S-Corp Tax Preparation for Small Businesses
An S-corp can save owners real money on self-employment tax, but it comes with its own return, its own deadline, and a reasonable-compensation rule the IRS takes seriously. We handle all of it so your election actually pays off.
What we handle for your S-corp
- Form 1120-S preparation and e-filing
- Shareholder Schedule K-1s
- Reasonable compensation analysis for owner-employees
- Pass-through items reconciled to your books
- Federal and state filings, kept on schedule
- Year-round planning, so there are no March surprises
What an S-corp return involves
An S-corporation files Form 1120-S and passes its income through to shareholders on Schedule K-1, so the profit is taxed on your personal return rather than at the corporate level. The return is due March 15 each year, with a six-month extension available to September 15. If you are an owner who works in the business, the IRS requires you to pay yourself reasonable compensation as W-2 wages before taking distributions.
Why work with a CPA on your S-corp
S-corp mistakes are expensive: an unreasonably low salary, a missed March 15 deadline, or distributions that outrun your basis can all draw penalties or an IRS notice. A CPA sets the salary defensibly, files on time, and plans your distributions, so the tax savings are real and the return holds up.
Stand-alone or part of your monthly plan
Need just the 1120-S this year? We will quote a flat fee for the return. Want bookkeeping, payroll, and tax handled together all year? Plans start at $500/month with the S-corp return included. Either way, you work with the same CPA-led team.
Frequently asked questions
When is my S-corp tax return due?
Form 1120-S is due March 15 each year (the next business day if the 15th falls on a weekend or holiday). We can file a six-month extension to September 15 if you need more time, though any tax the owners owe is still estimated and paid by the original deadline.
Do I have to pay myself a salary?
Yes. If you are an owner who works in your S-corp, the IRS requires reasonable compensation paid as W-2 wages before you take distributions. We help you set a salary you can defend and run it through payroll.
Can you handle a first-year or late S-corp return?
Yes. We regularly onboard new S-corps and catch up late or first-year filings, including the payroll and reasonable-compensation pieces that often get missed.