Not for the owner. I am pretty sure you wouldn’t qualify for the credits by hiring yourself. LOL. However an LLC may or may not be a good entity for you. For example if your spouse has 0 involvement in the business an LLC would work. You’d want to file a return as a partnership which would exclude 50% of profit from Social Security tax. BTW Social Security tax is often referred to as Self-Employment tax don’t mean to confuse things, like someone could talk about taxes and not be confusing. However a partnership entity would not work for a Medical Expense Reimbursement Plan. The right entity is critical.
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