56 \\ How to Pay Yourself From Your Business Without a Tax Headache

How do you take money out of your business without creating a tax mess? In this episode, Tiffany explains the right way to pay yourself as a small business owner. She covers when you should use distributions versus payroll, how to separate business and personal accounts to avoid IRS issues, and what entity types (LLC, partnership, S corp, C corp) require different approaches. You’ll also learn simple strategies to set aside money for self-employment taxes so you’re not caught off guard at year-end. If you’ve been unsure about how to move money from your business to your personal account, this episode breaks it down clearly and helps you avoid costly mistakes.

 

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 

📲 Follow me on IG @ the.tiffany.p.cpa