S-Corp Business Filing & Calculator

Shield your personal assets with S-Corp limited liability protection and enjoy employment tax savings. Our tax professionals will educate you on the many benefits of filing as an S-Corp as well as walking you through the process step-by-step.

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?


B)What is the salary you would pay yourself?


Annual Self Employment tax as a Sole Proprietor -

$ 31,557

Annual Self Employment tax as an S-Corp

$19,125( You Save: $12,432 )

Total Savings From S-corp Conversion$12,432

2 Review the Costs to Convert to S-Corp

Initial state registration cost to form an LLC / S-Corp
Initial State fee to form LLC
Taxhub's fee
Annual cost of administering a payroll
Annual state LLC / S-Corp registration fees
Annual tax preparation for S-Corp
Total first year cost of S-Corp administration
Net savings from S-Corp conversion

3 Create Your Free TaxHub Account