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Do I pay employer taxes and self-employment taxes?

This may sound like a silly question, but I am new to starting a business and this is rather confusing to me. As a business owner with employees, I pay half of the FICA taxes in addition to FUTA, do I have to pay an additional 15.3% for self-employment tax? Or does the half I'm paying from my employees already count as that and are my only personal tax obligations income tax? 

Sorry if this is confusing, any clarification is appreciated. Thank you.

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Best answer 09-09-2019

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Super Contributor *

Self-employment taxes are  for a company that doesn’t hav...

Self-employment taxes are  for a company that doesn’t have a Payroll.  If you’re paying payroll taxes, then you will not have self-employment tax on your tax return unless you have another business that’s a sole proprietorship and doesn’t have payroll tax.


 Here’s a great article from the IRS that explains it all:   https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

2 Comments
Super Contributor *

Self-employment taxes are  for a company that doesn’t hav...

Self-employment taxes are  for a company that doesn’t have a Payroll.  If you’re paying payroll taxes, then you will not have self-employment tax on your tax return unless you have another business that’s a sole proprietorship and doesn’t have payroll tax.


 Here’s a great article from the IRS that explains it all:   https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

Super Contributor *

Self-employment taxes are  for a company that doesn’t hav...

Self-employment taxes are  for a company that doesn’t have a Payroll.  If you’re paying payroll taxes, then you will not have self-employment tax on your tax return unless you have another business that’s a sole proprietorship and doesn’t have payroll tax.

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