Tax savings for the self-employed

We handle company formation, taxes, accounting, compliance and more. Our trusted advisors have saved our members an average of $16,845* in taxes.

We help our clients save an average of $16,845* in taxes every year and stop worrying about the bookkeeping and tax side of running their business

How does it work?

Learn more  →

Estimate your tax savings

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How it works

Here at Collective we’re kind of obsessed with S Corps. Why? Because the way you organize your business makes a big difference on how much you pay in taxes. And for some self-employed businesses, forming an S Corp could lead to big tax savings.   

But, most people don’t take advantage of the benefits of S Corps because the right setup takes time and money - forming an entity, creating a business bank account, setting up payroll, organizing your books and more.  Using technology, real bookkeepers and tax advisors, Collective makes setting up and running your S Corp simple and affordable.
1
Calculate your potential tax savings
Answer a couple of questions about yourself and your business to calculate your potential tax savings by becoming an S Corp and running your business with Collective.
2
Talk to a Collective Advisor
Talk to a new business advisor to understand where you can save money and make sure a Collective membership is right for you.  We only accept members that we’re confident we can partner with to save them time and money.
3
Organize your S Corp
Easily organize your S Corp with our online wizard. We'll also help you get an EIN, business license and open a business bank account. If you have questions, your trusted advisors will be there every step of the way.
4
Meet your team and set up your personalized back office system
Meet your accounting and tax team, who will help you set up your payroll, bookkeeping tools and file your business and personal tax returns. QuickBooks and Gusto subscriptions are included with no extra charge along with our platform.

You’ll also be assigned a dedicated Member Relationship Manager who will be your single point of contact for your tax and financial questions.  They're available anytime to answer any questions and help you when you need it most.
5
Four check-ups every year
Your team will do a financial check-up with you four times a year to help you close your books and evaluate your finances. They’ll advise you on how much to pay yourself, calculate your quarterly taxes and help you stay on track with your tax payments.
6
Get personalized advice and peace of mind, any time
With a dedicated finance team and tools built for your success, you’ll run your business confidently knowing that our tax advisors have your back, no matter what.  Message our Member Relationship Manager anytime if you have questions on tax, compliance, or even the newest government program to get loans related to COVID - we’re here to help.
Jenna Van Hout - Hyke review
— Collective helped me setup my business, gives me professional support and answers my questions about taxes. Tasks that I'd consider annoying to do myself are now automated and easy.
Jenna Van Hout
Freelance Visual Designer

How much it costs

Everything you need in one place, for one affordable monthly price.
Collective is tax deductible and pays for itself within months.
$269
$349/month

$2,748 /year (save 15%)

Formation

1:1 call with a tax advisor (EA or CPA)
Filing a single-member LLC in your state
Operating Agreement
Tax ID Number (EIN)
Registered Agent fees

Tax

Tax estimates and salary recommendations (four times a year)
Owner paycheck calculator
Business income tax returns (federal and states)
Individual income tax returns (federal and states)
Year-round advice to maximize tax savings

Finance

Advice, set up and access to affiliated partners for:
Retirement Plans (Solo 401k, 401k, Roth IRA)
Health and Life benefits
Insurance- professional liability, errors and omissions, and umbrella policies

Accounting

Quickbooks Online Essentials ($40/m value)
Customized set-up and training for QuickBooks Online
Import of pre-Collective income and expenses to QuickBooks
3rd party financial and tax verification by a CPA (for mortgage or adoption applications)

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 

Payroll

Gusto Core plan ($45/m value)
Gusto payroll system training
Automated payroll
Unlimited payroll runs
Issue and file W-2s and 1099s
Automatically report new hires to the government
State-level employer registration
Ongoing payroll support

* Based on average estimated tax savings of active Collective users with over $80,000 net revenue in 2019 ($12,217) and potential savings declared by Intuit Quickbooks TY17 US subscribers that have identified >$10,000 in income and >$0 in business expenses ($4,628)