UK Payroll

[InvCont506]

Hi,

I was wondering how do you recommend a director to pay himself. It`s a small company. I`ve used my personal account to pay until now and trying to change that. How do you guys balance cashflow, personal accounts, company accounts...?

Many thanks

 

[Shounak]

I wonder how you are using your personal account to pay yourself as the money should ideally be received in the company account. Thereafter any money that you withdraw will either be in the nature of salary or in the nature of loan depending on if you wish to return the same. Please do elaborate on the process that you are currently following so that I can have a better understanding of the same