S-Corp Conversion and Full Business Services
When you're self-employed, a Sole-Prop or LLC, you - as the owner(s) - bring in individual income and pay taxes on that income yourself. Usually that federal tax is comprised of Social Security and Medicare, totaling 15.3%
When you become an S-Corp, you pay yourself a salary (like you would any employee), deriving from the income your business generates. ONLY that salary is subject to the 15.3% federal tax liability.
After you pay yourself said salary, plus pay all business expenses, what's left over becomes "Shareholder distribution." This is money you receive as the owner/shareholder, that is NOT subject to Social Security and Medicare tax.
Thus, you can save THOUSANDS by paying yourself in both a "Reasonable Salary" and in "Shareholder distribution." You'll ONLY pay federal taxes on the designated "Salary."
How Cortina Consulting Can Do This For You!
It's a pain to go through, especially if you've never done it before. The good news is, WE HAVE done this, many times, and we can do it for you as well! No need to figure it out yourself. We offer two packages for this
This pays for itself as this cost is a
tax write-off and converting to an S-Corp will save you WAY MORE than this cost on your tax liability!
Click each package to show details
This will cost you NOTHING as you'll save more than $349 a month in taxes, when you convert to an S-Corp!
- We pay the upfront costs for your payroll and bookkeeping software, so you can re-pay us monthly, saving you upfront!
- PLUS: For $199 once or $349 a month, you'll be saving thousands on taxes as an S-Corp!
- PLUS: All of your Bookkeeping and Payroll will be taken care of for you - every month.
- PLUS: All Tax Forms will be prepared and submitted for you come tax time!
Let us handle these tasks so you focus on what matters most - your business!
For the DIYers..
CCG CEO - Eric Cortina - has put together two eBooks to help those that prefer to figure out how to convert to an S-Corp and Track their Payroll and Finances themselves!
Book 1: S-Corp Conversion, Tax Secrets and Benefits details what an S-Corp is, all of the benefits and write-offs for converting PLUS a step-by-step guide on HOW to convert yourself.
Book 2: How To: Tracking S-Corp Finances is a drill down on determining a Reasonable Salary, how to roll-up monthly book keeping for financial tracking, and all the forms you need to file come tax time, as an S-Corp.
Click HERE to preview/get these books!