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October 27, 2021
Question

Payroll

  • October 27, 2021
  • 1 reply
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What is the rule of thumb for how much to pay yourself as a salary (with respect to total anticipated gross income) in order to not have to take out a line of credit in slow season?

    1 reply

    October 27, 2021

    What you pay yourself depends on what you need to spend. According to the IRS, business owners should pay themselves a "reasonable salary” but that term is not defined.