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S-Corp Tax Prep Services in Katy / Fulshear, TX

We are a full suite tax preparation and tax planning and accountingand bookkeeping firm. Please choose a tax service below to learn more.

An S-corporation, also known as an S-corp, is a pass-through entity. Corporations set up this way share the income, deductions, profits and losses of a corporation with it's owners. Shareholders are able to file their S- corp taxes at personal income tax rates as they pay taxes on their share of the S-corp's income. This allows S- corps to avoid double taxation on the corporate income.

Typically an S-corporation has employees, in this case the company is responsible for withholding federal income tax, Social Security and Medicare taxes from their paychecks requiring an S-corporation to file an IRS Form 941 each quarter to reports total witholdings.

The standard forms included with S-Corp filing are 1120S and Schedule K-1. If an S-corp has employees, a Form 940, Form 941 or Form 1099 may also be required. S-corps will also need to issue a W-2 to employees and Form 1099-MISC to independent contractors.


To qualify for S-corporation tax filing you must:

  • Be a domestic corporation
  • Have only allowable shareholder
  • May be individuals, certain trusts, and estates
  • May not be partnerships, corporations or non-resident alien shareholders
  • Have no more than 100 shareholders
  • Have only one class of stock
  • Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations).

Planning is the key to successfully and legally reducing your corporation's tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

Contact Paramount Tax & Bookkeeping Katy if you'd like to receive more information about our Katy / Fulshear S-Corp Tax Prep Services.

S-Corp Tax Prep Services in Katy / Fulshear

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Katy / Fulshear tax preparation

Paramount Tax & Bookkeeping Katy tax bookkeeper

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Felicia has saved me and my business a lot of money every tax season and makes it easy to do it.
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I used this company last minute as I had not made any progress with my prior CPA! I am a new self employed business women and had worries of making errors! Mrs. Tchokonte was extremely helpful in optimizing my tax write offs and filing them efficiently while meeting the deadline with a short notice. I am extremely tha...
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Felicia is an absolute joy to work with and a consummate professional. She is patient, kind and knowledgeable. I highly recommend her tax services.
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Looking for someone who can help you stay out of hot water with the IRS, Felicia is the perfect choice.Not only has she helped me with my tax preparation and filing, but my entire staff. So if you are looking for someone who is trustworthy and efficient than Felicia is your only choice.
— Tony L Francis, Posted February 8th 2023 on google
Excellent tax and accounting services. Very helpful and knowledgeable. We have been very satisfied with the results. A++ highly recommended for business owners of all sizes.
— Neil Kelley, Posted February 8th 2023 on google
Felicia is amazing! She’s very knowledgeable and approachable. She listened to my tax problems, and submitted the tax within a short deadline. Highly recommended professional!
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Felicia worked with me on setting up my LLC for my first business. She provided very professional and prompt service. I highly recommend Felicia and Paramount Tax for anyone in need of tax and business services.
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Very pleased with Felicia’s knowledge and experience. Thank you!
— Dave W, Posted November 2nd 2022 on google
I had good experience with the Paramount Tax & Bookkeeping. Felicia has done excellent work, got prompt response and completed my YR2021 tax return in time. I will recommend this firm and particularly Felicia to anyone.
— Baskaran S, Posted October 28th 2022 on google
Great, professional service! Highly recommended.
— Dannie Moreno-Lewis, Posted October 18th 2022 on google
Awesome service! I’ve used Paramount in Katy for two tax cycles that included retirement, small business and consulting. Felicia has made the process and my transition much easier and provided expert guidance to help us optimize our taxes. I highly recommend Paramount and look forward to taking advantage of more serv...
— Mark Streeter, Posted October 18th 2022 on google
I’m so happy we went with Parmount!
— Nikki Richardson, Posted September 23rd 2022 on google
Felicia takes her time to understand all the details and explored every opportunity to get the best options.
— U, Posted September 13th 2022 on google
Amazing experience. Felicia is helping with my LLC and SCorp and explained how it works. Prompt service! I highly recommend using her.
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Felecia is a dedicated professional with a very good work ethic. She is very easy to talk with and does great work! Please give her a call for all your bookkeeping needs!
— Cindy Luedecke, Posted July 1st 2022 on google
Felicia is wonderful and is always available to answer any questions I have.
— Kathie Lauhoff, Posted July 1st 2022 on google
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Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 firm in Katy / Fulshear. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Bookkeeping Katy!

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24044 Cinco Village Center Blvd.
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Katy, TX 77494

832-345-6835

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