Does it make sense to incur a business expense just because it can be deducted? - KamilTaylan.blog
22 June 2022 12:45

Does it make sense to incur a business expense just because it can be deducted?

How should you pay yourself as a business owner?

There are two main ways to pay yourself as a business owner:

  1. Salary: You pay yourself a regular salary just as you would an employee of the company, withholding taxes from your paycheck. …
  2. Owner’s draw: You draw money (in cash or in kind) from the profits of your business on an as-needed basis.