Independent consultants and coaches often earn good money with very low overhead, which makes tax planning one of the biggest levers they have. Epsilon Accounting Solutions helps consultants and coaches set up the right structure, keep simple books, and stop overpaying self-employment tax.
Where We Help Most
- Deciding when an S-Corp election makes sense and setting a reasonable salary.
- Quarterly estimated taxes calculated from actual income, not guesses.
- Home office, travel, software, and continuing education deductions tracked and supported.
- Retirement plans such as a Solo 401(k) or SEP IRA to shelter more income.
- Simple bookkeeping that takes minutes a month to keep current.
The Self-Employment Tax Problem
As a sole proprietor, every dollar of profit is subject to self-employment tax on top of income tax. Once profit reaches a certain level, an S-Corp election with a reasonable salary can lower that bill meaningfully. We run the comparison with your real numbers and handle the election, payroll, and filings if the switch makes sense. See our S-Corp services for details.
What Working With Us Looks Like
Most consulting or coaching clients send documents through our secure portal and hear from us once a month with clean reports and any questions. Before key deadlines we check in on estimated taxes and planning moves, so tax season is a review of work already done rather than a rush to catch up.
What We Provide
- Monthly bookkeeping and financial statements
- Business tax preparation
- S-Corp formation and tax planning
- Payroll services
- Part-time CFO guidance for growth decisions
We work with consultants and coaches in Edmond, Oklahoma City, and across Oklahoma, and serve clients in other states virtually. See the other industries we serve.
Let’s look at your numbers together. Call (405) 458-8949 or schedule a consultation.