Jamie Trull – S Corp Toolbox
I’ve created all the resources YOU need to understand how S Corps work, determine your IRS-defensible reasonable salary, accurately calculate your tax savings, elect S Corp status yourself, start running your first payroll, AND help you stay in good graces with Uncle Sam.
It’s an amazing resource for those who are considering becoming an S Corp but want to understand their true tax savings and go in eyes wide open.
It’s also perfect for those who have already elected to be taxed as an S Corp but want to make sure to stay in compliance.
As a CPA and Financial Literacy Coach, S Corps are one of the most common topics I am asked about by business owners looking to save money on taxes. So, I created this resource just for YOU!
What You’ll Learn In S Corp Toolbox
Two video training modules:
- Entity Types. This training helps you fully understand what an S Corp is and how it differs from other entity types.
- All About S Corps. we’ll dive deeper into just S Corps and explain the requirements, etc. for maintaining one.
S Corp Checklist
Keep all the requirements and steps straight when becoming an S Corp.
We’ve created an easy-to-follow checklist that includes links to all the resources you will need to both set up your S Corp and stay in compliance. You won’t know what you would’ve done without it!
The S Corp Checklist will also show you how to utilize the other resources within the Toolbox.
S Corp Vs. LLC Decision Guide
This handy reference guide will help you understand the detailed advantages and disadvantages of each entity type and help you decide which may be best for you.
S Corp vs. LLC Calculator & Selector
We walk you through a detailed and accurate calculator that can estimate your total tax liability and savings and compare entity types.
No more inaccurate back-of-the-envelope calculations, I’ve simplified a detailed calculator that accountants use so that you can do your own scenario calculations quickly and easily! This calculator even takes into account the Qualified Business Income Deduction (most other calculators available do NOT).
Guide: How to Elect to Be Taxed as an S Corp
Let’s get tactical! How can you actually make this election?
Filing an S Corp election can be intimidating if you’ve never done it, so we walk you through how to do it correctly and for FREE.
Reasonable Compensation Estimator
You can use this calculator to estimate your reasonable compensation to determine if S Corp could make sense for you.
This calculator is available in both Excel and Google Sheets versions and is SUPER easy to use! Estimating your reasonable salary is key to being able to accurately calculate your S Corp tax savings.
Payroll Guide for S Corp Owners
For new S Corps, setting up and running payroll for the first time can be intimidating. Our Payroll Guide tells you everything you need to know to get payroll set up and running quickly, as well as requirements like worker’s comp and unemployment insurance.
Plus, we help you determine what the right software is for you!
About Jamie Trull
Financial Literacy Coach, Hamilton superfan, an enjoyer of a glass of Cabernet with a good mystery book, and — if you like —your guide as you get allll those numbers together.
Even though I’ve got a CPA license and 15 years of experience in finance and accounting, my real passion is explaining complex topics to small business owners and solopreneurs in a non-technical way to make them easy to understand and put into practice.
I’m not one of those accountants that will use a whole bunch of buzzwords and jargon…we won’t be talking about things like “EBITDA” or “synergies” here (UGH). Instead, it’s all explained in words that make actual sense in the real world of entrepreneurship.
In other words, I’m not your father’s CPA.
And my #1 mission is to see more entrepreneurs not just surviving, but THRIVING in both their professional and personal lives.
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