Paying Yourself - How Good Business Leaders Pay Themselves & Why it Matters

Oftentimes business owners may be conflicted about how much to pay themselves or whether to at all. Understanding the balance between investing in the business, looking after your team and ensuring that you and your family are getting a return too is a fragile thing. In the video below you will learn how to navigate the world of paying yourself as a business owner so that it adds to your business, not subtracts from it.
 
In this video you will learn:

  • How to decide on your reward for effort - i.e. how much is your job worth?

  • The importance of having a personal budget – how much do you need

  • Why consistency and regularity or drawing is key

  • The difference in mediums of withdrawal – salary/drawings/dividend

  • How and when to use a personal loan from companies and trusts

We are here to help. So if you are unsure about how you should pay yourself, give one of our experienced accountants a call on 5482 2855.

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