What are Withdrawals by Owner?

A Withdrawal by Owner, sometimes referred to as a distribution, is the transfer of money from a business to the business owner. This type of distribution is non-taxable in a sole proprietorship or partnership, but would be categorized as a dividend in Corporation.

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Tax positions for businesses and individuals

R&D tax credits

Fuel your venture's growth and innovation with the R&D tax credits. Not just for tech firms or big corporations.

Augusta rule

Rent out your home tax-free for up to 14 days per year. Save even more if you rent to your business.

Depreciation

Put your fixed assets to work for you by utilizing depreciation to find and compare tax savings in minutes.

Home office

Turn your workspace into a tax-saving opportunity. Saving as much as you can? Probably not.

Instead is evolving. 
New tax positions are in the kitchen. Stay tuned.