S-Corp Savings Calculator
Moving to S-Corp can save you thousands of dollars
each year on taxes. Use this calculator to get
an approximation of how much you can save. Want to get
a detailed report based on your 2021 data? Schedule a call today.
This S-Corp calculator uses the latest data from the IRS to calculate Social Security and Medicare payments, Social Security cap, reasonable wage percentage, and allowable standard deductions. Since every business is different, savings can range based on location, industry, type of business and other details. We provide a savings range but can provide a detailed analysis once we collect additional data. To get a personalized report, using your 2021 data, schedule a call with our experts today. You can complete the form or schedule a call here.
What Do Our Customers Have to Say About Us
“As a Real Estate Broker, I constantly think whether I should invest more time working in my business or working on my business. With Formations a large part of working on my business is taken care of so I don’t need to worry about it and can spend more time working in my business – meeting clients, finding buyers, and getting the work done.”
“Formations took over the financial management of my business, made sure that my S-corporation election was filed properly, and helped me follow all requirements to keep more money in my pocket. Formations reviewed my 2019 tax return and filed a late S-election for my business. Thanks to them, I was able to save $14,000 on my 2019 taxes!”