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Content provided by Tiffany Phillips, CPA & Small Business Tax Strategist, Tiffany Phillips, CPA, and Small Business Tax Strategist. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tiffany Phillips, CPA & Small Business Tax Strategist, Tiffany Phillips, CPA, and Small Business Tax Strategist or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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269 \\ How to Pay Yourself Right from Your LLC (And Avoid the $10K Tax Mistake)

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Manage episode 503163105 series 3399967
Content provided by Tiffany Phillips, CPA & Small Business Tax Strategist, Tiffany Phillips, CPA, and Small Business Tax Strategist. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tiffany Phillips, CPA & Small Business Tax Strategist, Tiffany Phillips, CPA, and Small Business Tax Strategist or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

If you’ve got an LLC and you’re wondering how to actually pay yourself, this episode is your playbook. I break down how to take money out of your business legally, what the IRS really looks for, and the exact steps to avoid paying way too much in taxes. You’ll learn what an owner’s draw is, how self-employment taxes work, and when you must start thinking about becoming an S-Corp. This is about real money—tens of thousands in tax savings—and you don’t need an accounting degree to get it right.

Next Steps:

💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense!

☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call

📧 Questions? Email Me at [email protected]

👩‍💼 Join My Private Facebook Group: Tax & Wealth Strategies for Women Entrepreneurs 📲

  continue reading

281 episodes

Artwork
iconShare
 
Manage episode 503163105 series 3399967
Content provided by Tiffany Phillips, CPA & Small Business Tax Strategist, Tiffany Phillips, CPA, and Small Business Tax Strategist. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tiffany Phillips, CPA & Small Business Tax Strategist, Tiffany Phillips, CPA, and Small Business Tax Strategist or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

If you’ve got an LLC and you’re wondering how to actually pay yourself, this episode is your playbook. I break down how to take money out of your business legally, what the IRS really looks for, and the exact steps to avoid paying way too much in taxes. You’ll learn what an owner’s draw is, how self-employment taxes work, and when you must start thinking about becoming an S-Corp. This is about real money—tens of thousands in tax savings—and you don’t need an accounting degree to get it right.

Next Steps:

💰 Start Paying Less in Taxes – Grab a Copy of Your Biggest Expense!

☎️ Find Out How Much You’re Overpaying the IRS – Book a Free Discovery Call

📧 Questions? Email Me at [email protected]

👩‍💼 Join My Private Facebook Group: Tax & Wealth Strategies for Women Entrepreneurs 📲

  continue reading

281 episodes

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