Payroll & Salary

Payroll Planning Tools

Find your S Corp reasonable salary, understand payroll taxes, and compare the true cost of contractors vs. employees.

Reasonable Salary Estimator

The IRS requires S Corp owner-operators to pay themselves a "reasonable salary" before taking profit distributions. Setting this too low is a red flag for audits.

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S Corp Tax Savings

Enter your income and chosen salary to see your estimated FICA savings vs. operating as a sole-prop LLC.

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Pre-filled from salary estimator above when you enter revenue.

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Florida: No state income tax
2025 Rates:
Social Security wage base: $176,100
SS rate: 6.2% each (employer + employee)
Medicare: 1.45% each (+ 0.9% over $200k employee)
FUTA: 0.6% on first $7,000
FL SUTA: 2.7% on first $7,000 (new employer rate)

Payroll Tax Breakdown

TaxEmployee PaysEmployer Pays
Total Payroll Taxes

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True Cost Comparison

CostW-2 Employee1099 Contractor
Total Annual Cost
⚠️ IRS Classification Warning: Misclassifying an employee as a 1099 contractor can result in significant back taxes, penalties, and interest. If you control how, when, and where the person works, they may legally be an employee.