Services
S Corporation & Entity Planning
An S corporation election changes how income reaches the owners, but it does not eliminate payroll, basis or state-tax questions. Entity choices should follow the business facts.
Reasonable compensation
A shareholder who works for the S corporation should review appropriate W-2 compensation before taking nonwage distributions. No single salary percentage fits every business.
Basis and distributions
Stock and debt basis affect whether losses can be deducted and whether distributions may trigger gain. Owner contributions and loans need proper records.
Coordinate state and personal returns
Entity elections, pass-through entity taxes, estimated payments and owner benefits can affect different returns. We consider the combined effect before recommending a change.
Talk through your next step
Tell us your business type, location, current accounting system and any approaching deadline. We will prepare for a focused conversation.