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Director Drawing Money From Company Australia: How To Do It

Davie Mach
33.3K subscribers
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34K views 5 years ago AUSTRALIA
If you've got a company structure within your business, it's not necessarily as easy to withdraw money the company vs. if you were in a sole trader or partnership structure. A proprietary limited company structure means that your business is a separate entity, making it tricky when it comes to navigating the tax landscape whenever you need additional funds. In this video, I cover some of your options to figure which option(s) may be most suitable for you. Hope you find it useful! 0:00 - Intro 0:56 - Option 1: Director's Wages 1:25 - Option 2: Dividend Payments 2:02 - Option 3: Company Loan 2:59 - Recap and Final Thoughts Full blog post: https://bit.ly/2UH9566 — Thank you for watching this video. I post weekly videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy my comments and find it valuable, subscribe to the channel, like and share …...more
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Director Drawing Money From Company Australia: How To Do It
583Likes
34,731Views
2019Apr 28
If you've got a company structure within your business, it's not necessarily as easy to withdraw money the company vs. if you were in a sole trader or partnership structure. A proprietary limited company structure means that your business is a separate entity, making it tricky when it comes to navigating the tax landscape whenever you need additional funds. In this video, I cover some of your options to figure which option(s) may be most suitable for you. Hope you find it useful! 0:00 - Intro 0:56 - Option 1: Director's Wages 1:25 - Option 2: Dividend Payments 2:02 - Option 3: Company Loan 2:59 - Recap and Final Thoughts Full blog post: https://bit.ly/2UH9566 — Thank you for watching this video. I post weekly videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy my comments and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful! — ► Subscribe to my channel here:    / daviemach   — Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients. Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses. He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales. — Follow Me: LinkedIn:   / davie-mach   Instagram:   / boxas_syd   Facebook:   / boxadvisory   Website: https://boxas.com.au/ — DISCLAIMER: Please note that every effort has been made to ensure that information provided in this video is accurate. You should note however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.

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Davie Mach

33.3K subscribers