Tools NG

Entity Planner

The Entity Planner Tool comes with Premier or Professional subscriptions.

It allows you to identify whether an S Corp or pass-through entity (Schedule C, LLC, and Partnerships) is more beneficial for your client where all net profit is subject to Social Security and Medicare taxes. When run with a Reasonable Compensation Report, it can generate an Entity Plan Report as a deliverable for your client.

NOTE: An Entity Plan Report does not deduct from your overall report count.

Using the Entity Planner without a Reasonable Compensation Report

  • Navigate to the Tools tab and select Entity Planner
  • Input the required parameters.
  • If desired, specify the forecasted growth or decline of your client’s Profit and/or Compensation.
    NOTE: To view more information for each parameter, hover over
    NOTE: Required fields include Total Annual Net Profit, Reasonable Compensation, Estimated FUTA & SUTA Tax.
  • Scroll down to view the results which include 10 Year Projected Cost Savings and associated graphs.

Generating an Entity Plan Report with a Reasonable Compensation Report

  • Navigate to the Clients tab and select the Reasonable Compensation Report you will be running the Entity Plan for.
  • Select Generate ESP in the Sub Reports section.
  • Input the required parameters.
    NOTE: The Reasonable Compensation field will contain the wage associated with the client’s reasonable compensation report and is not editable.
  • If desired, specify the forecasted growth or decline of your client’s Profit and/or Compensation.
  • Select Save Changes.
    NOTE: To view more information for each parameter, hover over
    NOTE: Required fields include Total Annual Net Profit, Reasonable Compensation, Estimated FUTA & SUTA Tax.
  • Scroll Up to view the results which include 10 Year Projected Cost Savings and associated graphs.
  • Select View Report PDF to generate an Entity Plan Report.
  • Click Here to view and download a sample Entity Plan Report.

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