How do all pay yourselves? What I mean is you have a certain gross income at the end of the week/month. One of the expenses to be deducted from your gross in order to figure out net would be the amount of money that you pay to yourself correct? This would be the amount of money that you transfer from your business into your personal account for personal use. Do you write yourself a check so there's a record of self payments or??
Hopefully my question isn't too confusing. It's currently one of the gray areas in my planning.
Yes you write yourself a check each week or month however you have it set up, and it should be for the same amount. As the owner your salery not hourly.
Yes pay yourself just like an employee, take out taxes, get checks with the guys on Friday, fill out a time sheet just like the rest. This will keep you out of trouble.
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