Tax Advisor for Cleveland
Scorpio Tax Management specializes in
Tax Preparation for S-Corps and LLCs
Proactive Tax Planning and Problem Solving
assisting business owners and high-income individuals in all of Ohio
Reach out to us now, we are extremely responsive.
IRS-licensed to advise taxpayers in all 50 states
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Looking for a Tax CPA/EA in Cleveland?
Scorpio Tax provides virtual tax preparation, bookkeeping, payroll, and ongoing ad-hoc tax support to Cleveland-based businesses of every entity type: S-Corps, C-Corps, LLCs, and sole proprietors. We provide flatrates for most tax matters.
Phone: + 1 (858) 779-4125
Email: Tax@S-CorpTax.com
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Tax Guidance for Owner/Operators
Prof. Dr. Jörn Kleinhans, an IRS-Enrolled Agent, leads Scorpio Tax with a specialization on the tax needs of S-Corp owners. See ABOUT. Our services include tax planning, return filing, bookkeeping, payroll, and advisory support.
Call or email us now!
We can usually discuss right away. -
Ohio and the Cleveland Metro Area
Cleveland supports a diverse business community spanning manufacturing, healthcare, biotechnology, professional services, construction, real estate, and hospitality.
LLCs are very popular among small-business owners, and profitable owner-operated businesses in Cleveland often consider S-Corporation taxation.
Tax Rules for LLC and S-Corp Owners
in Cleveland, Ohio
Ohio business owners face a tax picture that differs from most states. Ohio has no corporate income tax. It levies the Commercial Activity Tax (CAT), a gross receipts tax that applies once a business’s Ohio receipts exceed an annual threshold, regardless of profit. Pass-through owners of S-Corps and LLCs can often take Ohio’s business income deduction, which exempts a significant portion of business income from state income tax. The state’s optional pass-through entity tax election can also help owners work around the federal cap on deducting state and local taxes. Many Ohio cities, including Cleveland, add a municipal net profit tax on business income, and municipal filing rules for pass-through entities vary by city. School district income taxes may apply to owners’ personal returns.
Choosing the right entity structure, setting a reasonable S-Corp salary, and filing each state, city, and federal return correctly can change an owner’s total tax bill by thousands of dollars each year.