Tax Center

Business Tax Planning

Calculate quarterly estimated taxes, compare LLC vs S Corp savings, track deductions, and stay on top of key filing deadlines.

Your Tax Situation (2025)

$
$
$
Florida (FL): No state income tax

Estimated Tax Breakdown

Net SE Income
Self-Employment Tax (15.3%)
Federal Income Tax
Florida State Tax $0 (no state income tax)
Total Annual Tax
Per Quarter (×4)
Effective Tax Rate

Based on 2025 IRS tax brackets and standard deductions. For Florida residents only. This is an estimate. Consult a tax professional for exact figures.

Your Business Income

$
$
IRS requires a "reasonable salary," typically 40 to 60% of net income. See the Payroll tab for benchmarks.

Tax Comparison

LLC (Schedule C)S Corp
SE / FICA Tax Base
SE / FICA Rate15.3%15.3% on salary only
Self-Employment / FICA Tax
S Corp Additional Costs~$1,500/yr
Annual FICA Savings
Net Annual Savings
5 Year Net Savings

Deduction Tracker

Enter your amounts below. We'll calculate your total deductible amount and estimated tax savings.

🏠 Home Office
of × Monthly Rent/Mortgage $
$0/yr
🚗 Vehicle Mileage
× $0.70/mile (2025)
$0
📱 Phone & Internet
$ × %
$0/yr
$
$0
$
$0
$
$0
$
$0
🍽 Business Meals (50% deductible)
$
$0
$
$0
$
$0
$
$0
$
$0

Deduction Summary

Total Deductions$0
Est. Tax Rate %
Estimated Tax Savings$0

Run your Quarterly Estimates to auto-fill your effective tax rate above.

Tip: Keep receipts and records for all deductions. Use a dedicated business bank account and credit card to simplify tracking.

Dates based on 2025 and 2026 IRS calendar. If a date falls on a weekend or holiday, the deadline moves to the next business day.