Tag: small business owner

cutting your salary for taxes - sterling accounting

Small Business Owner? Can You Save Taxes By Cutting Your Own Salary?

cutting your salary for taxes - sterling accounting Maximize your tax savings, and don’t sweat the headache of the paperwork with the help of Sterling Accounting’s business and personal solutions. “Normally, when you receive a paycheck or earn self-employment income (reported on Schedule C of your 1040), you pay not only income taxes but also Social Security and Medicare taxes, also known as payroll or FICA taxes…” [ Read more here ]