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Business Owners: Let's talk about how you pay yourself
Manage episode 312117569 series 3221675
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As a business owner, how do you pay yourself? Do you pay yourself as an employee? Do you take a draw from your account and then settle the taxes at tax time? Do you pay yourself as a shareholder with dividends (you have to have the right business type to do this)?
There are many ways to pay yourself and each may have benefits that you think are good for you. This episode goes over what you need to consider and how you might be able to put more money in your pocket while legitimately paying less taxes.
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