Originally posted by platforminc
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Reply to: Business Account & limits
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Previously on "Business Account & limits"
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Business Account & limits
With the Govt legislation only protecting only up to 50k if you hold cash in a bank account, what would be the recommendation here, is it better to split the money into several business accounts ?
Lastly, I have not been drawing out that much money from business account for the last 8 months, I would like to know how others draw money out of their accounts ?
My accountant does my accounts for me, and I do ask for a tax exposure estimate, as long as I keep this money aside and that of VAT, anything stopping me from drawing out little money when I need it ?Tags: None
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