An LLC to S-Corp election can change how your business income is taxed. We review your numbers, file the paperwork, and set up payroll so the switch is done right.
Join us and we will look at your numbers together.
If you work in the business, you must pay yourself a reasonable salary. We help you set an amount that fits your role and your industry.
Wages carry payroll taxes. Remaining profit can be taken as distributions, which are not subject to self-employment tax. We track both so your books stay clean.
S-Corps file Form 1120-S, which is due March 15 for most calendar-year companies. We keep your records current so filing is not a scramble.
We study your profit, owner pay, and ownership details. You get a straight answer on whether the election makes sense.
We prepare Form 2553 and submit it before the deadline. Payroll for your owner wages is set up at the same time.
We keep your books, payroll, and distributions in order. Your yearly return is ready when it is due.
Form 2553 is due no later than two months and 15 days after the start of the tax year the election should take effect. For a calendar-year business, that date is March 15. You may also file at any point during the prior tax year.
The IRS may grant late election relief under Rev. Proc. 2013-30. You generally must request it within three years and 75 days of the intended effective date, and you must show reasonable cause. We review your case and prepare the filing.
Yes, if you perform services for the business. The IRS expects owners to receive reasonable pay before taking distributions. We help you set a figure you can support.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.