Should you be an S-corp?
Above a reasonable salary, S-corp distributions skip the 15.3% self-employment tax. Estimate your annual savings, net of the extra payroll and filing cost. It's a rough guide. Confirm with your CPA.
As an S-corp, profit taken above a reasonable salary (the distribution) skips the 15.3% self-employment tax. Whether it pays depends on the gap between your profit and a reasonable salary more than on any single profit threshold, so run your numbers. This is a rough estimate: the Social-Security portion caps at the wage base, and reasonable-salary rules matter. State franchise taxes and the QBI deduction can shrink this saving — two more reasons to confirm with your CPA before electing.
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Reproduce this
These figures come out of a public calculator anyone can call, with no key and no account. This is the exact request that produces them:
curl -s https://keystonepractice.co/api/engine/s-corp-savings \
-H 'content-type: application/json' \
-d '{"netProfit":150000,"reasonableSalary":90000,"scorpAnnualCost":2000}'Cite this page
Link to this page and attribute it to Keystone Practice:
Keystone Practice. "Should you be an S-corp?" https://keystonepractice.co/tools/s-corp-calculator
Embed this calculator on your site
<iframe src="https://keystonepractice.co/embed/s-corp-calculator" width="100%" height="720" loading="lazy" style="border:1px solid #e6ebef;border-radius:12px"></iframe>