Learn how to pay yourself from your company
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 pay themselves
If you need specialised advice, you can arrange a one-to-one consultation with one of our accountants.