Learn how to pay yourself from your company
What you’ll learn:
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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.
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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.
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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.
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How to claim tax credits
Depending on personal circumstances, tax credits can help reduce the amount of income tax due.
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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.
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What's the best way for a business owner pay themselves
If you need specialised advice, you can arrange a one-to-one consultation with one of our accountants.
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