How do I take money from my business?
We get it. You’ve started out in business, and now you want to pay yourself. Our short help videos and tutorials will guide you through the different methods for paying yourself as a sole trader, or through a limited company.
As a sole trader or partnership, the profits are yours, and it’s up to you how they are used. You’ll be taxed on the profits that you make, and not just on the money you take out of the business to pay yourself. Remember to put money aside to pay your tax bill to avoid any nasty surprises!
Paying yourself through a limited company is a bit more complicated, because the business is a separate legal entity. This means any profits belong to the company, so there are rules about how you take money out of the business in order to pay yourself.
Watch our video guide to paying yourself, or learn more about our online accounting services for businesses just like yours.
Paying Yourself from Your Business
When you start out in business, you’ll need to know how to pay yourself. The method for this is a bit different depending on whether you want to know how to pay yourself as a sole trader, or through a limited company.
Read our guide to learn all you need to know about paying yourself from your business.