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March 11, 2010

Skip Payment Program

Accommodate Slow Periods

1. Skip payment programs permit payment reductions and abatements during seasonal businesses' slow periods.
2. Seasonal businesses can then match larger payments with periods during the year in which more cash is generated.
3. Another form of a skip payment program would be a quarterly or semi-annual payment option.
SKIP PAYMENT EXAMPLES
School Districts: Often times, school districts elect to go with annual payment options that match income tax revenue.
Tourism: Businesses catering to tourism may elect to avoid payments during non-peak months when they know revenue is lower.

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