We have a little system worked out.
Ill go into detail on this
We take the total net income at the end of each month, deduct our monthly expenses, turn 20% into company profit, take 5% and put it into profit sharing (every quarter of the year we divide the extra 5% made each month among the people that work with us as a little bonus) then the remaining 75% of the profit is turned over to employee payroll.
For all you legit businesses get ready for those damn W2 tax forms!!! I hate them