S corporation election help for U.S. businesses
An S corporation election can change how an eligible business owner is taxed, but it also adds payroll, reasonable-compensation, and separate-return requirements. We compare the projected benefit with those costs before preparing Form 2553.
YOUR SERVICE AT A GLANCE
What's included
- Break-even analysis on your actual numbers
- Form 2553 preparation and filing, with late-election review when applicable
- Reasonable salary determination
- Payroll setup for the owner
- Annual S-Corp return (Form 1120-S)
YOUR SERVICE AT A GLANCE
Who it's for
- Sole proprietors and single-member LLCs with growing profit
- Owners who heard an S-Corp saves money and want the real answer
- Businesses that elected S-Corp but never set up payroll
YOUR SERVICE AT A GLANCE
What we'll need from you
- Last year's return
- Year-to-date profit
- Your EIN and state formation documents
Questions
Before you ask.
The three questions we hear most about this service.
It depends on profit, the salary you need, and the added cost of payroll and a separate return. We run the comparison rather than quoting a rule of thumb.
Related
Often paired with this.
- 04
Payroll
Reliable payroll processing and tax filing support for small businesses across the U.S.
Explore service - 03
Bookkeeping
Clean monthly books you can actually make decisions with.
Explore service - 01
Tax preparation & filing
Federal and state tax preparation with clear review before filing.
Explore service
Looking for ongoing support?
Compare our monthly service plans, with 25% off your first 12 months.
LET’S MAKE ROOM FOR WHAT’S NEXT
Let's talk about s-corp election.
Bring your questions. We’ll bring a clear next step. Twenty minutes, no obligation.
Prefer a call? +1 (786) 688-7861