How to Pay Yourself as a Business Owner
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Cut Yourself a Check With Confidence
How much should you pay yourself? Should you draw money from the company account or run your paycheck through payroll? When is it the right time to start collecting a steady paycheck?
For business owners, these questions aren’t easy to answer. We’re breaking down what you need to know in order to cut a check to yourself with confidence.
Draw vs. Paycheck
When it comes to paying yourself, how you do it matters. And it depends on your entity type.
How much is too much?
You don’t want your salary to hurt the business, but you need to live. We’ll help you find the amount that’s just right for you.
Let’s Talk Taxes
The big question: how is this income taxed?
What Customers Are Saying
ScaleFactor goes above and beyond. I am very fussy and was never going to hand over my accounts and sleep easily at night, but sure enough ScaleFactor has made that possible. They have accommodated my every request and customize their solution to fit your needs—and all that at an extremely reasonable price. Try them, you will never look back!”
ScaleFactor is constantly developing and adapting client dashboards and reporting in the platform, providing versatile data that supports better decision making for our business. ScaleFactor provides us with real-time reporting capabilities and often interviews us to make sure they’re capturing actionable and critical data points that are most important to the services industry and our business. Having this type of data at our fingertips saves us time and keeps us out of Excel.”
ScaleFactor is that live dashboard that does help us make a lot of decisions, but even more importantly than that, to be able to follow up on a month and see what’s most important for us to focus on.”
