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💼 Reasonable Compensation • Accountable Plans • Solo 401(k) • Form 1120S
  • S-Corp Tax Preparation Company

S-Corp Tax Services That Maximize Savings & Ensure Compliance

The S-Corporation election is a powerful tax-saving tool, but it comes with strict IRS rules. We handle your Reasonable Compensation, Payroll, 401(k) setup, and 1120S filings so you stay compliant and audit-proof.
Optimize Your S-Corp

Tax Optimization Strategies for S-Corps

We don’t just file your taxes; we implement strategies that put money back in your pocket.

01

Accountable Reimbursement Plans

Turn personal expenses into business deductions. We set up compliant plans to reimburse you tax-free for your home office, cell phone, internet, and business travel.

02

Retirement Planning (Solo 401k)

Maximize tax-deferred growth. We help you navigate Solo 401(k)s and SEP IRAs, allowing for significantly higher contribution limits than standard IRAs.

03

Health Insurance Deductions

IRS rules for >2% shareholders are tricky. We ensure your health insurance premiums are properly reported on your W-2 so they are fully deductible.

04

The "Augusta Rule"

Rent your home to your business for board meetings or events tax-free for up to 14 days a year. We provide the documentation to make this audit-proof.

Complete S-Corp Business Tax Preparation

From setting up your entity to filing the 1120S, we handle the specifics so you can focus on growth.
  • Federal Form 1120S & State Corporate Returns
  • Schedule K-1 preparation for all shareholders
  • Reasonable Compensation studies & reports
  • Shareholder Basis calculation & tracking
  • Quarterly estimated tax vouchers (1040-ES)

S-Corp Bookkeeping

Clean books are required for S-Corps. We ensure your business expenses are separated from personal expenses.
  • Monthly transaction categorization
  • Payroll journal entry reconciliation
  • Tracking of non-deductible expenses
  • QuickBooks Online management
  • Profit & Loss statements for tax planning

The S-Corp Payroll Challenge

The #1 audit trigger for S-Corps is incorrect officer compensation. We fix that.

Reasonable Comp

We use industry data to calculate a salary that satisfies the IRS while maximizing your tax savings.

Payroll Setup

Full-service payroll setup including W-2s, 941s, and unemployment tax filings.

Distributions

Guidance on when and how to take profit distributions correctly to avoid basis issues.

Why S-Corp Owners Choose OptimizeTax

The S-Corp Advantage

  • CPA-led reasonable compensation analysis
  • Integrated payroll & tax services
  • Year-round tax planning meetings
  • March 15th deadline management (we never miss it)
  • Audit protection support included
“We don’t just file your taxes; we structure your salary and distributions to legally minimize your self-employment tax burden.”
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S-Corp Tax FAQs

What is an Accountable Plan?
An Accountable Plan allows your S-Corp to reimburse you for business expenses paid personally (like home office, internet, or mileage) tax-free. Without it, these reimbursements could be considered taxable income.
For >2% shareholders, health insurance premiums must be included in your W-2 wages (Box 1) but are not subject to FICA taxes. You then take a deduction on your personal return. We handle this reporting for you.

S-Corp tax returns (Form 1120S) are due on March 15th, not April 15th. We ensure your books are ready early to meet this deadline or file a timely extension.

Yes! S-Corp owners can set up a Solo 401(k), allowing you to contribute as both the employee and the employer, significantly increasing your tax-advantaged savings space compared to a standard IRA.

Ready to Optimize Your S-Corp Strategy?

Stop worrying about reasonable comp audits. Let our CPAs handle the compliance so you can enjoy the tax savings.
Schedule Free Consultation
Call (212) 695-1962
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