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Collective Webinars

Webinar Recap: Health Insurance Open Enrollment, Simplified for Solopreneurs (October 14, 2026)

Recap of Collective’s October 14, 2026 webinar. Marissa Achanzar, Strategic Content & Education Lead at Collective, hosted alongside…

Oct 15, 2026 · 7 min read
Newsletter

Health Coverage Decisions for Solopreneurs Start Earlier Than You Think

One deadline wraps up last year’s taxes, the next sets your 2027 health coverage. This week's newsletter covers…

Sep 30, 2026 · 4 min read
S Corp Articles

What Is the 2% Shareholder Health Insurance Rule for S Corps?

If your S Corp pays for your health insurance, the IRS won’t let you treat it like a…

Sep 14, 2026 · 3 min read

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First, tell us about your business

Net profit = Total revenue - total expenses

  1. Find total revenue. Add up all money your business earned from sales of goods or services during the year.
  2. Subtract your expenses. Deduct all business costs like supplies, rent, utilities, software, contractor payments, and loan interest.

An estimate is fine, you don't need exact figures.

W2 employees are people on your payroll

You withhold income tax, Social Security, and Medicare from their paychecks, and they get a W-2 form from you at the end of the year.

Don't count yourself (even if you pay yourself a salary) or 1099 contractors and freelancers.

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We are experts in the unique needs and challenges of self-employed people and know that our confidence gives others confidence, too. Reach out to say hello and join our team.

We are experts in the unique needs and challenges of self-employed people and know that our confidence gives others confidence, too. Reach out to say hello and join our team.

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Collective provides a suite of tools, back-office support, and general information. Our services are not intended as tax, legal, or professional advice.

* Savings estimates reflect the average 2023 federal self-employment (SE) tax savings for Collective members with an S Corp tax election, based on business profits that would've otherwise been subject to SE tax. Actual savings will vary based on individual circumstances.

** Based on data sourced from Shopify blog, QBO Essentials, QBO Live, Gusto, Taxfyle, Intuit "Tax Pro" Research, LegalZoom and JustAnswer.com as of August 2025.

† Individual tax return packages are billed as an annual, one-time add-on fee.

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