S corporations (S corps) are unique business entities that are allowed by the IRS to pass taxable income directly to shareholders, a concept called pass-through taxation. This helps small businesses avoid double taxation on business profits and reduce their self-employment tax liability.
While substantial annual tax savings are possible, there are also initial and ongoing costs to properly setup, equip the business owner, and administer the corporation.
We've developed the calculator below for you to self-assess and count the cost. Simply enter your estimated annual profit and the rest of the fields will auto-populate.
Interested? We've helped dozens of small business owners reduce their tax burden with this opportunity. Download this document to learn more about S corps or contact us if you are ready to get started.