How do I pay myself as a director?

In this video, Nick from 1st Formations explains the practical steps you need to follow to pay yourself correctly, stay compliant with HMRC rules, and make sure your company's finances stay in good shape.

Whether you’re new to running a business or simply want to check you’re following best practice, you will learn:

How to register your company for PAYE
How to decide your salary and payment frequency
The legal deadline for paying tax and National Insurance
The record-keeping requirements every director must follow

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Chapters:
0:00 Intro
0:37 What PAYE is, and how to register for It
1:13 Setting up payroll software
1:52 How much to pay yourself
2:28 How to pay yourself

About 1st Formations:
1st Formations is the UK’s leading company formation agent. Founded in 2014, we have formed over 1 million companies and helped thousands of clients to grow their business with expert advice on limited companies, reporting requirements, and corporate governance.

Website: https://www.1stformations.co.uk/
Blog: https://www.1stformations.co.uk/blog/
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