Business Tax

S-Corporation Tax Services for Business Owners

Tax preparation, planning and year-round compliance support for S-Corporations and the owners behind them.

S-Corporation Owners

Who This Is For

Owners of S-Corporations, and owners considering the structure, who want the business and personal tax picture to make sense together.

Current S-Corp Owners

Owners who need Form 1120-S, payroll and distributions handled consistently.

Owners With Questions

Owners unsure whether their compensation, distributions or records are set up correctly.

Growing LLCs and Sole Proprietors

Schedule C and single-member LLC owners whose business has grown.

Compliance

Form 1120-S & Compliance

We prepare the S-Corporation return and the shareholder K-1s, and review the records behind them so the filing reflects how the company actually operates.

  • Form 1120-S and shareholder K-1s
  • State filings and compliance
  • Review of balance sheet and equity accounts
  • Corrections when prior filings need attention

Payroll

Reasonable Compensation & Payroll Coordination

S-Corporation owners who work in the business generally need to receive reasonable compensation through payroll. We help review compensation and coordinate with your payroll provider so the numbers are consistent.

  • Owner compensation review
  • Coordination with your payroll provider
  • Consistency between payroll and the return

Owner Planning

Distributions & Owner Tax Planning

How distributions, basis and owner pay are handled affects both the S-Corporation return and the owner's personal Form 1040. We look at both together and plan ahead for estimated taxes and year-end decisions.

Distributions & Basis

Tracking distributions and shareholder basis so they are reported correctly.

Owner Form 1040

Coordinating K-1 income and compensation with the owner's personal return.

Estimated Taxes

Planning estimated payments so there are fewer surprises at filing time.

Structure Review

Has Your Business Outgrown Its Current Structure?

If you file a Schedule C or own a single-member LLC and the business has grown, it may be worth reviewing whether your current structure still fits. An S-Corporation does not automatically save taxes; it depends on income, payroll, state rules and administrative costs. We review your situation and explain the trade-offs before any change.

Questions

Frequently Asked Questions

Does an S-Corporation always save taxes?

No. Whether it makes sense depends on profit, reasonable compensation, payroll costs, state rules and administration. We review the numbers before recommending any change.

What is reasonable compensation?

It is the salary an S-Corporation owner who works in the business generally needs to receive through payroll. The right amount depends on the role and the facts.

Can you fix problems from previous S-Corp returns?

Yes. We review prior filings, identify inconsistencies and correct them when appropriate.

Do you prepare the owner's personal return too?

Yes. We coordinate the K-1 and compensation with the owner's Form 1040.

Every situation is different. Outcomes depend on individual facts, documentation and applicable requirements.

Contact Us

Ready to Discuss Your Situation?

Tell us about your S-Corporation and how owner pay is handled today.

Tax advisory, accounting and business solutions for growing businesses. Based in North Carolina. Serving businesses nationwide.

Address:

11100 Monroe Rd, Suite O, Matthews NC 28105

(704) 246-8226

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