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Old 02-05-2013, 11:54 PM
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, 06:54 AM
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wbw wbw 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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Old 02-06-2013, 08:24 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, 10:03 AM
Stillwater Stillwater is offline
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Higher tax ?
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Old 02-06-2013, 11:14 AM
205mx 205mx is offline
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Quote:
Originally Posted by wbw View Post
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, 11:27 AM
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, 11:40 AM
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, 11:43 AM
205mx 205mx is offline
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Oh I see. Interesting.
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Old 02-06-2013, 01:21 PM
lawnsaspire lawnsaspire is offline
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Oh I see. Interesting.
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its just me here guys. no employees
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Old 02-06-2013, 01:40 PM
Alluring Lawns Alluring Lawns is offline
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He is probably talking about the 2 percent increase in the self-employment tax in 2013 ( from 13.3 to 15.3). So yes it is a valid question.
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