
367: Paying Yourself Before Year-end: S-Corps and LLCs
Main Street Business
00:00
The Payroll Matrix
The payroll matrix is just a rule of thumb. You want to find an allecation for payroll, and you say, well, mark, does that mean i need to take the money out and do a pay check? See, again, taking money out as irrelevant. When we're talking of sol proprietorship in l ss, we think of paying ourselves as doing an on line transfer, if anybody still writes cheques. And so it's not really a bank account thing. That's the way i explain matwood,. how would you do it? Sometimes you and i say it differently, and it clicks for 90 % of the people or so for those few folks out there that, well
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