Can an owner withdraw his salaries from his self-employed business?
Wowza. Lots of information given.
A self-employed person cannot pay themselves a salary. They can withdraw what they want from the business, this is known as drawings. Of course, they will be taxed on profits and not drawings.
You need to be clearer
Nobody can answer definitively because it's not clear what your question is.
Is the business a limited company? What do you mean by salaries?
Salaries from self employed business and not from ltd company?
they will take it as a dividend via PAYE
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I also have one of these:
You get more for your money with these Portia
You get 6 crystal balls for less than a fiver! I've bought them for all of my team. Trouble is, a that price, there are always some duff ones in he pack.
Salary from self-employed business?
Dividends via PAYE?
Where do we start, and who is volunteering?
Never volunteer (courtesy of the book of answers).
salaries from self employed business not from ltd company
As cheekychappy already said, there's no such thing as an owner getting a salary from a self employed business. As a concept it doesn't even make sense.
The money in a self employed business already belongs to the owner, there is no withdrawl required.
Watch business loans
As a general rule money moving from a personal business account to a private account has no tax consequences .HOWEVER if business is financed by borrowing and sum drawn exceeds owner's capital, so that [in Revenue eyes]business borrowings are financing living expenses, then there will be a restriction of relief for interest paid
And never eat the yellow snow.
What can one say ?
At the noise up!!Your surely at the wind up.
You posted about mortgages for a client earlier which i thought must have been a wind up but now........ Do you actual charge people money for your "services"???