How to Pay Yourself as a Company Structure

If you are operating through a company, you will likely want to take some profits for yourself. In this video, I go through the different options you have when it comes to paying yourself as a company owner.
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⌚️Timestamps
0:00 Company Funds vs. Personal Funds
0:50 Wages
2:07 Directors Fees
3:12 Dividends
5:59 Loans
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective.
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#companytax #businesstax #taxaustralia

[EthanRooshock]

Do you use a company structure for your business?

[La-vcnt]

Thanks Ethan, perfect timing. Full of reality helpful information. Cheers 👌

[techitint.]

Thanks heaps mate, clear and well explained. Will subs your newsletter.

[tee]

Good video Ethan, thanks! I enjoy your content. I created a company aprox 1.5years ago, made myself and my partner directors and shareholders. It employs him to drive a tipper truck and I loaned the company a lump sum to get started and purchase said truck.

[AninePlus]

Can a company pay food, accomodation, coffee/ tea & telephone for the employee? So it is expenses of a company that is not taxed to an individual or PAYG ?

[theaussienurseflipper.]

Great vid mate, quick question. Say U have a company which has profit of $50, 000. If U buy shares in the business name on stock market. Do U first have to pay tax on the profit? Cheers Graham

[jaspreetgrewal]

If the company is just set up then it pay dividends to shareholder or it can only pay dividends after doing 1st year tax return? Could you plz explain?

[Llhmzl]

Can you get money out of your company as contactor concept but without a separate ABN?

[yusufg]

Can you employ yourself as a contractor to your company using a abn for yourself to avoid paying super to yourself as a director