S-Corp Calculator

Calculating Your S-Corp Tax Savings is as Easy as 1-2-3!

Just complete the fields below with your best estimates and then register to get your CPA or schedule a free Consultation here

 

1 Select an answer for each question below and we will calculate your S-corp tax savings

A)What is your estimated yearly net income (revenue less expenses) for the business?

$0
$250,000
$500,000

B)What is the salary you would pay yourself?

$0
$100,000
$200,000

Annual Self Employment tax as a Sole Proprietor -

$ 21,020

Annual Self Employment tax as an S-Corp

$19,125( You Save: $1,895 )

Total Savings From S-corp Conversion$1,895

2 Review the Costs to Convert to S-Corp

Initial state registration cost to form an LLC / S-Corp (if not already formed)
$250
Registered Agent Fee (if required)
$25
Taxhub's fee
$559
Annual cost of administering a payroll
$250
Annual state LLC / S-Corp registration fees
$175
Estimated Local Business tax
$100
Total first year cost of S-Corp administration
$1,359
Net savings from S-Corp conversion
$536

3 Create Your Free TaxHub Account