Dividends vs salary for business owners? #businessowners

When you’re a business owner, how you pay yourself really matters.

Most people use a mix of salary and dividends. A salary gives you steady income, helps with budgeting, and ensures you’re still contributing to superannuation and covered for things like workers’ comp.

Dividends can then be a smart way to draw additional income, especially with franking credits that may help at tax time.

In most cases, doing both makes sense but it’s something to confirm with your accountant or financial adviser to make sure it suits your structure.

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