Whats the benefit of paying yourself small monthly wage

[Platypus]

You can pay a divvy monthly if you want. So long as it comes out of profit.

Probably an old chestnut around these parts, but my accountant advised me to pay divs quarterly. Monthly looks too much like salary.

[Platypus]

I have no idea how to run a business.... that's clearly obvious

Oh honestly do make some effort to find out how this works. Perhaps Daddy's accountant can explain it all to you?

[Alan @ BroomeAffinity]

. I just pay an accountant to make sure I pay the right money when it's due.

No, you pay (or are supposed to) an accountant for his/her advice and expertise. Chiefly, this should involve tax planning and mitigation. If he's not doing that, its negligent, IMHO.

[oracleslave]

Probably an old chestnut around these parts, but my accountant advised me to pay divs quarterly. Monthly looks too much like salary.

myth

[Alan @ BroomeAffinity]

Probably an old chestnut around these parts, but my accountant advised me to pay divs quarterly. Monthly looks too much like salary.

Yuo can pay divis as often as you like. It has no impact on your self-employed status. That is far more complicated and has been done-to-death on this forum.

[Archangel]

and not everything you have invoiced for minus your Corp Tax and VAT?

To keep it simple:

1) Dividends do not attract National Insurance
2) So a low salary (say £5225pa) would attract little or no NI
3) Pay a dividend (monthly or quarterly or whatever) out of PROFITS
4) Pay the corp tax
5) Declare the salary and dividends on your self assessment and pay the extra tax if you've gone over the 40% tax band

There you go.

If you are inside IR35, please ignore the above
The above example does not take into account any expenses (which you probably don't claim anyway, due to ignorance)

Your accountant should have explained the above 3 years ago (I would sack him).