Tax Advisory Services

Your LLC might be costing you more than it should

If your business is taxed as an LLC, there’s a good chance you're handing the IRS more than you have to.
We’ll show you exactly where, and fix it.

The Problem

Most LLCs are paying self-employment tax on money that doesn’t need to be taxed that way.

By default, a single-member LLC is taxed as a sole proprietorship, and a multi-member LLC as a partnership. Either way, all of your net profit is subject to self-employment tax.

That’s 15.4% before you’ve paid a dollar of income tax!

The Fix

Electing S corp status changes what’s taxed, not how much you earn.

An S corp election doesn’t change your legal structure, your LLC stays an LLC.

It changes how the IRS taxes your profit. You pay yourself a reasonable salary through payroll, and the rest comes out as a distribution that isn’t subject to self-employment tax.

Schedule a free 30-min consultation

  • I didn't know I had a choice in how the IRS sees my business. Nobody told me.

    Ashley W.

  • Kim’s knowledge and expertise in accounting and small business operations were incredibly helpful to me as a new business owner looking for direction. No question ever felt too big or too small, and she was consistently kind and supportive. I would highly recommend connecting with Kim, especially for anyone who is just starting out and building their business!

    Hillary R.

  • What a joy and relief to find Kim! I'm in the beginning stages of setting up my small business and thus have a ton of questions - Kim was happy to answer each one of my questions, while sharing a lot more about things I hadn't even thought of. She has been patient as I try to digest all the information, warm and personable, meeting me right where I'm at, and putting me at ease by providing me with an organized list of next steps.

    Heather W.

  • Kim is an outstanding accountant and an even better person! What sets Kim apart is not only her deep accounting knowledge, but also her experience as an entrepreneur. She truly understands the challenges of running a business, and that perspective comes through in her advice and support.

    Jason S.