Whether youre self-employed or an employee, youll have to pay - TopicsExpress



          

Whether youre self-employed or an employee, youll have to pay Social Security and Medicare taxes to the government. When you work for someone else, youre only responsible for part of these taxes, while your employer pays the balance. However, if youre self-employed, you have to pay both portions of this tax. If you organize your business as an S-corporation, you can classify some of your income as salary and some as a distribution. Check out our #SmallBusinesstaxtip for more information.
Posted on: Thu, 24 Jul 2014 18:13:04 +0000

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