How to Pay Yourself from Your Business
You have two options when it comes to paying yourself from your incorporated business: a dividend or a salary. We discuss the pros and cons of each option in this article.
Helpful articles for solo service business owners on things you need to know about bookkeeping, accounting, and taxes for your incorporated business.
You have two options when it comes to paying yourself from your incorporated business: a dividend or a salary. We discuss the pros and cons of each option in this article.
This post helps to demystify the small business tax landscape. It gives you the information you need to stay compliant in terms of your business tax filings and payments.
At the end of the day, you have to ask yourself a simple question: was this expense paid primarily in an effort to earn business income? If the answer is yes, it is deductible, if the answer is no, it is not."