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Hi Greg Vojtanek here of Fade In Financial. Often screenwriters and directors, who have their own Loan-out companies, have a lot of questions surrounding payroll. First of all, I'm not a tax or payroll expert so please seek out one of those professionals before making decisions.

That is my first piece of advice: find someone who does bookkeeping and payroll services. They are often a two-in-one combo. You'll see a lot of those offices out there.

Another piece of advice is pay yourself on a consistent basis. Whether that’s monthly or quarterly, those are my two recommendations. Pay yourself a paycheck every single month or every three months.

The other piece of advice is: the amount you pay yourself doesn't have to be the same each time. It can vary, especially in your line of work where you're not sure where the next job is going to come from and your income fluctuates. Therefore, you can reflect that in the amount that you pay yourself on a monthly or quarterly basis.

Now don't forget you have to set money aside from whatever it is that your company is getting paid for taxes. Set that money aside and the leftover money that's in there is either for business expenses and to pay yourself.

You can pay yourself a consistent basis throughout the year if you want. Then, let’s say that you made more than you expected, and there's more money in that business account come December, you can simply pay yourself a much larger amount for that final payroll at the end of the year.

Again, please seek accounting and tax professionals to help you through this process. But I do hope you found this helpful.