Aiden Durham answers: What’s the right way to pay yourself?

July 30, 2018
5 minutes read

One of the questions we get asked most by small business owners is how to properly pay yourself when you’re self-employed. It’s one of those things that a lot of people find tricky, and the best advice depends on the type of business you’re running.

We asked Denver-based attorney and social media influencer Aiden Durham of 180 Law Co. to share her advice on this question. Check out her easy-to-follow video to finally understand the best way to pay yourself.

Try Wave’s affordable, easy-to-use payroll service to pay yourself, calculate taxes, benefits, and more.

Subscribe to 180 Law Co.’s YouTube channel for more practical—and entertaining!—advice on the legal side of running your business.

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Digitally capture unlimited receipts
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Payroll
additional fee
additional fee
Hire a bookkeeper
additional fee
additional fee
Option to accept online payments
Starting at
2.9% + $0.60
per credit card transaction
Starting at
2.9% + $0*
per credit card transaction
for first 10 transactions/mo
Unlimited invoices, estimates, bills
Add your logo and brand colors
Automate late payment reminders
with online payments
Wave mobile app
Unlimited bookkeeping records
Dashboard and reports
Auto-import transactions
Auto-merge transactions
Auto-categorize transactions
Add users
Live-person chat and email support
with any paid add-on
Digitally capture unlimited receipts
additional fee
Payroll
additional fee
additional fee
Hire a bookkeeper
additional fee
additional fee

*While subscribed to Wave’s Pro Plan, get 2.9% + $0 (Visa, Mastercard, Discover) and 3.4% + $0 (Amex) per transaction for unlimited transactions during the offer period. After the offer ends: over 10 transactions per month at 2.9% + $0.60 (Visa, Mastercard, Discover) and 3.4% + $0.60 (Amex) per transaction. Discover processing is only available to US customers. See full terms and conditions.

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By Kristin Knapp
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The information and tips shared on this blog are meant to be used as learning and personal development tools as you launch, run and grow your business. While a good place to start, these articles should not take the place of personalized advice from professionals. As our lawyers would say: “All content on Wave’s blog is intended for informational purposes only. It should not be considered legal or financial advice.” Additionally, Wave is the legal copyright holder of all materials on the blog, and others cannot re-use or publish it without our written consent.

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