Paying yourself as a business owner can be more complicated than simply moving money from your business account into your personal account. The correct method can depend on how your business is structured, and getting it wrong may create tax, payroll or reporting issues.

In this free SCORE webinar, experts from Block Advisors by H&R Block will explain how owner compensation works for sole proprietors, partnerships, S corporations and C corporations.

Attendees will learn how different compensation methods apply to different business structures, including owner draws, distributions, guaranteed payments, wages and dividends. The session will also cover when payroll may be required and what business owners should understand about reasonable compensation requirements.

The webinar will help participants recognize the potential tax and payroll consequences of taking money from a business and explain why accurate bookkeeping and financial records are important when recording owner payments.

The session features Alison Flores, Director of the Tax Research and Content Strategy teams at the H&R Block Tax Institute, and Brittany J. Benson, a manager with the Tax Institute at H&R Block.

This free, one-hour session is designed to give business owners a clearer understanding of how compensation works across different business structures and what questions they should consider before paying themselves.

The information provided is for general informational purposes and is not intended as legal or situation-specific tax advice.

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