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Paying Yourself

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felt_tip

Messages count : 6
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Registration : 16 January 2009
Contact in PM
hello, I've used this site occasionally and found it useful for referencing various aspects and issues of being a freelancer.

I was wondering how people here pay themselves? I've been a freelance designer and illustrator for approx 3 years now and have always maintained my finances through my personal account. Bad practice i know, but i have recently opened a specific business bank account and i'm in the process of updating my new banking details to my invoice templates / clients etc.

But I was wondering, how much should I take from my business account as a weekly/monthly wage? I know this obviously depends on how much i earn, but i was wondering if there was a standard procedure or amount? Also, is this figure eligible to be included as a business expense and therefore be included on my tax return?

Thanks!

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