OpeA1
Expert Alumni

Self employed

Regarding paying your spouse, here is the IRS guide https://www.irs.gov/businesses/small-businesses-self-employed/businesses-with-employees 

 

Here is the best help with retirement saving : https://turbotax.intuit.com/tax-tips/retirement/boost-your-retirement-savings/L3lryQHVz 

Please scroll down to "Your own boss," to see the rest of the article. 

"If you are self-employed, you can stash even more into a tax-deferred retirement account because you contribute as both an employee and an employer.

With a solo 401(k) plan, available only to self-employed business owners with no employees (other than a spouse), you can contribute:"

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