Learn why you should be an
S-corporation

S-corporation is usually best and we can show you why.

S-corporation

C-corporation

Sole Proprietor

Partnership

Compare The Different Tax Structures

If you are a sole proprietor, you have several choices of how to be taxed. By filing simple elections with the IRS, your business can be taxed as an S-corporation and save a large amount in self employment tax if you follow the rules. As you can see below, there is a big advantage to being an S-corp.

Business Type:

Business Income:

Subtract W-2 Wages

Subtract Payroll Taxes

Net Business Income:

Adjustments:

Standard Deduction:

Taxable Income:

Sec 199A Deduction:

Taxable Income After Deduction:

Income Tax:

Self Employment Tax:

Corporate Tax:

Total Tax:

Sole Proprietor

$150,000

$ -

$150,000

($9,969)

($12,200)

$127,831

($25,566)

$102,265

$18,833

$19,938

$ -

$38,771

S-corp

$150,000

($75,000)

($11,475)

$63,525

$ -

($12,200)

$126,325

($12,705)

$113,620

$21,558

$11,475

$ -

$33,033

C-corp

$150,000

($75,000)

($11,475)

$63,525

$ -

($12,200)

$126,325

$ -

$126,325

$18,624

$11,475

$13,340

$43,439

C-corp (no wage)

$150,000

$ -

$150,000

$ -

($12,200)

$137,800

$ -

$137,800

$19,744

$ -

$31,500

$51,244

▲▲▲
$5,763
SAVINGS

Calculate Your Savings

Now its time to see how much you could save. Using our software we can show you exactly what you could save by electing to be taxed as a S-corporation, C-corporation or Partnership vs how you are setup now. Just 4 simple questions and you can see the entire report.

Use Tax Structure Calculator (Free)

If S-corporation is right for you, lets get started.

Start Halon Software Setup

When you become a Halon client, we will evaluate your options, help you make the election, and work with you to get everything setup correctly. We will also be honest with you if you should wait or if s-corporation is not the right structure yet.

Business type and shareholder profile

Probable reasonable compensation

Business size and saving opportunity

Deductions you are not utilizing

Overview of compliance needed

State issues or concerns

S-corp Setup & Accounting Package

$99

ONE TIME FEE

S-Corporation Setup (Form 2553)

Bookkeeping Review

New Corporation Checklist

Meeting About Best Practices

FREE
EVALUATION

In this fast and easy chat session, we will evaluate your business and make sure an s-corp is right for you. If it is, we can show you how to setup a package and start saving.

Learn why you should be an S-corporation

S-corporation

C-corporation

Sole Proprietor

Partnership

Compare The Different Tax Structures

Business Type:

Business Income:

Subtract W-2 Wages

Subtract Payroll Taxes

Net Business Income:

Adjustments:

Standard Deduction:

Taxable Income:

Sec 199A Deduction:

Taxable Income After Deduction:

Income Tax:

Self Employment Tax:

Corporate Tax:

Total Tax:

Sole Proprietor

$150,000

$ -

$ -

$150,000

($9,969)

($12,200)

$127,831

($25,566)

$102,265

$18,833

$19,938

$ -

$38,771

S-corp

$150,000

($75,000)

($11,475)

$63,525

$ -

($12,200)

$126,325

($12,705)

$113,620

$21,558

$11,475

$ -

$33,033

C-corp

$150,000

($75,000)

($11,475)

$63,525

$ -

($12,200)

$126,325

$ -

$126,325

$18,624

$11,475

$13,340

$43,439

C-corp (no wage)

$150,000

$ -

$ -

$150,000

$ -

($12,200)

$137,800

$ -

$137,800

$19,744

$ -

$31,500

$51,244

▲▲▲

$5,763

SAVINGS

Calculate Your Savings

Learn why you should be an
S-corporation

FREE
EVALUATION