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How to Pay Yourself Using the Augusta Rule App
Tired of confusing paperwork just to pay yourself through your business? We get it.
The Augusta Rule gives you a way to generate up to 14 days of tax-free income each year by renting your home to your business. But in the past, that meant invoices, checks, carbon copies? (yes, still a thing), and lots of back and forth.
Now? A few steps in The Augusta Rule™ app done by a team member, not you… handles it all.
- Auto-generated invoices
- Pre-filled rental details
- Direct to your bookkeeper (or yourself)
- Fully IRS-compliant
It’s simple, smart, and totally audit-ready. Saving you time and money.
Video Transcript:
0:00
So, you have to actually pay yourself
0:02
from your business. That sounds like one
0:03
more annoying, complicated step. It used
0:06
to be because you’d have to pull out
0:08
your carbon copy thing and like fill out
0:10
an invoice, you know, write in all your
0:12
information and then you had to go to
0:14
your checkbook and write that out and
0:16
then make sure you’re writing your
0:17
business on this one and your personal
0:19
on this one. Wait, no, personal then
0:20
business. Totally confusing. But now you
0:23
simply go into the app, you enter in the
0:26
date, the event, click, and then the app
0:30
does everything. It automatically
0:31
generates an invoice. It automatically
0:33
populates all the fields. It sends it to
0:36
the email of your business, which could
0:38
be your own email if you’re doing your
0:39
own books still. Most likely, if you’re
0:42
taking advantage of the Augusta rule,
0:43
you actually have staff. You have a
0:44
bookkeeper. Sends it straight to the
0:46
bookkeeper. The bookkeeper simply
0:47
follows instructions, cuts a check from
0:50
your business to you personally. You get
0:53
the check, you can say, “Here you go,
0:55
bookkeeper again.” And they can deposit
0:56
it for you. Basically, it takes care of
0:58
everything for you. If you have any
0:59
infrastructure in place whatsoever for
1:01
bookkeeping and processing checks, it is
1:04
entirely automatic from that point on
1:06
with theaugustarule.com.
more annoying, complicated step. It used
0:06
to be because you’d have to pull out
0:08
your carbon copy thing and like fill out
0:10
an invoice, you know, write in all your
0:12
information and then you had to go to
0:14
your checkbook and write that out and
0:16
then make sure you’re writing your
0:17
business on this one and your personal
0:19
on this one. Wait, no, personal then
0:20
business. Totally confusing. But now you
0:23
simply go into the app, you enter in the
0:26
date, the event, click, and then the app
0:30
does everything. It automatically
0:31
generates an invoice. It automatically
0:33
populates all the fields. It sends it to
0:36
the email of your business, which could
0:38
be your own email if you’re doing your
0:39
own books still. Most likely, if you’re
0:42
taking advantage of the Augusta rule,
0:43
you actually have staff. You have a
0:44
bookkeeper. Sends it straight to the
0:46
bookkeeper. The bookkeeper simply
0:47
follows instructions, cuts a check from
0:50
your business to you personally. You get
0:53
the check, you can say, “Here you go,
0:55
bookkeeper again.” And they can deposit
0:56
it for you. Basically, it takes care of
0:58
everything for you. If you have any
0:59
infrastructure in place whatsoever for
1:01
bookkeeping and processing checks, it is
1:04
entirely automatic from that point on
1:06
with theaugustarule.com.
