How to Pay Yourself as a Business Owner- Consistent Paychecks, Tax Tips & Profit First: Episode 18

Title:
How to Pay Yourself as a Business Owner- Consistent Paychecks, Tax Tips & Profit First Explained: Episode 18

Description:
Are you a business owner struggling with inconsistent paychecks? In this episode, Steven Young from Savvy or Surrender Podcast breaks down exactly how to pay yourself—no matter your business structure (Sole Proprietor, LLC, Partnership, S Corp, or C Corp). Learn the difference between draws, salaries, and distributions, how to set up your accounts for predictable income, and how to use the Profit First method to ensure you get paid—every month. Plus, get actionable tax tips to keep more of what you earn and avoid common mistakes that cost business owners thousands.

Whether you’re just starting out or looking to optimize your pay structure, this episode is packed with practical advice to help you become a Savvy CEO and never surrender to the challenges of entrepreneurship.

Timestamps:
00:00 – Why Your Paycheck Feels Optional
00:31 – Meet Steven Young & The Savvy Podcast
01:37 – How Business Structure Affects Your Pay
03:23 – Sole Proprietor & LLC: Draws Explained
05:26 – The Importance of Separate Business Accounts
07:03 – How Taxes Work on Business Income
09:02 – Estimated Tax Payments & Key Dates
12:15 – Paying Yourself Like Payroll (Even Without W2)
14:00 – Partnerships & Guaranteed Payments
16:36 – S Corps: Salary vs. Distributions
19:28 – What’s a “Reasonable Salary” for S Corps?
23:11 – Why Owner Pay is Often Inconsistent
26:06 – The Profit First Method for Consistent Pay
29:15 – Setting Up Owner’s Pay & Buffer Accounts
32:10 – S Corp Tax Tips & Avoiding Common Mistakes
35:10 – How to Build a Pay Buffer for Slow Months
38:00 – Q&A, Resources, and Final Thoughts

#BusinessOwner #Entrepreneur #ProfitFirst #SmallBusiness #TaxTips #SoleProprietor #LLC #SCorp #BusinessFinance #SavvyCEO

Keywords:
how to pay yourself as a business owner, business owner salary, profit first method, owner’s draw vs salary, S corp salary, LLC pay structure, business tax tips, consistent paycheck, small business finance, Steven Young, Savvy Podcast, business owner mistakes, how to set up business accounts, estimated tax payments, guaranteed payments, owner distributions, business structure pay, entrepreneur pay, business owner financial advice


SEO Tips:
Include “how to pay yourself as a business owner” and “Profit First method” in your video tags and spoken intro.
Add links to your website and resources mentioned (e.g., Savvy Tax Strategies Playbook).
Encourage viewers to like, subscribe, and comment with their questions about business finances.

Resources:
Schedule a discovery call: https://meetwithsavvy.com
Get the Tax Savings Playbook: https://savvytaxstrategies.co

Don’t forget to like, subscribe, and leave a review if you found this episode helpful!