CPAofFlorida WOW – Tax Gotchas How Can I Take Cash Out Of My Company For Personal Use
This podcast will discuss whether you can take cash out of your company bank account for personal use. It will discuss the different types of entities and how to get it out. It will also discuss taxation of profit in pass through entities. You might be surprised to learn you are taxed when you earn the profit and not when you take the cash out of the business.