Social Security basics for the Self Employed
Owning your own business is, after all, the quintessential American dream. And while establishing and managing your business into a successful venture are paramount, there are also certain responsibilities you’re obligated to fulfill when it comes to paying your taxes. Not small among these is your requirement to pay both the employee and employer portion of Social Security FICA tax, the base tax contribution which ensures your future benefits. In this article from the Social Security Administration, Mike Korbey – deputy director for communications – explains about Social Security and Self Employment. Click here to read more.