Wondering if an S corp saves you tax? We'll run your numbers.
Looking for S corp tax strategies? See if an LLC switch pays on your profit.
Answer four quick questions. Then we tell you to switch, wait, or skip.
We set your wage for the work you do, then we look at the profit that is left.
Your S corp answers are ready. Where should we reach you?
There's more below
What the S corp call covers
- Four questions about the companyWe ask about your setup, your profit, how you pay yourself, and when you want an answer.
- A video call on your numbersBring last year's return if you have it. We look at profit and the wage the work would support.
- Switch, wait, or skipWe tell you which one fits this year, and what payroll setup has to exist before an election.
How we figure what an S corp saves you
What an S corp saves depends on your profit, a reasonable salary for your work, and the cost of payroll and a second return. On the call, we run those with your real numbers and show you the result.
Some owners should wait a year, and some are better off without the election. You'll hear which one fits before we prepare any form. If your banker needs to be on a later call, we'll join it. We can also meet in person when that helps.
Steven Palmieri is a Tax CFO and the Entrepreneur's CFO. The practice is not a CPA firm, we are the Tax CFO alternative, and the practice does not sign audit or assurance reports.
Start the S corp questionsQuestions people ask first
What happens on the call?
We look at this year's profit, how you take money out, and whether a wage plus Form 2553 is worth filing now. You leave with switch, wait, or skip. If paid work follows, we put the price in writing first.
Does the call cost anything?
The call is 30 minutes, and it's free. Nothing is signed. Paid help after that, if you want it, is priced in writing before it starts.
What should I bring?
Nothing is required. Last year's business return and a rough profit figure make the conversation more useful.
Who is on the call?
Steven Palmieri, a Tax CFO and the Entrepreneur's CFO. If you want help after the call, the same practice keeps your books, sets up payroll with the provider you pick, and prepares the company return.