The P.t. Entrepreneur Podcast

Got a great question from the PT Entrepreneurs Facebook group about how to actually pay yourself when you're the boss, especially in a cash practice. It's a common question, and getting it wrong can cost you big time. We dive into the differences between structures like LLCs and S Corps, talk about the concept of a "reasonable salary" versus distributions, and why payroll taxes matter. I explain why just picking a low salary to save on taxes can backfire hard during an audit. Bottom line: understanding how to pay yourself legally and efficiently is crucial, but it's not something to guess on.