Hi, I am wondering what to do about the balances that are sitting in our business a/c from time to time. They are there to pay the wages for the next few months, but I am sure they could be earning us some interest somewhere in the mean time. I am with BOI for our business and personal accounts. Does anyone know of an instant access or at least, very little notice a/c that has a decent return. They money could be there for anything from 2 to 4, possible 6 months at a time before it is needed.
Also, would interest earned on this then have to be declared as earnings for our company returns?
Thanks.