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In this video, Hector Garcia, a CPA and QuickBooks consultant, discusses the options for paying yourself as a small business owner. He explains the difference between a draw and a payroll salary and shares his personal recommendations. It's important to carefully consider how you take money out of your business. Be sure to consult with accounting, tax, and legal advisors to make the right decisions for your business. Garcia has a YouTube channel with a lot of videos on QuickBooks, accounting, tax, and other small business topics.
