Should your business elect S corporation status? What to consider first
An S corporation election can make sense for profitable businesses — but it adds payroll, cost, and complexity. Here’s how to think through the decision.
CPA · Troy, Michigan · Nationwide
Full-service accounting, tax strategy, bookkeeping, and financial guidance for entrepreneurs, growing businesses, and individuals — in Metro Detroit and across the country. Work directly with a CPA who knows your numbers all year, not just in April.
Prefer email? alec@albannacpapllc.com
Accounting. Tax. Strategy. One responsive CPA.
For businesses and individuals across the United States.
Why Albanna CPA
Most businesses end up choosing between a large firm that feels impersonal and a seasonal preparer who disappears after April. Albanna CPA is built to be neither.
01Experience
A decade of accounting and tax work means fewer surprises, sharper questions, and answers grounded in how things actually play out.
02Business perspective
Experience working with larger companies and sophisticated accounting environments — brought to businesses that deserve the same rigor without the bureaucracy.
03Tax strategy
The best tax decisions are made while there’s still time to act. Planning is built into the relationship, not sold as an afterthought.
04Responsiveness
Questions go to the CPA who knows your file — not a general inbox or a rotating cast of staff. You shouldn’t have to wait until spring for an answer.
More than tax preparation
A tax return is a summary of a year that’s already over. By the time it’s prepared, most of the decisions that shaped it have been made.
Albanna CPA works on everything underneath: the books, the reporting, the cash, the structure, and the plan — so you understand what’s happening inside your business while you can still do something about it.
Know where your business stands.
Know what’s coming next.
Services
For business owners
Accounting and tax rules are complicated. Your decisions don’t have to be. Alec translates the technical into the practical — what it means, and what to do about it.
What the accounting says
What it means for you
The accounting says“Net income is up, but the bank balance is down.”
What it meansProfit and cash aren’t the same thing. We’ll show you exactly where the cash went — receivables, inventory, debt, or distributions.
The accounting says“S corporation shareholders must take reasonable compensation.”
What it meansIf you’re an S corp owner, your salary matters. We’ll help you set one that’s defensible and makes sense alongside distributions.
The accounting says“Estimated payments are due in April, June, September, and January.”
What it meansYou’ll know what to set aside and when — so tax payments are planned transfers, not emergencies.
The accounting says“Accounts should be reconciled monthly.”
What it meansThe numbers you make decisions with will match reality. No guessing, no year-end cleanup scramble.
Tax planning
Every situation is different, and no one can honestly promise a specific result. Planning is about making informed decisions deliberately — with enough time to make them well.
Regular check-ins during the year to review results and flag decisions with tax consequences.
What to set aside, when to pay, and how to stay ahead of underpayment penalties.
Timing, deductions, owner compensation, and retirement options — evaluated with your full picture in view.
Whether your current structure still fits, and when an S corporation election might make sense.
Tax is a cash expense. Planning for it keeps it from colliding with payroll or growth.
The goal is simple: no unexpected bills, no missed opportunities you only hear about in April.
At every stage
01 · Starting
Entity selection, accounting setup, and first-year tax planning — the decisions that are hardest to undo later.
Learn more about support for starting businesses02 · Growing
Monthly bookkeeping, payroll, and reporting that scale as revenue, staff, and complexity increase.
Learn more about support for growing businesses03 · Established
Better reporting, compliance, and financial visibility — plus planning that reflects what the business has become.
Learn more about support for established businesses04 · Planning ahead
Expansion, new partners, major purchases, or transitions — evaluated with the financial and tax implications in view.
Learn more about support for planning ahead businessesNationwide
Meet by video
Conversations happen on video calls, scheduled around your day.
Share documents electronically
No office visits or mailed paperwork required.
Multi-state, handled
Filings in the states where you have obligations — not just Michigan.
ET
EasternHome base — Troy, MI
CT
Central
MT
Mountain
PT
PacificPlus Alaska & Hawaii
Meet your CPA
Albanna CPA is built around something that’s surprisingly hard to find: a CPA with real depth in tax and business accounting who is also easy to reach and easy to understand.
With about a decade of accounting experience — including work with larger companies and sophisticated accounting environments — he brings a business perspective to every client, from first-year entrepreneurs to established companies and individuals.
Small, growing, and established businesses across many industries — including e-commerce and online businesses, real estate, contractors and construction, restaurants, medical and dental practices, agencies, professional services, and family-owned businesses. If you’re not sure whether we’re a fit, ask.
Yes. The firm is based in Troy, Michigan, and works with clients throughout the United States. Meetings happen by video and documents are exchanged electronically, so where you’re located doesn’t change the experience.
Yes. Much of the practice is focused on business owners, but we also prepare and plan individual returns, especially for people with more involved situations such as multiple income sources, rental properties, or income in more than one state.
Yes, and it’s central to how we work. Planning happens during the year, when there’s still time to make decisions — not only when the return is being prepared.
It starts with a quote request, a consultation request, or an email. We’ll talk through your situation and what you need, agree on scope and pricing, and then get you set up — including gathering documents and access to your accounting systems.
Resources
An S corporation election can make sense for profitable businesses — but it adds payroll, cost, and complexity. Here’s how to think through the decision.
Who needs to make estimated tax payments, when they’re due, how safe harbor rules work, and how to plan so April isn’t a surprise.
Profit and cash flow measure different things. Here’s why a business can show a profit and still struggle to make payroll — and what to look at instead.
The Albanna CPA newsletter
Occasional, plain-English updates — planning reminders, deadlines worth knowing, and new articles. No filler.
We’ll only use your email for Albanna CPA updates. Ask to be removed any time by emailing alec@albannacpapllc.com.
Tell us about your business or your situation. You’ll hear back from Alec directly — not a sales team.
Or email alec@albannacpapllc.com