Owners Draw vs Salary: How to Pay Yourself Bench Accounting
ContentThe basics of an owner’s drawSalary method vs. draw methodHow Much to Take From Your BusinessWhy Take a Salary? When deciding what to pay yourself, you’ll want to take into account your expected profit and expenses. As your circumstances change, you can always give yourself a raise or take a pay cut if needed. At year end, the partnership will file a Schedule K-1 that reports the business’s profits, losses,...