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blackwidowprints
February 8, 2022
Question

How to add myself as an employee for payroll purposes (llc)

  • February 8, 2022
  • 1 reply
  • 0 views
We are a husband and wife run business and would like to add ourselves to our payroll to start paying ourselves, should we take the standard steps given in the setting-up payroll section or is their another way to go about this?

1 reply

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GlinetteC
February 8, 2022

Good day, blackwidowprints.

 

Paying yourself depends on the type of business structure you elect. QuickBooks offers two ways of compensating for yourself. It's either salary or an owner's draw. You can check this article to determine which is the right choice for you and your business: Salary vs. owner's draw: How to pay yourself as a business owner.

 

I also recommend reaching out to your accountant. They can provide you with the right information in paying yourself. 

 

Furthermore, you can read this link for additional reference: Set up and pay an owner's draw.

 

Keep me posted should you need further assistance. I'm always here available to help. Have a good one.

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