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OSYB Blog: Number Crunch!

News and Views from OutSource Your Books, LLC

Self-employed and FICA Taxes

November 28, 2019 by OSYB Staff

Federal Insurance Contributions Act (FICA) taxes are are collected to fund Social Security taxes and Medicare tax. Company’s manage their employees’ FICA tax payments and the process of FICA payments are more complicated for the self-employed. Both social security and medicare taxes have specific regulations and company’s hire experts who will ensure that company’s are […]