Self Employment Tax in Topeka, Kansas

Find the right Self Employment Tax attorney in Topeka, KS

Self Employment Tax Lawyers in Topeka

In Topeka, Kansas, some taxes are placed on employees, and deducted from their paychecks. Most people are aware of the Medicare and Social Security taxes - which fund those two programs by taking a small percentage of every paycheck an employee receives.

It's extremely important to know that, if you are self-employed, you still have to pay those taxes, and it's also up to you to figure out precisely how much you owe, to ensure that you don't pay more or less than you are obliged to.

Normally, the employer makes all the necessary calculations and deductions from a person's paycheck. If you are self-employed, however, you are required to make this determination, and to ensure that it's accurate.

Self-Employment tax obligations in Topeka, Kansas

If you derive even a small percentage of your income from running your own business, or working as an independent contractor, you have to pay the "self-employment tax." This tax applies to everyone who makes more than per year from self-employment.

For people who are employed by another person or company, the employer typically matches the employee's contributions to Medicare and Social Security. This essentially means that, when you look at your Medicare and Social Security tax statements on your paychecks, you can know that those programs are actually getting double what's shown there - with your employer covering the other half.

But, if you are a self-employed business owner in Topeka, Kansas, you are liable for both the employee and employer contributions to Medicare and Social Security. This basically doubles your self-employment tax rate.

Currently, the self-employment tax rate in the United States is 15.30% of all income earned from self-employment in Topeka, Kansas. However, half of your hypothetical self-employment tax liability can be deducted from your income. This means that you only pay self-employment tax on about 92% of your income, which creates an effective self-employment tax rate of just over 14%.

Can a Topeka, Kansas Tax Attorney Help?

Self-employed individuals in Topeka must ensure that they keep good, accurate financial records. This makes it much easier to determine what you owe, and, if you need a tax attorney, it makes it easier for them to advise you with your legal tax concerns.

Thus, if you have some trouble figuring out what you owe in self-employment taxes, for whatever reason, chances are good that a knowledgeable tax attorney in Topeka, Kansas can advise you with much trouble, and can provide you with good legal and financial advice, which can help you head off much more significant legal and financial issues.

Talk to a Tax Law Attorney now!

Life in Topeka

Topeka is the capital of Kansas, located along the Kansas River in Shawnee County. According to a 2010 census, the population is around 127,473 people. Three United States Navy ships have been named after Topeka, with the name USS Topeka.

What the city is most famous for is the landmark United States Supreme Court case Brown v. Board of Education of Topeka. This case overturned Plessy v. Ferguson and declared that segregation based on race in public schools was unconstitutional.

The city itself is the largest employer, with around 8,400 people working for the city government. The school districts and health care system also employ a significant number of the residents. Many "big name" manufacturers are located in Topeka, such as Goodyear Tire and Rubber Company, Payless Shoe Source, and Frito-Lay.

Some popular attractions include the Kansas Museum of History, Combat Air Museum, the Kansas State Capitol, the Brown v Board of Education National Historic Site, Westboro Neighborhood, and Topeka Zoo.

Kansas is filled with many attorneys practicing is decent sized law firms, catering to inquiries in all practice areas. Overall, Topeka is a great, well-rounded place with just a little bit of everything to enjoy.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN