S-Corp Election, Reasonable Salary and Payroll Setup
We analyze whether an S-Corp election makes sense for your LLC or corporation, file Form 2553 with the IRS, set a reasonable salary you can support, and set up payroll so the election works as intended. Every engagement starts with a paid consultation with Daysi Bettran, MBA. Service in English and Spanish for owners in NJ, PA and nationwide.
What's included
- Eligibility and break-even analysis with your real numbers
- Form 2553 preparation and filing
- Reasonable salary documentation
- Payroll setup for owner-employees
- Distribution planning
- Ongoing S-Corp support (optional)
What to bring
- Formation documents and EIN letter
- Last year's tax return and a current profit & loss
- How you pay yourself today
- Any payroll accounts you already have
How it works
- Paid consultation — we review your income, costs and goals
- Written recommendation: elect now, wait, or don't elect
- Form 2553 filed with the IRS
- Payroll and reasonable salary set up
- Year-round support and the Form 1120-S at tax time (quoted separately)
Frequently asked questions
When is the S-Corp election due?
Form 2553 is generally due no later than 2 months and 15 days after the start of the tax year the election should take effect. If you missed it, IRS late-election relief may be available in some cases.
Will an S-Corp save me money?
It depends on your net profit, a reasonable salary for your role, payroll costs and state taxes. For some owners it lowers total tax; for others it does not. We run your numbers before recommending it.
Do I have to run payroll as an S-Corp owner?
Yes. Owners who work in the business generally must be paid a reasonable salary through payroll before taking distributions.
Elección de S-Corp
Analizamos si la elección de S-Corp le conviene a su LLC, presentamos el Formulario 2553, definimos un salario razonable y configuramos la nómina. Comienza con una consulta pagada con Daysi Bettran, MBA. Atención en español.
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