☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 7:06:00 AM

I run a small business with no employees, LLC, and I'm wondering if it's worth setting up myself as an employee and pay the payroll taxes so I can get the benefit of the

I Run a small business, LLC, is it's worth setting me up as an employee with salary and paying the payroll taxes so that I can get the 401(k) individual deduction?

0 1 1012
1 Replies
New Member
Jun 6, 2019 7:06:02 AM

Probably not, because you can receive comparable retirement benefits being a sole proprietor as you would as an employee, click here for more information.