Hyke

Start by turning your 1099 income into a streamlined business workflow. In Hyke, you answer a short set of prompts about your revenue, expenses, and state, then instantly see a projection of how much you could keep by switching your structure. You’ll get a clear recommendation on whether electing S‑Corp treatment makes sense, what your break‑even salary might look like, and how that affects quarterly payments. Book a call or chat inside the app to walk through the projection with a real tax pro, and lock in an action plan tailored to your field—whether you code, design, write, shoot, or consult.

When you’re ready, click “Set up my company” and follow a guided flow. Pick a business name, confirm your address, and upload an ID. Hyke handles the filings to create your LLC and submit the S‑Corp election, obtains your EIN, and lines up a business bank account so income and expenses stop mixing with your personal funds. You get status updates at each step, e‑sign where needed, and see an estimated timeline. Once your account is live, connect your bank and set your preferred pay schedule; the system suggests a reasonable salary range and flags red‑line scenarios before you commit.

Running day to day is equally direct. Use the salary tool to schedule payroll monthly or biweekly; taxes are withheld automatically and the app tracks how much to reserve for federal and state obligations. Log reimbursements for your home office, phone, mileage, or equipment so they’re captured properly without inflating wages. The dashboard shows three key dials: what you pay yourself, what you distribute, and what’s earmarked for taxes. Before each quarter ends, Hyke calculates estimates, reminds you of due dates, and can initiate payments so you don’t scramble. Upload receipts, tag write‑offs, and see how decisions—like buying a new camera or laptop—change your take‑home in real time.

At year‑end, your assigned preparer organizes everything. You’ll review a simple checklist, confirm final numbers, and let Hyke file the corporate return and your personal piece (including W‑2 and K‑1). If you add a state, switch addresses, or hire help, the team updates registrations and forms so you stay compliant. Common workflows: a developer converting mid‑year and aligning prior payments, a designer launching a new LLC and starting payroll in the same month, a content creator separating sponsorship deposits and automating tax set‑asides, a photographer with seasonal spikes using distributions to smooth cash flow. Throughout, you can message your expert for quick answers on deductions, reasonable comp, or how a big invoice will impact your next payment deadline. The result: a repeatable, low‑friction routine that protects your time and maximizes what you keep.