Main Service Contents

  • S-Corp Election
  • Corporate Tax Return “S” version
  • Pass-Through Income includes 2 Tax Returns (Corporate and Individual)
  • Manage Payroll Compensation and Distributions to reduce Tax
Bsiness. S Corporation  

Avoid Double Taxation
Business Income is taxed at the Corporate level and at the Individual level before being paid to the individual owners and/or shareholders. To the individual, this double taxation can be avoided with tax planning and followed through to the completion of the tax returns. Certain business entity types are Pass-Through, which allow the business income to pass-through to the individual, and have become increasingly popular among modern entity structures. 


Subchapter S in the IRC (Internal Revenue Code) provides an election for “small business” to allow passing income from corporation to the shareholders. H
owever the benefits are not always realized without planning and tax support. If your business may qualify for S-Corp election, we recommend working with tax accountants to consider the advantages and disadvantages.


Reduce Taxes
Business owners can reduce payroll taxes, which are either payroll or self-employment (SE) tax consisting of 15.3% of Social Security and Medicare.  Subchapter S in the IRC (Internal Revenue Code) provides an election for “small business” to allow passing income from corporation to the shareholders. However the benefits are not always realized without planning and tax support. If your business may qualify for S-Corp election, we recommend working with tax accountants to consider the advantages and disadvantages.

  • SE Tax & Distributions
  • PTE Tax Credit 
  • Medical for 2% Shareholders
  • Payroll Services include using industry-wide vendors through their wholesale programs, extending more features and wider support at a discounted price. Alternatively, we have developed our in-house payroll solution that is competitively streamlined and versatile. We believe in innovation in digitalization and technology, as our efforts become our client’s competitive advantage in time and cost. With our firm’s experience in providing payroll services for over 20 years, we have optimized the procedures with each client, industry, and iteration.

Personal Deductions
Outsourcing payroll can have benefits in cost, stability, and accountability and as a long-term solution:

Advantages for S-Corp
Legal and Financial Liability Protection
Election 

  • PTE Tax Credit 
  • Medical for 2% Shareholders
  • Payroll Services include using industry-wide vendors through their wholesale programs, extending more features and wider support at a discounted price. Alternatively, we have developed our in-house payroll solution that is competitively streamlined and ve
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S-Corp Disadvantages
S-Corp has 2 tax returns (Corporate and Individual) and needs additional maintenance throughout the year, leading to more fees. The tax benefits are not a good fit for all companies and depends on the company’s operating and income conditions. Many business owners are advertised to choose S-Corp, where the accountants are incentive to get more fees, only to find there are more complications, penalties, and delay. 

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