Self-employed tax is a social security and Medicare tax on persons who work for themselves. Here are some considerations for calculating and paying these taxes:
- Filing a Schedule SE (Form 1040).
- Knowing what the current SE tax rates are.
- Knowing the current Maximum earnings subject to SE taxes.
- Calculating your Self-employment tax.
- Calculating your Self-employment tax deduction for your Form 1040.
- Making Estimated tax payments four times a year.
Let TaxCutters Inc. do these tedious chores for you so you can focus on your business.
Although many CPA firms may not be interested in working with small businesses, we want your business. We have been helping small businesses like yours since 1991.
Please call us at 773-728-1500
We’re here to help you make sure you keep every dollar you deserve.
