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🔗 Book an appointment here: https://boxas.com.au/book-meeting/ Need cloud accounting software? Sign up for Xero: https://xero5440.partnerlinks.io/boxas (This is an affiliate link, and I will make a small commission at no extra cost to you.) Welcome to the Deep Dive series, where we explore tax and business strategies in-depth to empower business owners with practical knowledge. In this video, we dive into the 3 main ways that business owners can legally draw money from their company, and all the key considerations for choosing the most tax-efficient method. 📌 Don’t forget to like, subscribe, and hit the notification bell for more in-depth insights into tax and business strategies. CHAPTERS: 00:00 - Intro 02:14 - The Three Main Ways to Draw Money Out 03:03 - Wages 06:21 - Dividends 07:14 - Loans 09:38 - Disadvantages of Using Wages, Dividends and Loans 17:02 - ATO Auditing 22:41 - Case Study 01 37:01 - Key Factors to Consider 41:23 - Case Study 02 48:00 - Case Study 03 55:22 - Case Study 04 57:33 - Outro — Thank you for watching this video. I post videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy the video and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful! — ► Subscribe to my channel here: / daviemach — Davie has over 15 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients. Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses. He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales. — Follow Me: LinkedIn: / davie-mach Instagram: / boxas_syd Facebook: / boxadvisory Website: https://boxas.com.au/ TikTok: / boxadvisory — Disclaimer: This video is for informational purposes only and should not be considered financial or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding investments.