S Corporation Tax Services


Tax compliance and advisory for S corporations and their shareholders.


S corporations combine business and individual tax considerations. Schmid CPA helps business owners manage corporate tax filings, shareholder reporting, payroll considerations, and tax planning while connecting the return to the company’s underlying accounting and operations.

Form 1120-S & State Tax Returns

  • Preparation and filing of federal S corporation returns and applicable state income and franchise tax returns.

Schedule K-1 Reporting

  • Preparation of shareholder K-1s and review of income, deductions, distributions, and other items passing through to shareholders.

Reasonable Compensation

  • Support with reasonable compensation considerations for shareholder-employees and coordination between payroll and S corporation tax reporting.

Shareholder Basis & Distributions

  • Review of shareholder contributions, distributions, loans, and available information relevant to shareholder basis and tax reporting.

Tax Planning & Estimated Taxes

  • Year-round planning around business income, shareholder compensation, distributions, deductions, and estimated tax obligations.

Ongoing CPA Support

  • Support for tax, accounting, payroll, and business questions that arise throughout the year—not only when the tax return is due.

An S corporation return is closely connected to the accounting and payroll behind it.


Because Schmid CPA provides tax and accounting services, we can look beyond Form 1120-S to understand how transactions were recorded, review shareholder activity, identify potential issues, and help maintain cleaner financial records throughout the year.



For businesses that need additional support, our services can extend from annual tax preparation to ongoing accounting, payroll coordination, and financial reporting.

S corporation taxation does not stop at the business return.


Income and other tax items generally flow through to the shareholders, making coordination between the company and its owners particularly important.


Schmid CPA can help with:


★ S corporation and shareholder tax reporting
★ Schedule K-1 coordination
★ Shareholder compensation and payroll considerations
★ Distributions and shareholder activity
★ Estimated tax planning
★ Business and individual tax coordination
★ Ongoing accounting and compliance support


This integrated approach helps business owners understand how decisions at the company level can affect their individual tax situation.

Some S corporations need annual tax preparation. Others need ongoing accounting, payroll, and tax support throughout the year.


Schmid CPA can support both.


Need help with your S corporation taxes?


Schedule a consultation to discuss your business, shareholders, accounting, payroll, and tax requirements.