Deadlines
  • UAESep 30: Corporate tax return and payment due for calendar-year taxpayers
  • IndiaSep 30: DIR-3 KYC filing due for company directors
  • IndiaSep 30: Tax audit report (Form 3CA/3CB-3CD) due
  • IndiaOct 7: TDS/TCS deposit due for the previous month
  • IndiaOct 11: GSTR-1 filing due for monthly GST filers
  • USOct 15: Extended Form 1120 and Form 5472 returns due
  • IndiaOct 20: GSTR-3B and GST payment due for monthly filers
  • AustraliaOct 28: Quarterly BAS lodgement and payment due
  • IndiaOct 30: LLP statement of account and solvency (Form 8) due
  • AustraliaOct 31: Individual tax return due for self-lodgers
  • UKOct 31: Paper Self Assessment return due
  • IndiaOct 31: Income tax return due for companies and audit cases
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business

How to Pay Yourself from Your LLC

By BookMyLLC ExpertMarch 18, 20265 min read
How to Pay Yourself from Your LLC

How to Pay Yourself from Your LLC

As an LLC owner, you have several options for paying yourself. The right choice depends on your LLC's tax structure and cash flow.

Owner's Draw (Default LLC)

Simply transfer money from your business account to your personal account. No payroll taxes, but you'll pay self-employment tax on all profits at tax time.

Salary (S-Corp Election)

If your LLC elects S-Corp status, you can pay yourself a reasonable salary. This can reduce self-employment tax on profits above your salary.

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