FOR BUSINESS OWNERS
Your Business Compensation Can Affect More Than Your Taxes
If you own a business and control how you are compensated, the amount of income you report for Social Security purposes can affect both the payroll taxes you pay today and the Social Security benefits you may receive in retirement.
The Business Owner Social Security Analysis helps you compare compensation scenarios, projected Social Security benefits, and filing strategies so you can see the tradeoffs more clearly.
Professional RSSA® and SETARA® analysis • Personal results consultation included
See How Your Compensation Decision Can Affect Your Social Security
For business owners, today's compensation decisions can have long-term consequences.
YOUR BUSINESS COMPENSATION
PAYROLL TAXES TODAY
SOCIAL SECURITY EARNINGS
PROJECTED FUTURE BENEFITS
YOUR LONG-TERM RETIREMENT VALUE
SETARA® analysis helps bring these pieces together so you can compare the tradeoffs between different compensation strategies.
See The Cost Alongside The Benefit
Higher compensation may increase projected Social Security benefits, but it can also increase payroll taxes. This illustrative SETARA® analysis shows why both numbers matter.
"The important question isn't simply how much more Social Security you might receive. It's how much additional payroll tax you may pay to receive it."
Illustrative analysis based on actual SETARA® scenario calculations. Results depend on individual circumstances and assumptions and will vary. Payroll taxes and projected lifetime benefits are different financial measures; this comparison is not a calculation of net investment return or a compensation recommendation.
$111,538
$28,598
Current Compensation — $60,000/year
$156,940
$69,530
Adjusted Compensation — $91,520/year
Projected Future Payroll Taxes
Projected Additional Lifetime Social Security Benefits
See The Tradeoff Before You Make The Decision
Here's an illustrative example from an actual Business Owner Social Security Analysis.
A Higher Social Security Benefit Isn't The Whole Story.
In this example, increasing compensation produced a higher projected Social Security benefit — but it also produced substantially higher payroll taxes. The Business Owner Social Security Analysis helps you see both sides of the decision.
Illustrative example based on an actual SETARA® analysis. Results depend on individual circumstances and assumptions and will vary. This analysis is educational and does not provide tax, legal or accounting advice.
CURRENT COMPENSATION
$60,000 / year
Projected Monthly Social Security Benefit
$6,088
Projected Lifetime Social Security Benefit Increase
$28,598
Projected Future Payroll Taxes
$111,538
ADJUSTED COMPENSATION
$91,520 / year
Projected Monthly Social Security Benefit
$6,352
Projected Lifetime Social Security Benefit Increase
$69,530
Projected Future Payroll Taxes
$156,940
+$264 / MONTH
Projected Social Security Benefit
+$45,402
Additional Future Payroll Taxes
What Your Business Owner Analysis Examines
We bring your business compensation and Social Security picture together in one analysis.
The goal isn't simply to minimize payroll taxes or maximize a Social Security check. It's to understand the relationship between the two.
YOUR COMPENSATION
Compare your current compensation with alternative compensation scenarios.
PAYROLL TAX IMPACT
See the projected payroll-tax cost associated with different compensation levels.
SOCIAL SECURITY IMPACT
See how future covered earnings may affect your projected Social Security benefits.
CLAIMING STRATEGY
Compare Social Security filing strategies using your actual earnings history and personal circumstances.
What You Receive
A comprehensive look at your Social Security claiming strategy and the potential impact of your business compensation decisions.
YOUR PERSONALIZED SMART REPORT
Receive your complete Individual Smart Report — or Couple's Smart Report if married — comparing your Social Security filing options using your actual earnings history and personal circumstances.
SETARA® BUSINESS OWNER ANALYSIS
Compare how different compensation scenarios may affect payroll taxes and projected Social Security benefits.
COMPENSATION SCENARIOS
Compare your current compensation with alternative future compensation levels.
PAYROLL TAX & BENEFIT COMPARISON
See the projected payroll-tax cost alongside the potential change in future Social Security benefits.
TWO ANALYSES. ONE COMPLETE PICTURE.
Your Social Security claiming analysis and SETARA® Business Owner analysis work together to show both your filing strategy and the potential impact of your business compensation decisions.
PERSONAL RESULTS CONSULTATION
Meet one-on-one for a 30–45 minute Zoom consultation with Mark Goodwin, RSSA®, to review your analysis and answer questions about the results.
Married? Your Couple's Smart Report Is Included
Your Business Owner Social Security Analysis includes our complete Couple's Smart Report — offered separately for $497 — plus your SETARA® Business Owner Analysis and personal results consultation.
ONE ANALYSIS. NO PRODUCTS TO SELL. NO CROSS-SELLS.
Work With Your CPA - Not Around Your CPA
Your CPA or tax professional understands your business and tax situation. Your RSSA® understands how your earnings history, future compensation and filing decisions interact with Social Security.
The Business Owner Social Security Analysis gives you additional information you can use when discussing compensation and retirement decisions with your tax professional.
YOUR CPA
TAX PROFESSIONAL
Business & Tax Strategy
YOUR RSSA®
Social Security Analysis
A MORE COMPLETE PICTURE
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The Smart Report does not provide tax, legal or accounting advice and does not determine or recommend a specific salary, wage, distribution or business structure. Compensation and tax decisions should be reviewed with a qualified tax professional.
Is This Analysis Right For You?
This analysis is designed for business owners whose compensation decisions can affect their Social Security earnings record.
In fact, this analysis may be especially useful while you still have working years ahead of you — when compensation decisions can still affect your Social Security earnings record.
You own an S Corporation or closely held business
You have some control over how you compensate yourself
You receive W-2 wages or other Social Security-covered earned income from your business
You expect to continue working for several more years
You want to understand the relationship between payroll taxes today and Social Security benefits later
You don't have to be ready to file for Social Security.
BUSINESS OWNER SOCIAL SECURITY ANALYSIS
See What Your Compensation Decisions Could Mean For Your Retirement
Bring your business compensation, Social Security earnings history and claiming strategy together in one personalized analysis.
✓ Personalized RSSA® Roadmap
✓ SETARA® Business Owner Analysis
✓ Compensation Scenario Comparisons
✓ Payroll Tax & Social Security Benefit Analysis
✓ Personalized Written Reports
✓ 30–45 Minute Personal Results Consultation
No Social Security Number Required
One Purpose. One Focus. No Sales Pitch.
The Smart Report does not sell investments, annuities, insurance or financial products through this service.
The Business Owner Social Security Analysis is provided for educational and informational purposes. It does not provide tax, legal, accounting, investment or financial advice. Results are based on information and assumptions used in the analysis and may change if those assumptions change. Compensation, tax and business-structure decisions should be reviewed with a qualified tax professional.
$2,000
One-time fee