33 \\ How to Pay Yourself as a Business Owner (Without Messing Up Your Taxes)

Confused about how to pay yourself from your small business? You’re not alone. In this episode, we break down the right way to take money out of your business, why draws and transfers work differently than payroll, and the mistakes new business owners make that can wreck their finances and taxes. Learn why separating business and personal accounts is essential, how to know how much you can safely pay yourself, and why understanding your profit, overhead, and tax obligations comes before transferring a dime. If you’re a new entrepreneur or running an LLC or sole proprietorship and unsure how to handle paying yourself, this episode gives you clarity and confidence.

 

Episodes mentioned in the podcast:

🎧 Episode # 31 - Estimated Taxes: What Are They and How to Pay Them

🎧 Episode # 21 - Small Business Finance 101 for Entrepreneurs

🎧 Episode # 9 - 3 Strategies to Reduce your Audit Risk as an LLC

 

Next Steps:

💰Pay Less in Taxes – Start Here! 💰

☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!

📧 Contact Me --> hello@phillipsbusinessgroup.com 

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