Since the Tax Reform Act of 1986 introduced the S Corporation through Subchapter S (Section 1361), it has been a game-changer for closely held companies. Before this, corporations were subject to income tax at the corporate level. So, the S Corp Election, initiated with Form 2553, shifted income tax to the ownership level, providing significant advantages. Even after 35 years, S Corporations remain a sensible choice, now also available to LLCs. That is why, Schultz & Associates proudly stands as the go-to S Corp CPA firm that guides businesses through the intricacies of S Corporations, offering expert assistance in accounting, bookkeeping, payroll, and tax preparation.
Your Trusted S Corp CPA Firm
At Schultz & Associates, we pride ourselves on being an S Corp CPA firm, as evidenced by our extensive experience in helping business owners make informed decisions about S Corp elections. So, Annually we file over 150 S Corporation Form 1120S tax returns, showcasing our deep expertise in S Corp tax compliance. However, our services extend beyond tax returns; we are well-equipped to handle all your accounting and tax outsourcing needs. While you have the option to manage specific services in-house, we are here to assist with bookkeeping, accounting, payroll, and strategic tax planning.
Navigating the Complexity of S Corporation Tax Returns
The S Corporation tax return is inherently complex, and that’s where an experienced S Corp CPA firm becomes invaluable. In contrast to sole proprietorships or partnerships, S Corp owners typically draw W-2 wages and are also taxed on the business’s profits. Because of this, We are dedicated to ensuring that you’ve set aside sufficient funds to cover the taxes on this income, providing proactive support and strategic guidance.
Why Choose Schultz & Associates for Your S Corp Needs?
Extensive Experience:
Our Firm is well-versed in the nuances of S Corporations, with 35 years of experience.
Comprehensive Services:
Beyond tax returns, we offer a range of services including bookkeeping, accounting, payroll, and tax planning.
Proactive Tax Management:
We help you navigate the complexities of S Corporation tax obligations, ensuring you are well-prepared for tax liabilities.
Elevate your business with Schultz & Associates, your trusted S Corp CPA firm.
Jill Kehn, CPA and D.J. Jablonski, MSA are Ready to Assist You
Jill and D.J. are available to discuss your S Corp accounting service needs. Please click here to learn more about Jill and click here to learn more about D.J.
You can reach Jill by phone (734) 354-23280 ext. 103 or by email at jkehn@schultz-cpa.com, and you can reach DJ either by phone (734) 354-2380 ext. 110 or by email at djablonski@schultz-cpa.com as well.