S-Corporation Vs. LLC/Partnership/Sole Proprietorship Calculator

Contents

Current Version
System Requirements
Overview
Inputs
Reports
Version History
Sample Reports

Overview

When you determine whether an entity should be an S Corporation or LLC/ Partnership/Sole Proprietorship, you look at many factors. When you look at the numbers, you look at the tax projections for each owner; you look at both Employer's and Employee's FICA; you look at each owner's Self-Employment Tax.  For each owner one tax projection will assume that the entity is an S Corp, and another projection assumes the business is a Partnership/LLC/Sole Proprietorship. Let the DTS S-Corporation Vs. LLC/Partnership/Sole Proprietorship Analyzer make these time consuming computations for you.

You can use this program for new businesses. When you analyze a new entity with this program, you are sending a message to your new client that you are helping them start off on the right foot.

You can use this program with existing business. When you analyze an existing business with this program, you are sending a message to your client that you are on top of changing tax laws and your client’s changing financial situations. This is a great way to see how changing S Corporation Stockholder Wages will do to Income Tax and FICA. This is a great way to see what changing Partnership Guaranteed Payments will do to Income Tax and Self-Employment Tax.

When your clients see these reports, they will know that you are not afraid to use technology to solve their problems.

This program is a good way to break the ice with prospective new clients. Using this program is an excellent opportunity to start working with prospective clients, Since the S-Corporation Vs. LLC/Partnership/Sole Proprietorship Analyzer prepares tax projections for the owners.

Since this program performs both business and individual tax projections, the program’s integrated solution can save you loads of time. Its computations run in seconds.

Order & Download Now! Special discounted price through 4/30/2022 $129.  Regular Price $149. (3,566 KB Approx. 4 minutes with broadband download)

 For comprehensive information, download the program's manual.

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Inputs

Business Inputs

Business Name
Base Taxable Income
Long-Term Capital Gains
Short-Term Capital Gains
Section 1231 Items
Charitable Contributions
 

Individual

Shareholder Name
Ownership Percent
Filing Status
Exemptions
Base Total Income
S Corp Wages
Other Wages
Partnership Guaranteed Payments
Self-Employment Income As Percent Of Partnership Ordinary Income
Long-Term Capital Gain Base
Short-Term Capital Gain Base
Section 1231 Base
Self-Employed Health Insurance Premiums
Other Adjustments to Income
Medical Expenses
Itemized Misc. Expenses
Other Itemized Deductions

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Reports (View Sample Reports)

SUMMARY ANALYSIS: This brief report shows clearly and concisely the cost or benefit of being an S Corp or a Partnership/LLC/Sole Proprietorship for both the business and the owners. This report is excellent for clients that want to focus on the bottom line.

DETAILED ANALYSIS: This an in depth analysis of determining the costs or benefits of being an S Corporation or a Partnership/LLC/Sole Proprietorship. This report is excellent to keep in the file for documentation or to show to detail oriented clients.

INPUT REPORT: This report can be used to verify what data have been input into the program.

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Current Version

Most current version: SVP2012.10 released on December 30, 2011.
 

Version History

Version SVP2012.10

12/20/2011

Revised for 2012 tax computations. Exceptions: Since this software is to assist in long - term decision making, certain unusual one - time 2012 law changes have been excluded. These 2012 only changes are the reduction of the employees Social Security withholding by 2% and the related changes to Self Employment Tax and the Deduction for Self Employment tax. The program does include the 2012 tax rate tables, exemption amounts, standard deductions and AMT exemptions as published by the IRS.

Version SVP2011.10

11/5/2016

Revised for 2011 tax computations. Exceptions: Since this software is to assist in long - term decision making, certain unusual one - time 2011 law changes have been excluded. These 2011 only changes are the reduction of the employees Social Security withholding by 2% and the related changes to Self Employment Tax and the Deduction for Self Employment tax. The program does include the 2011 tax rate tables, exemption amounts, standard deductions and AMT exemptions as published by the IRS.

Version SVP2010.11

Revised for 2010 law and tax rates..

12/17/2009 & 2/15/2010

Version SVP2009.10

Revised for 2009 law and tax rates..

12/3/2008

Version SVP2008.10

Revised for 2008 law and tax rates..

1/12/2008

Version SVP2007.10

Revised for 2007 law and tax rates..

11/29/2006

Version SVP2006.10

Revised for 2006 law and tax rates..

11/5/2016

Version SVP2005.10

Revised for 2005 law and tax rates..

1/4/2005

Version SVP2004.10

The initial release.

9/14/2004

Requirements

Microsoft Windows.

Limitations

Please refer to online manual.

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