Form 2553 · Reasonable compensation · 1120-S
S-Corp election
Once profit passes a certain point, paying yourself a salary and taking the rest as distributions can save thousands a year. We'll tell you if you're there, and run the election if you are.
What's included
- Break-even analysis on your actual numbers
- Form 2553 preparation and filing, including late elections
- Reasonable salary determination
- Payroll setup for the owner
- Annual S-Corp return (Form 1120-S)
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
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.
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Free consultation
Let's talk about s-corp election.
Twenty minutes, no obligation. Bring your questions, your last return, or nothing at all.
Or call +1 (786) 688-7861