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Q: What is the most tax efficient way for a one man business to take a salary from his business?
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CPA salary vs BA in accounting salary?

Most states require that you have a bacholers in Business Administration to even take the CPA exams your basicly moving from an entry level of $30K to $47K. Also it would be stupid to have your BA and not take the CPA exam. Why go 95% of the way and not finish off with the most important part?


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As a business owner, you may be paid a salary, or you might take a draw as an owner. How you receive money from the business depends on the type of business. If you are an owner of a sole proprietor business, you can take a draw from the business for personal expenses. This draw is not a deductible business expense; it's just money you take from profits (assuming there are profits!) to pay personal bills. When you take a draw, you should write a check to yourself from the business checking account and deposit it in your personal checking account.


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