Not sure how to pay yourself from your business? Or what to pay yourself? Or how much you should put to the side to pay income taxes?
There are a lot of percentages and formulas floating all around but is it right for you and your business? How can you be sure?
Deciding what you should pay yourself as a business owner can be a confusing matter to resolve but I’ve got you covered.
Note: This episode is especially for you if you’re a solopreneur (DBA/doing business as; sole proprietor or a single-member LLC treated as a sole proprietor). There’s a separate episode for business owners of corporations.
Mentioned in today’s episode:
- the question you should ask yourself BEFORE you start transferring money from your business
- the quick calculation you can use to figure how much to pay yourself
- The Pay Yourself Calculator (part of the Money Metrics Tracker Bundle)
Have money questions? Want me to give you my 2 cents on an upcoming episode? Send your question to firstname.lastname@example.org.