For many owner-run businesses, an S corporation election cuts the self-employment tax bill. For others it adds cost without savings. We run the numbers, and if it works, we make the election.
Returns, books, payroll, and planning from the same people
The founder holds both and reviews the hard questions
Multi-state filings and registrations handled in-house
We model the savings against the added payroll and compliance cost, set a reasonable compensation figure, file Form 2553, and set up the payroll that comes with it.
Consultation and profit review
Written analysis with the savings estimate
Election filed and payroll set up
Ongoing bookkeeping, payroll, and the 1120-S
Your return is prepared by the Gordon Tax team in Skokie, Illinois. Gordon Tax, LLC was founded by Andrew Gordon, a tax attorney and CPA, and has focused on crypto tax since 2014.
There is no single number; it depends on state, payroll costs, and how much is a reasonable salary. The break-even depends on your profit, your state, and what a reasonable salary is for your role; we run the numbers both ways before recommending the election.
Yes. An LLC can elect to be taxed as an S corporation without changing its legal form.
The election itself is a tax filing.
Hourly billing, estimated up front, with a deposit applied to the work.
Fill this out and we will reach out to schedule your consultation.