85. Owner Distributions & What All Business Owners Must Know About Them!

What Your CPA Wants You to Know

10/23/24 • 14 min

Send us a text

Confused about transferring money from your business to personal accounts? Whether you run a partnership, S-corp, sole proprietorship, or partnership, we'll guide you through owner distributions and explain why these transfers aren't classified as expenses.
This episode is a must-listen for business owners confused on how to account for owner distributions and how they work! Tune in and empower yourself with the knowledge to tackle owner distributions head-on.

Create a STAN Store - Click here to try it out!
Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!
Shop our business guides!
Our Instagram Page
Our family page

10/23/24 • 14 min

What Your CPA Wants You to Know - 85. Owner Distributions & What All Business Owners Must Know About Them!

Transcript

Speaker 100:00:00.281

all of a sudden , if you took $100,000 distribution , I'm going to be telling you that you have $100,000 more in profit than you thought you did .

Speaker 200:00:08.426

And you might be a little angry with me , but Because it's adding it as an expense and it is not an expense when you take money out of your business .

Speaker 100:00:

Generate a badge

Get a badge for your website that links back to this episode

Select type & size

Copy