Thursday Sep 29, 2022

03 \\ The Biggest Mistakes Small Business Owners Make When Paying Themselves

Are you a small business owner wondering how to pay yourself the right way? In this episode, we’re breaking down everything you need to know about taking money from your business—legally and effectively. Whether you're a sole proprietor, an LLC, or an S Corp, this episode explains when to take a W-2, how to avoid IRS red flags, and the best way to separate business and personal finances. We’ll cover why keeping business and personal accounts separate is non-negotiable, how to transfer funds for personal use, and tips to plan for taxes so there are no surprises at the end of the year. If you’ve ever been confused about paying yourself or worried you’re doing it wrong, this episode has the answers you’ve been looking for. Listen now and take control of your business finances!

 

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

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