Owner payroll for S corporations
Run your owner payroll when you need it. No subscription.
Prepare your S corp owner payroll, get the tax calculations and professional records, and pay once for the year or only when you run payroll.
- No subscription
- No account
- Up to 5 employees
- 1Employer
- 2Employees
- 3Calculate
- 4Review
Cedar Ridge Studio Inc.
Earnings Statement
- Accurate calculationsFederal, state and payroll taxes for S corp owners.
- Professional recordsYour pay statement, and the 941, 940 and W-2 figures.
- Bookkeeper readyOrganized records and easy CSV export.
- Pay only for what you runOne payment for the year, or $7.99 a run. No subscription, no account.
One employee should not cost a monthly payroll bill.
Payroll subscriptions charge a base fee every month, even when the only person on payroll is you. Owner Payroll is one payment for the year.
Published list prices for one employee, checked October 26, 2026. Gusto and OnPay also deposit and file the taxes for you; with LeoFolio and Patriot Basic Payroll you make the deposits and filings yourself, using the figures prepared for you. Sources
See every payday, deposit and deadline.
Enter the yearly salary you decided to pay yourself. LeoFolio spreads it over your paydays and shows Social Security and Medicare on each payment, federal and state unemployment, the federal deposit dates and the filing deadlines. Income tax withholding depends on your Form W-4 and is calculated in each Pay Run.
Sample: a $60,000 salary paid monthly for a full year. Enter yours and press "Show my schedule".
| Payday | Gross salary | Your Social Security & Medicare | Company Social Security & Medicare | FUTA | State unemployment | Deposit due |
|---|
Deadlines
Deposit dates assume you are a monthly depositor (most new employers). If your total taxes for a quarter are under $2,500 you may pay them with Form 941 instead. Figures are estimates for planning; each Pay Run calculates the exact amounts. LeoFolio does not pay you, move money, make deposits or file returns.
Set it up once. Then repeat it each payday.
Plan and get the pass
Decide your salary with your adviser, add the paydays to your calendar, and pay $79 once.
Covers the whole yearRun payroll on each payday
Open Pay Run, confirm the period and complete it with your pass instead of paying per run. Your statement and records download right away.
Year to date carries forwardDeposit and file
Deposit the taxes through EFTPS by the date shown. Each quarter, Pay Run adds your runs up into the Form 941; in January, the 940 and your W-2.
Figures ready when you need themWhat the pass gets you.
The same records a full payroll service gives you, from the same engine as every LeoFolio Pay Run.
Get the pass.
The pass covers the calendar year you buy it in. Bought from October 1, it also covers the next calendar year.
Before you get the pass.
Who is Owner Payroll for?
An S corporation, or an LLC that elected S corporation taxation, whose only employee is the owner. If you hire someone, runs that include them use a regular Pay Run at $7.99.
Why do I need payroll at all?
If you work in your S corporation, the IRS expects you to take a reasonable salary through payroll, with income tax, Social Security and Medicare withheld, before taking distributions. That means paydays, tax deposits, a Form 941 each quarter, a Form 940 and a W-2 each year. Owner Payroll prepares all of it.
Does LeoFolio decide my salary?
No. The salary is your decision, ideally with your tax adviser. The IRS explains reasonable compensation on its S corporation compensation page.
Does LeoFolio pay me, deposit taxes or file returns?
No. LeoFolio prepares the payroll, the records and the figures. You pay yourself, make federal deposits through EFTPS and file Forms 941, 940, W-2 and W-3. The Social Security Administration's free W-2 Online files the W-2 and W-3.
What if the corporation pays my health insurance?
For an owner of more than 2% of an S corporation, those premiums are generally added to W-2 box 1 but not to Social Security and Medicare wages. Pay Run does not add them automatically; ask your adviser how to report them.
What happens when the pass ends?
Nothing renews and nothing is charged. Buy a new pass if you want to keep using Owner Payroll, or pay $7.99 per run.
What about next year's tax tables?
Pay Runs use the official rules for each year. A pass that covers 2027 works for 2027 Pay Runs once LeoFolio adds the 2027 federal and state tables, which the IRS usually publishes in December.
Your salary, on schedule, for $79.
Plan the year now. Run your first owner payroll on your next payday.