How Do You Pay Yourself as a Sole Trader? (UK) | 2025 скачать в хорошем качестве

How Do You Pay Yourself as a Sole Trader? (UK) | 2025

Self employed and wondering how you pay yourself? Watch this. In this video Dan runs you through how you pay yourself as a sole proprietor / self employed person (UK). Watch on! Topics include: 00:00 Introduction 00:13 How to actually pay yourself as a self-employed owner 00:26 How to categorise self employed wages in the records 00:48 Do you need a business bank account as a sole trader 01:37 Making Tax Digital for Income Tax 01:50 How to speed up your book-keeping 02:19 If you have a HMRC investigation 02:42 Is the business money all yours? 03:04 Planning for your personal tax bill 03:18 How much money to leave in the account 03:43 Tax return error to avoid 04:24 HMRC penalties You can sign up to Xero’s Accounting Software with a great discount here: www.heelanassociates.co.uk/xero If you have any questions or thoughts on this, please comment below. Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners. You can also watch on our other YouTube channel    / @heelanhub   Join our mailing list for tax tips at: www.heelanassociates.co.uk You can see more about what we get up to as an Accountancy Business on the following: LinkedIn (Dan):   / danheelan   Instagram (Dan):   / danheelan   Twitter (Dan):   / danheelan   TikTok (Dan):   / dan.heelan   Instagram (Company):   / teamheelan   Facebook (Company):   / heelanassociates   Twitter (Company):   / heelanassocs   Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: [email protected] #accounting #smallbusinessuk #tax Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links.