One of the most common things business owners ask me is what they should do with surplus cash within their business.
Ideally, you should have a strong cashflow plan and know what your business’s run rate is. Many business owners like to keep 6 – 12 months of funds in case of an emergency, held safely in a business savings account. This can help keep the lights on if something unexpected happens.
Over and above this emergency fund, many business owners find they still have surplus cash within the business that they’d prefer not to pay personal tax on.
If you have surplus cash, this free guide details 7 potential strategies that can help you make the most of your money as a business owner. Click the ‘Download’ button to get your free copy.
Speak to us at Cordiner Wealth
If you’d like to find out what the best options are for surplus cash in your business, please contact us at Cordiner Wealth.
We’re experts in helping business owners like you to make the most of your money.