Accounting Journal

Accounting Journal

Too much cash in the company?

Asif Patel's avatar
Asif Patel
Oct 01, 2025
∙ Paid

Although many companies are facing difficult times, some have managed to accumulate a sizeable amount of cash in their business’s current account. Leaving this cash where it is brings with it the impact of inflation eroding the amount, together with potential tax problems when withdrawn by the director, including sometimes being taxed at a high tax rate…

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