ACCOUNTANT EXPLAINS - How to Pay Yourself From a Limited Company (Without the Year-End Shock)

How do you pay yourself from a limited company? I'm an accountant, and I work through one too — and the day the biggest payment my company had ever received landed, not one pound of it was mine yet. If you're a contractor, consultant or freelancer with your own limited company, this is the episode I wish someone had given me. Money that lands in your company has three jobs before it can start building your life. I walk through all three — and the one page that holds them. What's inside: The four claims on every client payment — VAT, payroll, corporation tax, and the personal tax that arrives much later Why capable contractors get shocked at year-end (and why a bank balance can't warn you) Job one: separate what isn't yours — the split-twice method Job two: smooth what reaches your household — a fixed household pay, whatever the month Job three: build a counterweight — value the company's weather can't reach The Owner's One Page — build it once in ninety minutes, review it in thirty, once a quarter ▶ Watch the previous episode — ACCOUNTANT EXPLAINS: Why Your Money Disappears (Even on a Good Income):    • ACCOUNTANT EXPLAINS - Why Your Money Disap...   CHAPTERS 00:00 The money that wasn't mine yet 00:19 Four claims, two sides of the line 01:32 The year-end shock 02:23 Two businesses, three jobs 03:06 Job one — separate what isn't yours 04:21 The gate 05:01 Job two — smooth what reaches your household 06:18 "I'll sort the pension later" 06:58 Job three — build a counterweight 07:48 Ten years — version one 08:59 Version two 09:38 This is not disloyalty to your work 10:11 The Owner's One Page 11:19 Count the boxes Your life is already a business. The only question is whether you're running it. Life Is Business is reflection and education for people who earn well and want to build well — not financial, tax or investment advice. How money leaves a company, and what it costs on the way out, depends on your circumstances; get the route checked by an accountant or a regulated adviser before acting on a video. Sole traders and people on payroll: the mechanics differ, the three jobs don't. #limitedcompany #contractor #accountant #personalfinance