When to Pay the Self-Employment Tax
If you plan to start a small business and pay yourself, you'll need to know a thing or two about the taxes you owe. One special tax that trips up a lot of small business owners is the self-employment tax, which is also known as the SE or SECA tax (which stands for Self-Employment Contributions Act tax.) This is essentially the same as the FICA tax that is paid by employers and employees for Social Security and Medicare.
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