This is an extremely useful tool for small business owners and tax professionals. Simple to use. Easy to understand. Buy now. Download now.
Input the 6 variables and “Presto!”, all your payroll taxes, child tax credits, and 199a deductions are estimated based on 2019 tax tables.
While this model does not incorporate the earned income tax credit, the primary individual income tax and self employment tax drivers are calculated.
This tool is especially helpful for small business owners and tax professionals that want to compare the tax consequences of making an S-Election for a small business owner.
Purchase of the 2019 version also comes with a coupon to purchase next year’s update for only $12.99.