Shownotes
- This week Hunt discusses a common misconception surrounding S-Corp draws and how they are taxed.
• What is a draw and how do you know how much you can take out of your business?
• Does the amount that I pay myself have any relationship or impact on how much in draws I can take?
• Do I pay tax on my draws?
• What are issues that I could end up paying taxes on my distributions from my business?
Thanks to our partners, NAPA TRACS and Promotive
Visit NAPATRACS.com and GoPromotive.com
Paar Melis and Associates – Accountants Specializing in Automotive Repair
Visit us Online : www.paarmelis.com
Email Hunt: podcast@paarmelis.com
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