In years past, the biggest public relations stunt was hiring a celebrity to promote your product or service. In today’s world, celebrities have been largely replaced with influencers, who are celebrities in their own rights. These are individuals who have been able to get a staggering number of social media followers, often in the millions. Companies pay these influencers to promote their offerings on their pages, sites or accounts.

It is advantageous to find the top influencers in your niche industry, and follow them. See what they are promoting and how so you can determine if utilizing an influencer is right for your business needs.

Augmented Reality

The new iPhone 8 already incorporates the aspects of augmented reality by allowing users to project images of certain pieces of furniture from websites such as Amazon. This is a great benefit for shoppers because they are able to see for themselves how an item will look in a specific room without committing to purchasing it.

Augmented reality will likely allow business owners to offer all kinds of benefits to customers, such as seeing how a piece of clothing looks on them, the ability to try on different makeup products and so on.

Messaging Platforms

Most people consider social media to be sites such as Facebook and Twitter, but millions of people worldwide connect on messaging apps. “Artificial intelligence, voice assistants and chatbots will enable brands to offer personalized shopping experiences on messaging platforms like Messenger, WhatsApp and Kik,” a source states.

The newest trends for social media can reap great rewards for business owners; however, many of them come with a price. If you need help investing in your marketing strategies, IOU Financial wants to help you finance this goal. Contact us today at www.ioufinancial.com to learn how you can get a small business loan in under 48 hours.

How to Effectively Use Video Marketing

In an effort to better engage with their customers, business owners are constantly trying to find innovative ways to market their brands. Gone are the days of traditional and one-type-fits-all marketing, such as billboards and advertising, as those have proven time and time again to be ineffective compared to more modern, content-driven digital marketing.

Video marketing has emerged as the clear winner for both business-to-business (B2B) and business-to-consumer (B2C) companies. It allows brands to capture their customers’ attention by sharing their story, engaging and building a loyal following.

Why is video effective? Because while individuals can glance at an ad for a second and move on, and websites have traditionally high bounce rates (how quickly they leave a site after entering it), videos retain more than a third of their audience through the end, 37% to be exact!

How to you utilize video marketing effectively if you are new to this? With the following tips:

Choose the Type of Video

According to a source, there are four types of videos that businesses use for marketing purposes:

  • Explainers
  • How-tos
  • Product Demos
  • Testimonials

You don’t need to constrict your company to using only one type of video, but you should consider which ones would be most useful to your customers. For example, a makeup brand can benefit from how-to videos that show customers the best ways of utilizing their products.

A medical office that wants to build a relationship filled with trust can share testimonials from existing clients that can attest to their services.

Choose the Best Time

Once you create the video, you want to maximize the amount of people who will see it. If you plan to market the video on social marketing, you want to post it at the peak time when users will be using the platform, otherwise it will get pushed to the bottom of their feed and will decrease the chances of them seeing it at all.

One source found that Wednesday between 7 and 11AM PST to be the most advantageous time to share your video. Researching times based on your industry, time zone, and audience behavior is always helpful when sharing your content.

Utilize Personalized Video Technology

You likely know that a personalized email will amount to more people reading it than a generic one. Emerging technology allows business owners to utilize personalized video technology to customize video messages for their clients.

Personalized videos can include your customer’s name, company and even examples of how your services or products can help them.

This type of digital marketing changes the entire game because when individuals watch videos directed personally to them, it increases engagement and conversion to sales over traditional forms of advertising.

Real Time Analytics

One of the most important steps to effective video marketing, and one that many business owners unfortunately skip, is using real time analytics in their video marketing campaigns.

Instead of guessing what your customers may enjoy, you can use a data-driven approach to fine tune your campaigns to their individual needs.

Real time analytics allow you to monitor how your videos are performing across various platforms, as well as on desktop and mobile. Many platforms will provide you with information about “bandwidth consumption, ad request, ad impressions and video display” that will give you a deeper understanding of how many of your videos are being watched, by whom and on what platform, according to a source.

Video marketing is not a cheap endeavor and one that requires a financial investment. However, if done strategically, it can provide significant returns. IOU Financial can help you with a small business loan of up to $300,000 to fine tune your digital marketing strategy. Call us today and be funded with your loan in under 48 hours.

IOUFinancial.com

MONTRÉAL, Dec. 6, 2017 /CNW Telbec/ – IOU Financial Inc. (“IOU” or “the Company”) (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announces today that it has facilitated more than US$500 million in financing to thousands of merchants and small businesses across the United States and Canada since launching its lending platform.

 “$500 million in originations is a significant milestone that we are incredibly proud of, and a testament to our position in the industry.  As we continue to pursue opportunities to grow and expand our market share, we look forward to continuing to serve the working capital needs of hard-working North American merchants and small business owners,” said Phil Marleau, CEO of IOU Financial.

About IOU Financial

IOU Financial Inc. provides small businesses throughout the U.S. and Canada access to the capital they need to seize growth opportunities quickly.  Typical customers include medical and dental practices, grocery and retail stores, salons, gas stations, auto repair shops, and restaurants.  In a unique approach to lending, the IOU Financial advanced, automated application and approval system accurately assesses applicants’ financial realities, with an emphasis on day-to-day cash flow trends.  It makes loans of up to US$300,000 to qualified U.S. applicants ($100,000 in Canada) within a few business days, with affordable charges favorable to cash-flow management.  Its speed and transparency make IOU Financial a trusted alternative to banks.  To learn more visit: IOUFinancial.com.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties.  These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of IOU including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.  IOU does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE IOU Financial Inc.

For further information: Philippe Marleau, Chief Executive Officer, +1 (514) 789-0694, ext. 225; Benjamin Yi, Corporate Development & Capital Markets, +1 (647) 295-0654

Related Links

https://ioufinancial.com/en-ca/

www.sedar.com

  • Gross revenue increased 5.7% to $13.2 million for the nine-month period ended September 30, 2017 compared to the same period in 2016.
  • Opex (excluding non-recurring costs) decreased 19.3% to $2.2 million for the quarter ended September 30, 2017compared to the same period last year. The Company achieved its target of quarterly operating costs of $2.0 million to $2.2 million on a normalized basis.
  • The Company anticipates average quarterly operating expenses of approximately $1.6 million on a normalized basis in 2018.
  • Provision for loans losses increased 12.9% to $2.5 million in the quarter. IOU is committed to address loan losses through higher loan quality originations. In addition, the Company has taken back service and collections previously outsourced to a third-party and has commissioned a consultant to review its credit policies.

MONTREAL, Nov. 29, 2017 /CNW Telbec/ – IOU FINANCIAL INC. (“IOU” or “the Company”; TSX-V: IOU), a leading online lender to small businesses, announced today its results for the three and nine month period ended September 30, 2017.

“IOU has met its goal of reduced operating costs in the quarter and will continue to seek additional operational efficiencies and seek favourable risk adjusted returns through higher loan quality originations in order to meet its objective of achieving profitability,” said Phil Marleau, CEO.

FINANCIAL HIGHLIGHTS

  • Loan originations for the second quarter ended September 30, 2017 were US$19.6 million versus originations of US$30.2 million for the same period last year. Loan originations decreased by 35.3% due to changes made to the Company’s lending policies in response to increased delinquency levels. Year-to-date, loan originations amounted to US$67.8 million, representing a decrease of 22.5% over the origination of US$87.5 million for the same period last year.
  • As of September 30, 2017, IOU’s total loans under management amounted to approximately $60.9 million as compared to $78.6 million in 2016. On September 30, 2017, the principal balance of the loan portfolio amounted to $35.0 million compared to $40.9 million in 2016. The principal balance of IOU’s servicing portfolio (loans being serviced on behalf of third-parties) amounted to approximately $25.8 million compared to $37.7 million in 2016.
  • IOU recorded gross revenue during the second quarter of $4.5 million versus $5.7 million for the same period last year, representing a 19.8% decrease. The decrease in gross revenues was primarily driven by a decrease in interest income to $3,602,906 in 2017 from $4,498,671 in 2016, as a result of a decrease in the size of the loan portfolio. For the nine-month period ended September 30, 2017, gross revenues totaled $13,198,510 ($12,482,781 in 2016), representing an increase of 5.7%.
  • Interest expense during the three-month period ended September 30, 2017 increased by 8.5% to $945,720, up from $871,289 over the previous year. The increase is attributable to an increase in borrowings under the credit facility partially offset by a reduction in the cost of funds borrowed versus the previous year. For the nine-month period ended September 30, 2017, interest expense amounted to $2.8 million compared to $2.2 million in 2016.
  • Provision for loan losses (net of recoveries) increased to $2.5 million for the three-month period ended September 30, 2017, up from $2.2 million for the previous year. The increase is primarily attributable to an increase in defaults by borrowers and partially due to an increase in the average size of the loan portfolio. To improve loss performance, IOU Financial has made changes to its lending policies. In addition, the Company has implemented certain process changes to improve its servicing and collections which includes an aggressive litigation process against businesses who intentionally default on their loan obligations. For the nine-month period ended September 30, 2017, IOU recorded a provision for loan losses of $6.7 million compared to $4.2 million in 2016.
  • Excluding non-recurring costs, operating expenses decreased 19.3% to $2.2 million for the three-month period ended September 30, 2017 as compared to $2.7 million for the previous year. During the quarter ended September 30, 2016, the Company adopted a plan to reduce operating expenses. The Company achieved its target of quarterly operating costs of $2.0 million to $2.2 million on a normalized basis in the third quarter. For the nine-month period ended September 30, 2017, operating expenses amounted to $7.2 million, excluding non-recurring costs, compared to $8.8 million in 2016, representing a decrease of 18.0%. The Company anticipates average quarterly operating expenses of approximately $1.6 million on a normalized basis in 2018.
  • IOU closed its third quarter 2017 with a net loss of $1.4 million, or $0.02 per share, compared to a net loss of $0.4 million or $0.01 per share during the same period of 2016. For the nine-month period ended September 30, 2017, the net loss amounted to $4.5 million versus $3.1 million in 2016.
  • IOU closed its third quarter 2017 with an adjusted net loss of $1.2 million, which excludes certain non-cash and non-recurring items, compared to an adjusted net loss of $0.1 million in the third quarter of 2016. Year-to-date, the adjusted net loss was $3.2 million compared to an adjusted net loss of $1.7 million for the same period in 2016.

OUTLOOK
IOU continues to focus on finding operational efficiencies, the performance of its loan portfolio and achieving profitability.

The Company will maintain its core strategy of identifying, recruiting, and partnering with business loan brokers throughout the United States while continuing to focus its efforts on building long-term partnerships with its existing broker base by investing time in offering great service through dedicated account executives.

IOU also intends to grow loan originations by forming new strategic partnerships with entities such as banks and small business suppliers and leveraging their relationships with small businesses to add new customers; expanding its product offering to allow it to serve small businesses whose needs are not met by its current products; investing in direct marketing and sales; and continuing its expansion into Canada.

IOU’s financial statements and management discussion & analysis for the quarter ended September 30, 2017 have been filed on SEDAR and are available at www.sedar.com.

CONFERENCE CALL
The Company will hold a conference call at 4:30 p.m. (EDT) on Thursday, November 30, 2017, to discuss its financial results. The dial-in number to access the conference call from Canada and the United States is 1‑800‑259‑2693 (toll-free), conference ID: 3239813.

CORPORATE UPDATE
IOU wishes to confirm it entered into a consulting agreement with Rose of Sharon Capital Corporation, a newly-incorporated entity held by Benjamin Yi, to assist with a variety of corporate development and capital markets-related projects, including the provision of certain investor relations services. The overall agreement is for $7,500 per month until June 30, 2018. Mr. Yi did not have any material direct or indirect interest in the Company prior to entering into the agreement.

About IOU Financial Inc.
IOU Financial provides small businesses throughout the U.S. access to the capital they need to seize growth opportunities quickly. Typical customers include medical and dental practices, grocery and retail stores, restaurant and hotel franchisees and e-commerce companies. In a unique approach to lending, IOU Financial’s advanced, automated application and approval system accurately assesses applicants’ financial realities, with an emphasis on day-to-day cash flow trends. It makes loans of up to $300,000 to qualified U.S. applicants ($100,000 in Canada) within a few business days, with affordable charges favourable to cash-flow management. IOU Financial’s speed and transparency make it a trusted alternative to banks. To learn more visit: www.ioufinancial.com.

Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of IOU including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. IOU does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE IOU Financial Inc.

For further information: Philippe Marleau, Chief Executive Officer, (514) 789-0694 ext. 225; David Kennedy, Chief Financial Officer, (514) 789-0694 ext. 278

Related Links

https://ioufinancial.com/en-ca/

Four Proven Marketing Tips for Restaurants to Implement During the Holidays

The holidays are a joyous and busy time for many, but some restaurants owners see a decline in business during the winter months. One source found that as many as 61% of restaurants reported a decline of up to 20% in patrons and sales during this time.

There are a multitude of reasons that sales can be down, ranging from cold weather which discourages patrons from leaving their homes and times spent indoors with family rather than out and about. A holiday decline does not have to affect your restaurant, however, if you strategize with carefully crafted marketing holiday marketing tips to drive customers to your business!

Holiday-Themed Menu

People love to feel festive during the holidays, which is why adding a holiday-themed menu can draw people to your restaurant. Consider offering family-friendly meals that your patrons can eat in or take to enjoy at home. Offering family-sized meals makes it convenient for your customers to quickly order without having to deliberate on what items and amounts to get.

Add holiday-themed foods to your menu to appeal to your patrons’ palates! Holiday favorites, such as turkey, egg nog and stuffing are always a hit! Get creative with adding items and ingredients that your customers may not be familiar with to surprise them and keep them guessing!

Appeal to the smallest patrons by offering foods that can excite them, such as specialty-shaped foods (sandwiches shaped like Christmas trees!), holiday cookies and other treats shipped from the North Pole.

Holiday-Themed Activities

Help your patrons get in the spirit by adding a holiday feel to your restaurant. You can choose specific nights to throw special holiday parties which feature holiday music and a winter wonderland decor.

If you have a family-friendly restaurant, encourage your customers to bring their kids by planning a visit from Santa Claus, as well as arts and craft activities, such as making holiday cards. Advertising a free photo with Santa with every family meal can help your customers save on holiday photos and instead spend their money in your restaurant.

Holiday Specials

The holidays are an expensive time when most of us shop for gifts for family and friends. Help ease the financial burden your patrons may be facing by offering holiday specials and coupons that they will surely appreciate.

Consider tying in an exclusive discount with a charitable cause, which is always important to remember during the holidays. Ask your customers to stop by and leaved canned food for a local food bank or used clothes for a nearby shelter. In exchange for their donation, you can offer a discount on their food purchase or a free item (a drink or dessert) in addition to a paid meal.

Marketing

Once you figure out your holiday menu, decor, activities and specials, you need to share that information with your target audience so that they can be informed about what is going on at your restaurant. Consider the best ways to get their attention and how best to spend your marketing budget.

If your restaurant is located in an area with high traffic, putting up a large sign or poster may suffice. Otherwise, sending in-home mailers to your local patrons or sending out emails through your customer database can be effective.

To stand out from the competition, consider unique ways that you can grab your customers’ attention and encourage them to frequent your business. This can include funny holiday cards to make them laugh or bold online campaigns.

Should you need help to invest in marketing or making your restaurant holiday-friendly, IOU Financial is happy to help. We offer hassle-free small business loans of up to $300,000 in as little as 24-48 hours. Visit our website to get more details about how we can help your restaurant thrive during the holidays and all year round!

3 Things you can do NOW to Avoid Tax Headaches Next Year

As the days are winding down at the end of the year, it may be tempting to relax and start planning for time off during the holidays. However, business owners should know by now that there is rarely time to relax when running their business. The end of the year is actually the perfect time to get busy and plan now to avoid tax headaches next year. We recommend three things to consider doing now to ease the burden come next April.

Incorporate Ways to Boost Accounting Efficiency

For most business owners, the most difficult part of doing taxes is preparing for them. Gathering receipts, calculating the cost of doing business and counting your profits takes up a lot of time. Losing or forgetting important documents that represent spending or profits can lead to mistakes on taxes and a big headache for you.

How can you streamline the process of preparing for taxes? By reconsidering how you conduct your administrative services and incorporating new ways to boost efficiency. For example, instead of writing paper checks and balancing your checkbook, switch to sending electronic checks straight from your bank account. Not only will this save you the price of a stamp, but it will also help you track all of your spending via your bank account in one place.

Purchasing an accounting program, such as Quickbooks, is another advantageous strategy that allows you to regularly update all of your financial information, spending and earning, in order to generate reports when filing your taxes. 

Automate Your Payroll System

How do you pay your employees? If you do so manually, you are not only wasting valuable time, but you may make mistakes that can prove to be troublesome for you and your staff. To increase productivity and eliminate errors, invest in an automated payroll system which pays your employees through a computerized system.

A special payroll system will calculate wages based on employee agreements (hourly pay or salary) and generate paychecks as well arranging direct deposits.

The first tax benefit of an automated payroll system is that it is a safe place to store payroll records that doesn’t take up any space. Remember that the Internal Revenue Service (IRS) dictates that employment tax records must be kept for at least four years!

The second benefit of this system is that it makes it easy to accurately withhold necessary deductions, such as state income, social security and Medicare taxes. Utilizing the system’s hard-coded tax rates, you eliminate payroll tax errors come tax time.

Finally, the payroll system syncs with your accounting system to provide accurate reports whenever you need them.

Save for Business Taxes

The end of the year is the right time to approximate how much small business taxes you may be liable for. Print or create a profit and loss statement to reflect your financial situation; once you have this information, you can count how much taxes you may be responsible for.

This will help avoid unpleasant surprises come tax time, and will help you save the required amount to pay off the taxes. Remember that the IRS also offers convenient payment plans if you cannot pay the full amount by the due date.

If you need help affording a payroll and/ or accounting system or require financial assistance to pay off your business taxes, turn to IOU Financial. Our hassle-free small business loans of up to $300,000 can be in your bank account in under 48 hours! Contact us today!