How Do You Pay Yourself as a Business Owner?

[Suba]

As a person who runs a business, of course you also have daily needs that must be met. As a business owner, of course you can determine the amount of salary you want as long as the company's financial condition is adequate. You can pay your employees and of course you also have to pay yourself, but how do you pay yourself as a businessman?

 

[Starmix]

Every payday , I pay myself first by treating myself to a nice resto and eat what I like to eat. I dine alone because it is for myself only.

 

[Springtime]

I am not a business owner. My brother is. He gets a salary from his company every month.

 

[eLdavis]

One way I pay myself as the business owner is by simply buying something nice for myself. It could be a small cake and so on.

 

[King Belieal]

I pay myself 60% of the profits for the business and put the rest back to improve the business and I feel it is balanced at that ratio.

 

[Suba]

As a business owner we must pay ourselves, at least higher than our employees, in addition to reducing business income tax, also as a completeness of financial records. Although later when the business needs additional capital you can also reinvest from the collection/savings of the salary received.

 

[Augusta]

it is to have a percentage you take away from your profit monthly to call it your own payment and that's it.

 

[Suba]

Unfortunately, many novice business people do not list their salaries, for various reasons such as the business has not been able to make a profit, etc., so that the profit will appear larger and will be directly deducted from income tax, besides recording the business owner's salary as a document, it will also be useful for analyzing the business's ability to make a profit.

 

[Nomad]

I don't pay myself a salary, I take the profits. However, I do not use all profits, I reinvest some back into the business

 

[Min George]

Most business people just have a fixed amount they pay themselves based on the profit levels of the business.