Tax preparation
S-Corp tax preparation, done right and on time.
Form 1120-S, Schedule K-1s, owner returns, and reasonable-salary and payroll coordination — prepared accurately, filed on time, for a flat fee.
S-Corp taxes have more moving parts — and less room for error.
An S-Corp can save real money on self-employment tax, but it comes with obligations a sole proprietor never had: a separate return, payroll for the owner, a defensible reasonable salary, and a basis calculation that has to be right. Miss the March deadline or set the salary wrong, and the savings evaporate into penalties or audit exposure.
Digitaxpert handles the whole picture — the return, the owner filing, and the payroll and salary coordination behind it — so the election actually pays off.
What's included
- Form 1120-S federal return and applicable state returns
- Schedule K-1s for each shareholder
- Owner personal returns (Form 1040) prepared in sync
- Reasonable-salary guidance and payroll coordination
- Distribution, basis, and equity tracking
- Estimated tax planning and quarterly vouchers
- Deadline management, including extensions when needed
How it works
- Intro call. We review your entity, profit, and salary setup and quote a flat fee.
- Foundation. We make sure the books, payroll, and salary are aligned before filing season.
- Prepare & review. We prepare the 1120-S and K-1s and reconcile them to the owner returns.
- File. We e-file on time and keep signed copies in your secure portal.
Who this is for
- LLCs and corporations already taxed as an S-Corp.
- Profitable LLC owners weighing whether the S-Corp election is worth it.
- S-Corp owners who want salary, payroll, bookkeeping, and the return handled together.
Deadlines and rules above reflect general federal guidance and can change; we confirm your specifics. Nothing here is engagement-specific advice.
FAQ
Common questions
- When should an LLC elect to be taxed as an S-Corp?
- The S-Corp election can reduce self-employment tax once a business is consistently profitable enough that the tax savings outweigh the added cost of payroll and a separate return. There is no single revenue threshold — it depends on your profit, your reasonable salary, and your state. We model it with you before recommending the election.
- What is a "reasonable salary" for an S-Corp owner?
- The IRS requires S-Corp owner-employees to pay themselves reasonable compensation for the work they do before taking distributions. "Reasonable" is based on the role, industry, and what you would pay someone else to do the job. Setting it too low is a common audit trigger, which is why we coordinate salary with payroll.
- What are the S-Corp filing deadlines?
- An S-Corp return (Form 1120-S) is generally due by the 15th day of the third month after year-end — March 15 for calendar-year businesses — with a six-month extension available. Owner 1040s follow the individual deadline. We track and confirm the current-year dates for you.
- Do you handle the owner’s personal return too?
- Yes. S-Corp income flows to owners on Schedule K-1 and onto their personal returns, so we typically prepare the 1120-S and the owner 1040 together to keep them consistent. See tax preparation.
- What bookkeeping does an S-Corp need?
- S-Corps need clean books that separate owner salary, distributions, and the equity/basis picture — messy books make the return harder and riskier. Our bookkeeping service keeps this straight month to month.
Ready to fire your timer?
Book a free 20-minute intro call. We'll talk through your situation and quote you a flat monthly fee on the spot — before you commit to anything.
Book a free intro call →