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#1
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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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#2
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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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#3
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Stop watching the news programs and get out your calculator or spreadsheets
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#4
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Higher tax ?
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#5
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Quote:
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#6
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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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#7
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payroll tax
He is correct! Employers never had the exemption.
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#8
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Oh I see. Interesting.
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#9
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its just me here guys. no employees
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#10
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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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