PDA

View Full Version : how to take care of social security tax



florida2001
10-15-2014, 07:55 PM
Hi,
I hope someone can explain to me how this works.

I created cleaning company Inc. last year and few months ago I added my husband(we got married this year) as co-owner. We want to pay next year jointly. He has stable income(maintainance) that he can put on company name and I have so far one small job that makes 500$month. Besides this I have few investments as my income. We want to start pay social security tax ( to start planning retirement) , what is the best way to do? How to do this? We are both self employed. I know we will need accouter , but I'm trying figure out how the things works here as we both came from foreign country.

Thank you

Freelancier
10-15-2014, 09:31 PM
If you incorporated, you pay yourselves a salary and payroll taxes are paid on that.

And, yes, you should definitely go talk with an accountant and don't let the language issue be what keeps you from getting good accounting advice from a professional in your area.