I am the sole owner/operator of a small business, set up as an S-corp. i am its one employee, paying myself a monthly salary a fraction of what the business nets each month. it simply has one checkings & savings account with Chase i have 300k in the bank account and the business's monthly expenditures never eclipse 3-4k, with the exception of the odd camera/computer upgrade every other year. income is still coming in steadily.
is there anything i can do with this money? is the safest, smartest, and/or simplest option to just issue the savings to me as surplus salary, pay the taxes, and then invest in my personal money market accounts?
open to any ideas or suggestions!
Submitted April 25, 2021 at 11:31PM by cornelius_cumquat https://ift.tt/2QUDtc4
