I agree with Brendan that you should talk to your accountant.
However I don't agree that you shouldn't be building up cash in your company. Leaving cash in a company does have tax implications/costs and these need to be taken into account when making decisions. Tax efficient exit strategies are available (e.g. retirement relief/entrepreneur relief)
I am planning to discuss all of the above with my accountant as well but I like to do some research myself too.
The consensus among serious tax experts is that excessive cash accumulations are inadvisable precisely because they imperil the availability of such reliefs.
I think you've just contradicted your own point there.I wouldn't agree with this and I've never heard of any such consensus. If one considers the current Revenue invention of "excess cash" this has no basis in legislation and merely gives their view of the legislation. It is all how one interprets Revenue guidance, and this is all it is, and advises the client accordingly.
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