How much can I pay myself from my business?

Type what came in and what went out this month. The calculator sets aside a percentage for taxes and another for a cushion, and tells you how much you can pay yourself without leaving the business short.

You can pay yourself

$0

You keep
$0
For taxes (10 %)
$0
Cushion (10 %)
$0
Save this and check it every monthStart free trial14 days of Pro free, no card. What you typed here carries over to your account.

How it’s worked out

  1. First, what went out is subtracted from what came in: that’s what you keep.
  2. From what you keep, two percentages are set aside: one for taxes and one for a cushion in case a month is slow.
  3. What’s left is what you can pay yourself. If the month broke even or lost money, the calculator says so and doesn’t suggest taking money out.

FAQ

What percentage should I set aside for taxes?

It depends on your country and your situation. Many people start with 10% to 20%. Ask your accountant about your case.

What is the cushion for?

For bad months. Setting aside 10% each month lets you keep paying yourself when sales drop.

What if I have more than one business?

Use the multiple business profit calculator, or ProfitPeek, which does this every month for all your businesses.

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