Maximizing S Corporation Tax Benefits with Professional Tax Software

The article explains how AI-powered professional tax software can help tax preparers identify S Corporation tax benefits for clients. By splitting income between wages and distributions, S corp structures reduce payroll tax liabilities, providing significant tax savings compared to sole proprietors. The software automates the analysis, saving time and offering new revenue opportunities for tax professionals through advisory services like S corp setup, tax planning, and compliance. This transition enhances profitability while delivering high-value services to clients.