If you're a profitable sole proprietor or LLC, electing S-corp status can cut your self-employment tax — sometimes by thousands a year. Put in your numbers and see an estimate instantly.
vs. operating as a sole proprietor / single-member LLC
Assumptions: 15.3% combined SE/FICA rate (12.4% Social Security + 2.9% Medicare), Social Security wage base of $184,500, and the standard 92.35% SE-tax base for sole proprietors.
The savings are real, but so are the rules and the extra paperwork. In a free 30-minute review, our Enrolled Agent will tell you exactly what an S-corp would save you — and whether to do it.
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