Im also using the QB Self Employed and am a sole trader with no employees.

If I mark my payments to myself as an Owner Withdrawal, it is excluded from allowable/disallowable expenses and is taxed as a profit.

If I mark my payments to myself as wages & staff costs, it is shown as an allowable expense and reduces my tax liability.

Clearly, I love the second scenario and feel very attached to it. Question is, is it to good to be true?