CPA for S Corp Elections and Tax Compliance
Support for Small Businesses Electing to be an S Corporation
Whether you're weighing the benefits of making an S Election for your LLC or looking for a new CPA to assist with S-Corp compliance, we can help.
April Bryson Bahrs, CPA provides S-Corp owners with tax compliance in a number of areas including tax preparation, reasonable compensation, shareholder benefits, payroll, bookkeeping, and more.
S Corp Elections & Tax Compliance
Making the Decision
Making an S election for a small business to be treated as an S Corporation is a big deal. While this structure can yield substantial tax savings, the associated compliance costs and restrictions must be carefully considered to ensure the S-Corp treatment is the best choice for your business. We offer pre-election support to help you project potential tax benefits, estimate compliance costs, and determine eligibility.
Timely and Late S-Corp Elections
We prepare and file the appropriate forms for your LLC, PLLC, PC, or Incorporated business to make an election to be taxed as an S corporation. If a timely election is not possible, or if your timely election was not approved, your small business might be eligible for late election relief.
Pre and Post Election Consultations
Do you understand the difference between operating as a sole proprietor versus an S Corp for tax purposes? We can help bridge the gap with a pre or post-election consultation. Also known as an S Corporation Advisory Session, the consultation generally covers compliance issues such as reasonable compensation, distributions, payroll, bookkeeping, health insurance, retirement plans, and other topics specific to your business.
Services for the One-Person Business
Compliance requirements that come with an S-Corp can feel overwhelming, especially when you're the only shareholder and the only employee. April Bahrs, CPA works extensively with single-owner S-Corps, providing a full range of services tailored to the unique needs of businesses that larger firms often overlook.
Form 5500-EZ for Solo 401(k) Plans
Many S-Corp owners aren't aware of the requirement to file Form 5500-EZ annually once their solo 401(k) plan assets exceed a certain value or when terminating the plan. The penalties for non-compliance are steep. We offer preparation of Form 5500-EZ to clients with Solo 401(k) plans and can help delinquent filers come into compliance through the IRS Late Filer Penalty Relief Program, if eligible.
Small Business Advisor
Real-World Small Business Experience
April Bryson Bahrs founded her CPA firm after accumulating over 20 years of accounting and management experience in the small business sector. She's been helping S corp owners since 2003 and brings a deep understanding of S elections and ongoing compliance requirements.
Meeting Options for S Corp Owners
Flexible Scheduling for Virtual Meetings
We work with LLCs and incorporated businesses across the US. Through virtual meetings, we can provide S-Corp consulting and tax advisory to clients in most states.
In-Person Meetings for Local Clients
While many local business owners prefer the convenience of virtual meetings, we also offer in-person meetings at our SouthPark location in Charlotte. Our location is convenient to business owners in the Greater Charlotte area including Ballantyne, Pineville, Matthews, and Fort Mill.
Full Suite of Services for Small S-Corporations
Our CPA firm is a one stop solution for many small business owners.