How to pay yourself as a small business owner: salary vs draw | Start your business

How to pay yourself as a small business owner: salary vs draw | Start your business

When you start a small business, it is hard to differentiate work income with personal income. Making sure you have a set pay structure for yourself is crucial in payroll and taxes.

See whether you should take a salary or an owner’s draw: https://intuit.me/3pxr8aU.

Salaries and draws are the two ways you can give yourself income. Each option has positives and negatives based on your cashflow, tax structure, and business type. Figure out which is best for you and your business!