Wages Vs. Drawings | What Is The Difference? What Should I Do? | nextAdvisory.nz

Wages Vs Drawings?

Wages Vs Drawings?

Wages Vs Drawings?

A question we receive on a reasonably regular basis from business owners inquiring with us about the difference.

There is no right or wrong answer as it depends on what works best to the individual business owner.

Wages & drawings are two ways to take money from the business and it is important to understand the tax obligations under each method.

In the above video we explain the difference between wages and drawings.

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