Laura_CPA
Employee Tax Expert

Tax law changes

Thank you for answering that question. In your case, you would not be able to pay yourself a salary, but you can take owner's draws from your business to your personal account for your personal expenses. The limit? You can take up to 100% of your profits and equity, but you have to be careful you leave enough money for the operations of the business. 

 

Hope this helps answer your question. 

 

Cheers,

Laura 

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