The ABCs of Business Tax: Understanding How Your Entity is Taxed and How to Pay Yourself
Send us a text You might think that your business is a low-profit business. But is it? In this episode, Mike Jesowshek discusses vital financial concepts for small business owners, focusing on how businesses are taxed and the importance of understanding profit. He explains that profit is calculated as sales minus expenses and highlights the differences between pass-through entities and C corporations regarding tax implications. The episode also covers owner compensation methods, including ow...