FREE VIDEO

Learn How to Pay Yourself from Your Company

As a director of a company, there are more ways you can pay yourself than if you are a Sole Trader. You can pay yourself a salary or dividend and contribute to your pension through your company.

In this free video, we discuss how to extract money from your company and the accounting requirements involved with paying yourself.

What You’ll Learn

What are the different options for payment inside and outside of Ireland?

There are generally two ways you can pay yourself: salary or dividends. If you’re not a resident in Ireland, there may be a double taxation agreement with your country of residence, or you may be able to apply for a PAYE exclusion order.

How to pay yourself a salary through payroll

Taxes can differ between proprietary Directors vs. non-proprietary Directors. Paying yourself through payroll can have different requirements depending on personal circumstances.

How to plan your salary to minimise your tax liability

You can plan your salary to avoid the higher income tax rate. You can also contribute to a pension scheme that can lower your tax liability.

How to claim tax credits

Depending on personal circumstances, tax credits can help reduce the amount of income tax due.

What are your accounting responsibilities with each payment method

Salaries and dividends paid out to directors need to be reported to Irish Revenue through specific forms and processes.

What’s the best way for a business owner to pay themselves

If you need specialised advice, you can arrange a one-to-one consultation with one of our accountants.

This Video is Presented By

Tom Francis – Head of Accounting & Small Business

Tom is a Fellow Chartered Certified Accountant (FCCA) and Chartered Tax Advisor (CTA) and is Head of Accounting & Small Business at Kinore.

His expertise includes:

• Accounting

• Compliance

• Taxation for small and medium businesses and company directors

Tom leads a team of highly-skilled accounting professionals who serve high-potential startups and SMEs. Kinore provides expert business advice and ensures business owners have peace of mind that their statutory requirements are taken care of.

Tom has built strong client relationships and has extensive experience providing technical support in accounting, compliance, and taxation to help business owners grow and scale their companies.

Frequently Asked Questions

Our Client Services Team is always happy to help with any questions. We aim to respond to queries within two hours, or you can chat with us instantly via live chat.

Call us on +353 (0)1 905 9364 or email hello@kinore.com

I have questions about my specific circumstances, can you help?

Yes. You can talk to us one-to-one via video call, email, phone, or live chat. We are committed to a two-hour response time so you can rely on our support when you need it. Our goal is to make starting and running a business in Ireland as simple and straightforward as possible.

How do I know if this information applies to me?

This video is produced for informational purposes only and may not apply to every situation. For accurate and personalised advice, please contact our Client Services Team.