Now you can bring Zynga’s Draw Something app home to play with 3 to 4 players. It’s the game that’s hilarious to play no matter how well you draw! One person takes center stage to draw the word while all the other players shout out their guesses.

Definition: A profile picture is the image that represents a social media account in all its interactions across a platform. Profile pictures create a visual association for social media users, making it important for businesses to select the right image.

Select “Options” from the horizontal menu and click “Make Profile Picture” to make the picture your default profile picture.

Insider tricks from a Draw Something addict

1. Use a stylus. The cramped screen of your phone–even those 4-inchers–hardly allows you to draw details required to help your partner guess the word you’re drawing.
2. Kill the app to get more words.
3. Be strategic with your color choices.
4. Use arrows, but never write words.

Draw It pits you against four strangers in a drawing battle. All players are offered two words in each round. You’ll need to sharpen your drawing skills for this because you’ll need to draw your word on your phone screen. Once guessed correctly, you move to the next round with two more words.

A draw is not a salary, but rather regular payouts instead of periodic ones. For example, an employee receives a draw of $600 per week, and you give out the remaining commissions at the end of every month. When you give the employee their draw, subtract it from their total commissions.

Draw against commission allows the employee to receive a regular paycheck based on their future commissions. The employee’s commission at the end of the agreed-upon period then goes toward paying back the draw. When the draw from that pay period is paid off, then usually the employee keeps their remaining commission.

The IRS considers any payments you make to yourself a draw (and on the flipside, it considers any profits your business makes to be your personal income). The good news is you won’t immediately have to pay tax on your draws. The bad news is these draws won’t reduce your taxable income like a salary would.

An owner’s draw typically doesn’t affect how you’re taxed on business profits. Whether the cash is in your personal or business account, you’re still taxed on your share of business profits. An owner’s draw is subject to federal, state, and local income taxes. You also pay self-employment taxes on an owner’s draw.

What is the most tax efficient way to pay myself?

• Multiple directors or companies with more than one employee.
• Sole directors with no other employees.
• Expenses.
• Tax reliefs.
• Directors’ loans.
• Pensions.
• Employment Allowance.

With owner’s draw, you have to pay income tax on all your profits for the year regardless of the amount you actually draw. The Internal Revenue Service (IRS) also requires that you pay your own self-employment taxes, Social Security and Medicare taxes, and estimated taxes as well.

Consider the legal structure of your business For example, if you’re a sole proprietor you’re usually free to pay yourself whatever and whenever you like. That’s partly because you’re not accountable to shareholders or stockholders.

Withdraw the money from your business account and deposit it in your personal account. Keep these two separate. If you’re on the draw method, stick to relatively equal payments at regular intervals. Record your payments with payroll software (we recommend Gusto).

While it may depend on your specific circumstances, in general, a default LLC tax structure is better than an S corp for holding rental properties. This is because rental income is typically considered passive income, which means it’s not subject to self-employment tax.

Sole proprietorship vs S Corp Specifically, S Corps can pay out a portion of the owners’ income as salary. The S Corp advantage is that you only pay FICA payroll tax on your employment wages. The remaining profits from your S Corp are not subject to self-employment tax or FICA payroll taxes.

LLC owners must pay self-employment taxes for all income. S-corp owners may pay less on this tax, provided they pay themselves a “reasonable salary.” LLCs can have an unlimited number of members, while S-corps are limited to 100 shareholders.

Disadvantages of an LLC

• Cost. Compared to a sole proprietorship or partnership, an LLC is a little more expensive to operate.
• Taxes. A limited liability company owner may have to pay unemployment compensation for him or herself, which he or she would not have to pay as a sole proprietor.
• Banking.
• Separate records.

An LLC can help you avoid double taxation unless you structure the entity as a corporation for tax purposes. Business expenses. LLC members may take tax deductions for legitimate business expenses, including the cost of forming the LLC, on their personal returns.

The following are some of the most common LLC tax deductions across industries:

1. Rental expense. LLCs can deduct the amount paid to rent their offices or retail spaces.
2. Charitable giving.
3. Insurance.
4. Tangible property.
5. Professional expenses.
6. Meals and entertainment.
7. Independent contractors.
8. Cost of goods sold.