Solicitors – PII Renewal + Corporation Tax, South East, 2024
- April 3, 2026
Situation
Regional law firm. PII renewal and corporation tax both due within six weeks. Cash reserves allocated to hiring and systems.
Challenge
Overdraft already in use. Two separate obligations with different optimal repayment profiles.
Structure
PII spread over 18 months to match the policy. Corporation tax over 10 months. Two separate facilities, different repayment profiles, overdraft untouched.
Outcome
Both met on time. Hiring and systems programme unaffected.
Key insight
Layering facilities with different profiles is standard for law firms managing multiple annual obligations. The overdraft is the wrong tool for fixed, predictable liabilities.
