Get the Most Tax Benefit Possible from an S-Corp

S-Corp could be the most powerful tax tool available. In most cases, an S-Corp is able to save dramatically in taxes.

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Tax Savings Comparison

DATA

BEFORE (Sole Prop)

AFTER (S-Corp)

Net Profits

$100,000

$100,000($50,000 S-Corp Salary)

Social Security Taxes

$12,40012.4%

$6,20012.4%

Medicare Taxes

$2,8002.8%

$1,4002.8%

Total SE Taxes

$15,300

$7,650

Annual SE Tax Savings

$7,650/yr

What We Do For You

✓We can determine if an S-Corp is right for you

✓We can convert you to an S-Corp & build a perfect tax plan

✓We will pay in your taxes through the payroll system & provide guidance on the reasonable salary

✓We will file your 1120S tax returns at the end of the year and make sure you're compliant

LLC vs. S-Corp for Small Business

15.3% Self Employment Taxes

S-Corps are used to mitigate your self employment taxes, which are comprised of your social security and medicare taxes.

How is a Sole Prop Taxed?

Out of the gate, you are taxed as a sole proprietorship, which means you're 100% subject to self employment taxes.

How is an S-Corp Taxed?

S-Corps are different because you get income in two manners: your corporation will pay you a salary, and you'll take distributions as the owner. The payroll is subject to the 15.3% SE tax, while the distribution is not subject to the SE taxes.

Maximizing the S-Corp

You'll need to work to maximize the tax benefits of an S-Corp, while obeying the IRS law and case law. Your business must pay you a "reasonable salary", and we help you determine that.

Discover If an S-Corp Is Right For You

We help business owners determine if an S-Corp is right, and how it impacts your overall tax reduction planning.

We will help you set up the S-Corp, manage it and maximize its tax reduction abilities.

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