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Expert Form 1120S preparation, reasonable salary optimization, and strategic tax planning for S-Corps nationwide. Save thousands with proper S-Corp tax strategy.
S-Corp taxation offers significant savings but requires careful compliance. We handle the complexities while you focus on growth.
With Big Four expertise and 800+ S-Corps served, we deliver sophisticated tax strategies that maximize your savings while ensuring complete compliance.
See how S-Corp taxation compares to other entity structures
Tax Feature | Sole Prop/LLC | S-Corporation | C-Corporation |
---|---|---|---|
Self-Employment Tax | On 100% of profit | Only on salary | N/A |
Tax Rate | Personal rates | Personal rates | 21% + personal on dividends |
QBI Deduction | ✓ Available | ✓ Available | ✗ Not eligible |
Health Insurance | Self-employed deduction | W-2 wages + deduction | Corporate deduction |
Retirement Plans | SEP/Solo 401(k) | 401(k) with match | 401(k) with match |
Audit Risk | Higher | Lower | Moderate |
Everything your S-Corp needs for tax compliance and optimization
Most businesses save $10,000-$50,000 annually with proper S-Corp election and planning
Example: $150,000 net income = $15,000+ in tax savings per year
Common questions about S-Corp taxation and our services
Generally, when your net business income exceeds $60,000-$80,000 annually, S-Corp election becomes beneficial. The exact threshold depends on your specific situation. We provide a free analysis to determine your optimal timing.
Reasonable salary varies by industry, experience, and duties performed. Generally, it should reflect what you'd pay someone else to do your job. We use IRS-approved methods to determine and document your reasonable salary.
Yes, but it complicates your tax filings. You'll need to file two returns for the year - one as an LLC/sole prop and one as an S-Corp. We typically recommend January 1st elections for simplicity.
Form 2553 must be filed by March 15th to be effective for the current tax year. However, late election relief is available in many cases. We can help with both timely and late elections.
Most states recognize federal S-Corp elections, but some like California, New York, and New Jersey have additional requirements or taxes. We handle multi-state compliance for S-Corps operating nationwide.
Savings typically range from $5,000 to $50,000+ annually, depending on income level. The primary savings come from reduced self-employment tax. Our free analysis calculates your specific savings potential.