Interest on Bank Accounts

[Lucifer Box]

what if i just spend the money reserved for Corp tax and then just put it back into the buisiness account when its due....?

Then that would be a loan from YourCo to you and subject to all the usual rules governing such loans.

Remember, company money isn't your personal slush fund.

[Maxamus]

how are you "spending it" ?

At the moment im not, it just gets transfered over to my "business money manager" account. I put it in there so that its out the way. Otherwise i'll end up accidently including it in some dividend payment.

[northernladuk]

At the moment im not, it just gets transfered over to my "business money manager" account. I put it in there so that its out the way. Otherwise i'll end up accidently including it in some dividend payment.

I used to do that but more to make use of a better interest rate than my standard account. Freeagent has now negated the need to move it somewhere else for accounting reasons.

[TheCyclingProgrammer]

I used to do that but more to make use of a better interest rate than my standard account. Freeagent has now negated the need to move it somewhere else for accounting reasons.

Stop it!

[BrilloPad]

Stop it!

Have you been promoted to mod?

[Lambert Simnel]

I used to do that but more to make use of a better interest rate than my standard account. Freeagent has now negated the need to move it somewhere else for accounting reasons.

Are you really just reviving a 10 year old thread to plug Freeagent? You on commission now?

[TheCyclingProgrammer]

Have you been promoted to mod?

If I had I would have closed this thread already.

[kaiser78]

Are you really just reviving a 10 year old thread to plug Freeagent? You on commission now?

He revived a 12 year old thread in General too...

[northernladuk]

He revived a 12 year old thread in General too...

No one likes a grass...

[kaiser78]

No one likes a grass...

Fess up - you is rumbled...