An S-Corp Can Save You THOUSANDS in Taxes Every Year

How? Find out below.

Book An S-Corp Analysis

Potentially Save Thousands a Year

We Help 1099 Professionals and Self-Employed Businesses with
S-Corp Election

S-Corps can often lead to incredible tax savings for small businesses.  Tired of paying too much in self-employment tax?  An S-Corp election may be what you’re looking for.

Let Us Do the Leg Work

An S-Corp is not something you can file at your State's Licensing Board, you need to apply for S-Corp election through the IRS. We know how to do that.

Determine A Reasonable Salary

The choices you make must abide by the IRS rulings on reasonable salaries, documentation requirements & 1120S tax returns.

Single/Multi Member LLC vs. S-Corp

An S-Corp election is not a separate business entity, it can be utilized by Single-Member LLCs, Multi-Member LLCs, and C Corporations.

Begin With A Free Analysis

By analyzing your returns, bookkeeping, payroll, we can discover whether or not your business would benefit from an S-Corp election. In general, any business making over $40,000/year after expenses would likely benefit.

S-Corp Taxes

Owners will be paid a reasonable salary from their corporation, and then can take owners distributions. Below is not an exact scenario, but paints an accurate picture of the advantage of an S-Corp.

Data

Taxable Income Before Owner Compensation

Self-Employment Taxes (Social Security + Medicare)

K-1 Income

Total Self Employment Taxes Due

Annual Self Employment Tax Savings

Partnership

$100,000

$15,300 15.3%

None

$15,300
$0

S-Corporation

$100,000
($40,000 S-Corp Salary)

$6,120
$40k*15.3%

$60,000 K-1
$0.00 in Tax

$6,120
$9,180

Piqued your interest??

Contact us today to see if an S-Corp is the right fit for you and your business.

Book A Free S-Corp Analysis

Should You become an S-Corp?

Does An S-Corp Make Sense For You?

We’ll dive into your books, tax return, goals & your profession to understand whether or not an S-Corp is right for you. You’ll want to consider converting to an S-Corp if the tax savings, asset protection, and other benefits outweigh the cost of compliance.

Additional Requirements After S-Corp Conversion:

1120S Tax Return

Corporate Documents

Establish a reasonable salary in the eyes of the IRS

Election to S-Corp Using Form 2553

Discover if an S-Corp fits your financial goals

Consider Investment Goals