Business Consulting

It depends on net profit. As a rule of thumb, once a single-member LLC clears roughly $50,000–$80,000 in net profit, an S-corp election typically saves more in self-employment tax than it costs in payroll and compliance. We run the numbers before recommending.

An Accountable Plan (Treas. Reg. §1.62-2) lets an S-corp or C-corp reimburse owners and employees for business expenses (home office, mileage, cell phone) tax-free — deductible to the corp, non-taxable to the individual. Every small business with owner-employees should have one.

Yes — Rev. Proc. 2013-30 allows late S-corp elections up to 3 years and 75 days after the intended effective date, with reasonable cause. We prepare and file the late election as part of onboarding when it makes sense.

Yes. Business clients on a monthly bookkeeping package receive quarterly tax projections and estimated-payment recommendations so April 15 doesn't produce surprises.