Small-business taxes, explained like a human.

S corp vs LLC, deductions, and what a CPA actually costs. Plain-English guides for owners, checked against current IRS guidance.

  • Built on IRS publications and instructions
  • Reviewed monthly, dated on every page
  • Independent, with every partner link labeled

LLC or S corp: what's the payroll-tax difference?

Change the amounts to see a rough estimate.

  1. Self-employment tax as a default LLC $12,717
  2. Payroll tax on your salary as an S corp $7,650
  3. Estimated yearly saving from the S electionLine 4 minus lines 5 and 3 $2,067

A simplified illustration of federal SE and payroll tax only. It leaves out income tax, state taxes, the 0.9% additional Medicare tax and the deduction for half of SE tax. Not tax advice.

How the S election works

How these guides are written

Primary sources

Every guide starts with IRS publications, forms, and instructions — not blog posts quoting blog posts.

No credential cosplay

We're not CPAs and don't pretend to be. When a decision needs a professional, we say so.

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Frequently asked questions

Is this site run by accountants?

No. Dollars & Deductions is an independent educational publication. We are not CPAs, tax advisors, or attorneys, and nothing here is personalized tax, legal, or financial advice. When a topic needs a professional, we say so — and our partner links connect you with licensed firms.

How does this site make money?

Through partner referral fees. When you use a link on this site to connect with a tax firm, formation service, or software provider, we may earn a fee from that provider. It never changes what we write, and every monetized link is labeled.

Is the tax information current?

Guides are reviewed at least monthly against current IRS guidance, and each page shows its review date. Tax law changes, so verify anything consequential against current IRS publications or with a qualified professional before acting.