How much should I pay myself?

How much should I pay myself?

It depends. No, really — it does. I ask each client a handful of questions when trying to determine how much they should compensate themselves: What industry are you in? How much work do you do? Do you have any employees? How much money are you currently making? Are you a PLLC or LLC? Are you an S-Corp? (The below information does not apply to S-Corps because S-Corps require a reasonable compensation.) Generally, I’ll look into your records and cash flow to help determine your salary.  However, the following chart works well as a general outline to determine your compensation,…
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