LLC vs S - Corp Savings
In this scenario we take a business making 100k after expenses and analyze S-Corp savings
|Total SE Tax||$15,300||$7,650|
|Annual SE Saving||$0||$7,650/yr|
Forming an S-Corp results in ~7.6% savings for a $100k Net Income company. Clearbooks CPA can help you not only set up an S-Corp but also provide the ongoing accounting service and guidance needed to help your business scale efficiently.