Self Employed Tax Question and LLC NJ

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Topic Author
fstbiker
Posts: 1
Joined: Thu Jun 09, 2022 9:46 am

Self Employed Tax Question and LLC NJ

Post by fstbiker »

Hello,
Im going to be working as self employed? I have some questions since this is all new to me. Thank you in advance
1. Should I set up an LLC or stay self employed?
2. Should I set up an S-Corp, is that the same as an LLC or it gets added to the LLC?
3. How do I pay taxes, and what taxes come out of my pay check I pay myself?
4. What type of things can I claim during tax filings?

Any other info or guidance would be greatly appreciated. I will be the sole employee, and doing office management.
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