The All-in-One Financial Solution for Self-Employed Entrepreneurs
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Unlock Tax Savings and Simplify Your Self-Employed Taxes
For self-employed individuals, understanding and managing self-employment taxes is a crucial part of running a successful business. As a solopreneur, you’re responsible for your own financial well-being, and that includes filing quarterly tax payments and knowing how much to set aside for taxes. It can be a daunting task, but at Collective, we’re here to simplify the process and offer you assistance every step of the way.
Self-employment taxes can be a significant financial burden, but with our all-in-one back office platform, you can take control of your financial future. We provide a comprehensive range of services, including business formation, monthly bookkeeping, accounting, tax preparation, tax planning, and expert tax help, all at an affordable price that’s also tax deductible.
So, how much is self-employment tax, and how much do you need to set aside for taxes? We’ll help you navigate the complexities of self-employment tax returns, making sure you’re taking full advantage of available deductions and credits while staying compliant with tax regulations. Our personalized tax planning services are designed to minimize your tax liability, putting more money back into your business.
Pricing
Collective is tax deductible and pays for itself within months.
Annual Plan Save 15% with annual billing
$296 / month
Monthly Plan
$349 / month
How It Works
Find out if we’re a match
Verify information about yourself and your business to see if we’re a good match for your current needs.
Set your business up for success
A team of experts is waiting to welcome you and help set up your S Corp, payroll, and books.
Focus on your passion and not your paperwork
Focus your time on what you love, knowing your taxes and bookkeeping are taken care of.
What We Offer
Business Formation
- LLC formation in your state
- Creation of an operating agreement
- Obtain Your Tax ID Number (EIN)
- File an S Corp election with the IRS
- Employer Registration in your state
- Provide a registered agent for your business
- Alerts for annual compliance filings
Self employed taxes
- Quarterly tax estimates
- Annual salary recommendations
- Owner paycheck calculator
- Business income tax returns (federal and states)
Self employed accounting
- Set-up company books and payroll
- Bookkeeping and payroll training
- 3rd Party Verification by CPA for lending purposes
Self employed bookkeeping
- Monthly categorization of business transactions
- Reconciliation of business bank and credit card accounts
- Expert review of financial reports
- Financial reports package delivered monthly
- Close books at end of year and prepare for taxes
Self employed payroll
- New hire reports filed with State
- Preparation and filing of quarterly payroll returns
- Gusto subscription for payroll ($45/month value)
- Gusto payroll system training
- Automated payroll
- Unlimited payroll runs
- Issue and file W-2s
Business support
- Free consultation with a tax advisor
- Year-round bookkeeping, payroll, accounting and tax support
- A member relationship manager
- Newsletters, resource guides, and educational webinars
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Collective is a real game-changer for anyone who needs help with business services. It’s extremely easy to use and makes it so simple to understand taxes, bookkeeping, reimbursements, travel expenses, and more!
As an entrepreneur, I’m always looking for solutions that help me optimize my workload without sacrificing quality and time – and Collective does just that! Highly recommended!
* Based on the average 2022 tax savings of active Collective users with an S Corp tax election for the 2022 tax year
** Based on data sourced from Shopify blog, QBO Essentials, QBO Live, Gusto, Taxfyle, Intuit "Tax Pro" Research, Legal Zoom and JustAnswer.com as of August 2023.