03 \\ How to Pay Yourself Correctly as a Small Business Owner
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Thu 29 Sep 2022
- Episode Link
- https://smallbusinessfinance.podbean.com/e/04-confused-about-paying-yourself-top-tips-on-how-to-get-money-out-of-your-business-the-right-way/
Are you confused about how to pay yourself from your business? This episode explains exactly how small business owners should pay themselves—and what mistakes to avoid. Learn whether you need a W-2, how distributions work, why separating business and personal bank accounts is critical, and the tax rules that apply to LLCs, partnerships, and S Corps. You’ll also hear practical tips for setting aside money for taxes and keeping clean records to avoid IRS problems. If you’re ready to pay yourself the right way and keep your business finances in order, this episode will clear it all up.
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year? Schedule a FREE discovery call to find out!
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