Business owners may see tax savings by switching to S corporation status. A report examines the financial implications of this change. It considers not only the potential tax savings but also the costs associated with running an S corporation.

The report's findings are based on data from 1-800Accountant clients. It shows that profitability increases with revenue for both S corporations and LLCs.

Further details on the report's findings, including estimated tax bills and revenue ranges, are available from the source.