{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6031a3582e66d963c6fa1cf9/6068c0415b1ee164aa3e6631?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"008: How Do I Pay Myself from My LLC","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/6031a3582e66d963c6fa1cf9/1617477508558-e9026e73dae30bcf0b664d72767fb341.jpeg?height=200","description":"<p>Are you consistently paying yourself the money you deserve as a business owner? Determining how much to pay yourself and how frequently, can be a daunting task.</p><p>I'm sharing how I've approached paying myself consistently for the last three and a half years! I'm also sharing how I pay myself in slow seasons, plan paid vacations, and give myself bonuses!</p><p>Clocking In with Haylee Gaffin is produced and brought to you by&nbsp;<a href=\"https://gaffincreative.com/podcast-production/\" rel=\"noopener noreferrer\" target=\"_blank\">Gaffin Creative</a>, a podcast production company for creative entrepreneurs. Learn more about our services at&nbsp;<a href=\"https://gaffincreative.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Gaffincreative.com</a>, plus you’ll also find resources, show notes, and more for the Clocking In Podcast.</p><p><br></p><h3>Review the Show Notes</h3><p><strong>Disclaimer</strong> (1:27)</p><p><strong>Choose What Works Best for You to Pay Yourself </strong>(1:41)</p><p><strong>Separate Your Business &amp; Personal Finances </strong>(2:05)</p><p><strong>What We'll Cover in this Episode </strong>(2:36)</p><ol><li>Setting goals in your business</li><li>Budgeting for your own paycheck</li><li>Maintaining a consistent paycheck in both slow and busy seasons</li><li>Paying yourself for taking vacations.</li><li>Rewarding yourself with bonuses.</li></ol><p><strong>Setting Goals in your Business </strong>(2:54)</p><p><strong>Budgeting for Your Own Paycheck </strong>(3:29)</p><p>Determine your business expenses.</p><p>Determine how much you want to make.</p><p><strong>Defining A Yearly Salary</strong> (4:40)</p><p>- How much do I need to pay my bills?</p><p>- How much do I want to save/invest?</p><p>- How much do I want to splurge?</p><p>Then add tax.</p><p><strong>Actually Paying Yourself</strong> (5:52)</p><p><strong>Consistent Paychecks Makes Calculating Taxes Easier </strong>(6:16)</p><p><strong>Don't Touch Extra Income Every&nbsp;Month&nbsp;</strong>(6:44)</p><p><strong>Paying Yourself in Slow Seasons </strong>(7:20)</p><p><strong>Paying Yourself to&nbsp;Take&nbsp;Vacations</strong> (9:56)</p><p><strong>Rewarding Yourself with Bonuses</strong> (11:20)</p><p><strong>Setting a Buffer Amount in Your Business Bank Account </strong>(12:10)</p><p><strong>Women I’m cheering for This Week </strong>(13:41)</p><p><a href=\"https://wallsgroupcpas.com/\" rel=\"noopener noreferrer\" target=\"_blank\">wallsgroupcpas.com</a></p><p><strong>Other Episodes Mentioned in this Episode:</strong></p><p>001: <a href=\"https://gaffincreative.com/001\" rel=\"noopener noreferrer\" target=\"_blank\">gaffincreative.com/001</a></p><p>003: <a href=\"https://gaffincreative.com/003\" rel=\"noopener noreferrer\" target=\"_blank\">gaffincreative.com/003</a></p><p><strong>Links</strong></p><p><a href=\"https://www.instagram.com/hayleegaffin/\" rel=\"noopener noreferrer\" target=\"_blank\">instagram.com/hayleegaffin</a></p><p><a href=\"https://quickbooks.intuit.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Quickbooks Self-Employed</a></p><p><strong>Review the Transcript at </strong><a href=\"https://gaffincreative.com/008\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>gaffincreative.com/008</strong></a></p>","author_name":"Haylee Gaffin, Growth Strategist for Podcast Hosts"}