Professional tools for Tax Strategy · Bookkeeping · Estate Planning · Business Financing. Get instant estimates — no signup required.
Find out how much self-employment tax you could eliminate by electing S-corp status
Calculates SE tax savings based on your net profit and reasonable salary
Estimate how much HFG's proactive tax strategy could save you annually
Based on deductions and strategies commonly missed by self-filing business owners
Compare the real cost of DIY bookkeeping vs. professional services
Includes your time value, error costs, and missed deductions
Estimate monthly payments and total interest for business financing
SBA loans, term loans, lines of credit — see your true cost of capital
Side-by-side comparison of the most common business structures for NC business owners
Understanding your entity choice is one of the highest-leverage tax decisions you'll make
| Feature | Sole Prop | Single-Member LLC | S-Corporation | C-Corporation |
|---|---|---|---|---|
| Formation Cost (NC) | $0 | ~$125 | ~$125–$500 | ~$125–$800 |
| Self-Employment Tax | 15.3% on all profit | 15.3% on all profit | Only on salary portion | No SE tax |
| Pass-Through Taxation | Yes | Yes | Yes | No (double tax) |
| QBI Deduction Eligible | Yes (20%) | Yes (20%) | Yes (20%) | No |
| Liability Protection | None | Yes | Yes | Yes |
| Owner Health Insurance Deduction | Limited | Limited | Yes (W-2) | Yes |
| Retirement Plan Options | SEP-IRA | SEP-IRA | 401(k) + more | All options |
| Complexity / Admin | Minimal | Low | Moderate | High |
| Annual State Fees (NC) | $0 | $200/yr | $200/yr + payroll | $200/yr + more |
| Best For (Net Profit) | Under $30K | $30K–$70K | $70K–$500K+ | $500K+ or investors |
| HFG Can Help? | ✓ Yes | ✓ Yes | ✓ Yes (specialty) | ✓ Yes |
Never miss a deadline — key federal and NC state tax dates for business owners
Sorted by upcoming date — deadlines marked based on today's date
These calculators give you estimates. A 15-minute call with HFG gives you a personalized tax strategy built around your actual business situation.