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Old 02-06-2013, 12:54 AM
lawnsaspire lawnsaspire is offline
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increasing prices to cover 2% payroll tax increase?

Anyone increasing prices to cover the higher tax rate for self employment, aka payroll tax for this year? Just wondering if as I'm trying to figure how much to increase to cover yet another challenging tax situation.
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Old 02-06-2013, 07:54 AM
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wbw wbw is online now
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You are kidding right? What percentage of your companies gross is your salary? Lets be generous and say 25%. Now your expenses just went up 1/4 of a percent and you are going to have an increase to address that issue.
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Old 02-06-2013, 12:14 PM
205mx 205mx is offline
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You are kidding right? What percentage of your companies gross is your salary? Lets be generous and say 25%. Now your expenses just went up 1/4 of a percent and you are going to have an increase to address that issue.
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Could easily be another 1-3k depending on the number of employees
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Old 02-06-2013, 12:27 PM
britsteroni britsteroni is offline
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Could easily be another 1-3k depending on the number of employees
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The number of employees has nothing to do with it. The 2% increase doesn't effect the business owner except for for his/her own salary. Remember that the payroll tax savings was on the employee side, not the employeer side of the social security tax.
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Old 02-06-2013, 12:40 PM
keithslawnc keithslawnc is offline
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payroll tax

Quote:
Originally Posted by britsteroni View Post
The number of employees has nothing to do with it. The 2% increase doesn't effect the business owner except for for his/her own salary. Remember that the payroll tax savings was on the employee side, not the employeer side of the social security tax.
He is correct! Employers never had the exemption.
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Old 02-06-2013, 03:12 PM
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wbw wbw is online now
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Could easily be another 1-3k depending on the number of employees
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It is only on the owner. You already pay it on employees. Only the employee portion is going back up to it's original rate.
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Old 02-06-2013, 04:25 PM
205mx 205mx is offline
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It is only on the owner. You already pay it on employees. Only the employee portion is going back up to it's original rate.

Anybody else want to say the same thing again? Sh!t
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Old 02-06-2013, 08:44 PM
jsf343 jsf343 is offline
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wow!!! calm down, I know paying more taxes is a downer but we should be use to it by now...wait until next year when the full force of Obummer care goes into effect.
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Old 02-06-2013, 09:24 AM
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Efficiency Efficiency is offline
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Stop watching the news programs and get out your calculator or spreadsheets
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Old 02-06-2013, 11:03 AM
Stillwater Stillwater is offline
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Higher tax ?
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