Small Business Owners and Social Security
Small Business Owners and Social Security

Bill Roach is a CPA skilled in Cash Flow, Business Planning, Analytical Skills, GAAP, and Team Building.

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You and your spouse own a small business. Self employment taxes are due  on the earnings. The social security number entered on Schedule SE determines who gets credit on their social security account for those self employment  taxes. Thus all the taxes could be credited to either owner or split between the two.

Splitting the tax between the two of you may not be the best option in the long run. In fact, giving all the taxes to one owner my result in higher social security checks for both of you. 

Let me help determine the best option to maximize  your future earnings.

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