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?
01249
1 Replies
Bsch4477
Level 15
Oct 27, 2021 9:46:30 AM
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.