S-Corp election through year-end
book-tax reconciliation, by one CPA.
End-to-end entity tax: the election, the basis tracking, the K-1 generation, the M-1 reconciliation back to your books. The whole arc handled by the same CPA — not three associates and a partner who signs at the end.
The full entity arc, in one engagement.
Most entity engagements stop at “we prepared the return.” This one starts at the structure decision and ends at the K-1 in the partner’s mailbox.
1065, 1120-S, and 1120 preparation
Partnership, S-Corp, and C-Corp federal returns prepared end-to-end. Texas Franchise / Margin Tax filed alongside. Multi-state nexus apportioned correctly.
M-1 book-tax reconciliation
Your books say one number, the return says another. M-1 ties them out cleanly so retained earnings on the balance sheet matches what the IRS sees. Monthly bookkeeping that supports this.
Schedule K-1 generation
K-1s issued to partners or shareholders by March 15 — not March 28 with a “sorry” email. Distributed via a method that doesn’t require a portal. How K-1s flow into the 1040.
Partner & shareholder basis tracking
Stock basis, debt basis, and capital account schedules updated annually. Required if anyone wants to take a loss or a distribution without surprise tax.
Reasonable compensation analysis
For S-Corp owners: documented salary positioning using industry comp data. Builds the audit-defense file before the audit, not during.
Accountable plan setup
Owner reimbursements — mileage, home office, phone — routed through an IRS-compliant accountable plan so they’re deductible instead of taxable wages.
Entities we work with.
Boutique entity work, not Big Four scale. The roster is intentionally small so every return sees the principal.
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- S-Corp owner-operatorsYou took the S election, you draw a salary plus distributions, and someone needs to keep the reasonable-comp position defensible and the basis schedule current.
- Partnerships with two or more partnersMulti-member LLCs filing 1065 — real estate, professional services, family ownership. Special allocations and capital accounts handled properly.
- C-Corps under $5M revenueClosely held C-Corps where the dividend math, accumulated earnings position, and owner comp all interact. Smaller than Big Four’s minimum, bigger than a strip-mall CPA’s comfort.
- Real estate LLCsMulti-member LLCs holding rental property. K-1s have to be right, depreciation has to be tracked, and recourse vs. non-recourse debt has to be allocated correctly.
Three steps. No portals.
Same shape on every engagement at the firm — individual, entity, books, or CFO work. The simpler the path in, the faster you get to the work that actually matters.
Free 30-minute consultation
We talk through your situation, scope the work, and tell you straight if we’re the right fit. No intake form, no portal, no sales pitch.
Engagement letter & flat fee
Scope confirmed in writing. Fixed price. You see what’s included and what isn’t before a single hour is logged.
The work, year round
Your file runs through Tim directly. Quarterly check-ins, same-day IRS notice handling, and a direct line through the rest of the year.
Per-entity, scoped up front.
Each entity gets its own flat fee based on partner count, multi-state exposure, and book complexity. Multi-entity engagements rolled into one annual quote. No hourly billing, ever.
What entity owners usually ask.
Specific to corporate and partnership work. The general questions are on the contact page.
01 My LLC just hit profitability. S-Corp election now, or wait?
Generally the S election makes sense once net profit to the owner clears about $60K. Below that, the payroll administration cost outruns the SE-tax savings. We model both scenarios with your actual numbers before you sign Form 2553.
02 Why does basis tracking matter?
Without a current basis schedule, you can’t take losses (they get suspended) and you can’t take distributions cleanly (they become taxable). Reconstruction after several missed years is painful and expensive — maintaining it as we go is cheap.
03 I missed the S-election deadline. Am I stuck as a C-Corp / LLC?
Usually not. Rev. Proc. 2013-30 lets us file a late S-election with reasonable cause for up to 3 years and 75 days after the intended effective date. We’ve filed dozens — the IRS approval rate is high when the filing is clean.
04 How do you determine “reasonable” comp for me?
Industry compensation data plus a documented analysis of your role, hours, and revenue per employee. We build the position in a workpaper that lives in your file — so if it’s ever questioned, the defense is already done.
05 When do my partners get their K-1s?
By March 15, except for extended returns. We don’t let a single entity push K-1s into April — if the books need cleanup, we tell you in January, not the week before filing.
“I couldn’t be happier with the tax services provided by this firm. The process was smooth, and I was impressed with how thorough and efficient the team was.”
One CPA, whole arc.
Elect through K-1.
Schedule a free 30-minute consultation. We’ll read your last entity return, walk the structure, and quote a flat fee for the full year.