self employment tax
self employment tax
(OP)
hello, i just started a consulting business as a sole proprietor and need some advise on keeping current with SE tax. i have heard that you have to pay SE tax quarterly but it seems all the forms on IRS website are for annual returns. can anyone shed some light on this for me?





RE: self employment tax
Don Phillips
http://worthingtonengineering.com
RE: self employment tax
I pay mine (SE + SS) quarterly, my CPA just rolls it into my quarterly payment calcs. You pay around 15%+ for SE & SS tax, you will get a credit on your year end return for 1/2 of the SE tax.
Would suggest getting a good CPA to handle it for you.
Greg Lamberson, BS, MBA
Consultant - Upstream Energy
Website: www.oil-gas-consulting.com
RE: self employment tax
Dan - Owner

http://www.Hi-TecDesigns.com