Small Business & Self-Employed Taxes

Running a business in Savannah means your taxes are never just once a year. Between quarterly estimates, self-employment tax, payroll, and choosing the right entity, small-business taxes are where owners lose the most money to avoidable mistakes. Bottom Line Taxes handles it all — business return preparation, quarterly planning, and year-round advice — so you keep more of what you earn and stay compliant with the IRS and the Georgia Department of Revenue. Led by Ron Webber, a U.S. Air Force veteran with 40+ years of experience serving coastal Georgia's self-employed and small businesses.

Business Tax Preparation for Every Entity

We prepare returns for sole proprietors and single-member LLCs (Schedule C), partnerships and multi-member LLCs (Form 1065), and S-Corporations (Form 1120-S), plus the personal returns that flow from them. Whether you're a contractor, freelancer, retailer, or service business, we make sure every legitimate deduction is captured and every form is filed correctly and on time.

Self-Employment Tax — What You Actually Owe

If you're self-employed, you pay both the employer and employee share of Social Security and Medicare — 15.3% self-employment tax on top of income tax. It surprises a lot of first-year business owners. We calculate it accurately, make sure you're taking the deductions that reduce it (including the deduction for half of the SE tax itself), and help you decide whether an S-Corp election could lower it as your profit grows.

Quarterly Estimated Taxes — Never Get Caught Short

The IRS expects business owners to pay tax as they earn it, in four quarterly installments (roughly April 15, June 15, September 15, and January 15). Miss them and you face underpayment penalties; overpay and you've handed the government an interest-free loan. We calculate the right quarterly amount based on your real numbers, set you up with reminders, and adjust as your income changes through the year.

Choosing the Right Entity: LLC vs. S-Corp

The way your business is taxed can be worth thousands of dollars a year. A single-member LLC is simple but pays full self-employment tax on all profit; electing S-Corp status can shift part of that profit to distributions that aren't subject to SE tax — but it adds payroll and filing requirements. There's a break-even point, and it's different for every business. We model your numbers and recommend the structure that actually saves you money, not just the one that sounds good.

The $600 Rule and 1099-K Reporting

If you take payments through Venmo, PayPal, Cash App, Stripe, or a marketplace, you may now receive a 1099-K reporting those transactions to the IRS. That doesn't change what's taxable — but it does mean your reported income needs to match, and personal transfers shouldn't be mixed in. We help you reconcile 1099-Ks, separate business from personal, and report everything cleanly so a mismatch doesn't trigger a notice.

Year-Round Advice, Not Just April

The biggest tax savings for a business happen before December 31, not at filing time. We work with our business clients throughout the year — timing purchases, planning retirement contributions, tracking deductions, and keeping your books ready — so tax season is a formality, not a fire drill. Call Ron or Meagan at (912) 313-1711 to talk through your business.