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: 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!
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[@shenelldavis6491]

Thank you for the information, it's very helpful.

[@margaretdixon9202]

Well done, entertaining and informative!

[@cbell3408]

Great job! Excellent execution.👍👍

[@Urbanetectonics]

Easy to understand. Great learning tool.

[@quickbooks]

Glad to hear you found it useful! ^Emma

[@ogreavesx]

Love her, very helpful

[@MagickandMediums]

such a cute and informative video!

[@kennyshandcuffs9005]

Wow thanks so much.

[@kassiedoo]

Thank you so much

[@gregperry9204]

But how do you actually do it in QB online? I'm an S CORP i want to et up paying myself a salary, how?

[@mrclickclickboom69]

Sweet, thank you. ❤

[@ALLEATSLLC]

Thank you so much...great information #lifesaver

[@Celineelisexo]

yall made a video and I still don't understand :/

[@brandonacklin1913]

Nice

[@RobertGarcia-ty8ks]

Yes

[@EDOutdoors91]

Literally answered everything except for the question....

[@quickbooks]

Hi there! Our article here: quickbooks.intuit.com/r/payroll/salary-or-draw-how-to-pay-yourself-as-business-owner/goes through a detailed break-down of the differences between these two ways to pay yourself, and which is most applicable to your particular business/business type. This should help clarify what the video went over for you! ^Faith

[@Citius220]

@@quickbooks The linked article is even worse than the video. The video did not answer anything -- just raised more questions 😭

[@aaronmartinez2170]

For a s corp can u pay you’re self through payroll and owners draw

[@quickbooks]

Hey there. For any questions such as this as to pay yourself, we suggest contacting your accountant. Have a great day. -Kristina

[@heatherpowell3435]

How do I pay someone for an Audit and to do this for me off rip

[@bonniefowler4198]

Where is the link to the article?

[@quickbooks]

Good afternoon, Bonnie! You can view the article about taking Salary vs Owners Draw right here: quickbooks.intuit.com/r/payroll/salary-or-draw-how-to-pay-yourself-as-business-owner/ Please feel free to reach out with any other questions!

[@brandonacklin1913]

🐍🐍🐍

[@saritaylor3648]

So if you draw you should tax it too is that right

[@quickbooks]

Hello there, Sari. While we can't tell you exactly what should be taxed and what shouldn't, we can provide insight to help you better understand salary vs owners draw. For more information on the topic, and how to determine which is best for your business, please visit: quickbooks.intuit.com/r/payroll/salary-or-draw-how-to-pay-yourself-as-business-owner/ Don't hesitate to reach out with any other questions!

[@quickbooks]

I've got you covered, Greg. The Article below will provide a step by step guide on how to pay yourself. Please let me know if you run into any issues along the way. quickbooks.intuit.com/learn-support/en-us/chart-of-accounts/set-up-and-pay-an-owner-s-draw/00/185809 ^Alex