So I have Quickbooks and thought it was time to see how I could use the money I’ve made for personal expenses. To my dismay, I learned that I have to pay for a payroll service. I do this job as a part time gig. I don’t bring enough money in monthly to justify paying a monthly fee to just so I can take some cash out to spend. Are there any other alternatives to paying myself? Thanks.
Are you an llc? As a sole prop, I pull cash at the atm. Sue me.
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Nope. Just do an owner’s draw and write yourself a check. But make sure you have enough saved for taxes.
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^^^ What he said. ^^^. You can pull cash out of your business all you want. Just make sure you account for it so the man can get his cut.