Here’s how S-Corp saves me money on Taxes. My subsidiary LLC makes money by selling a product, but it passes money to my holding company. This holding company collects all my money. This way, I can take advantage of the S-Corp pass-through tax benefits by paying myself a distribution and a salary. However, setting up an S-corp can feel like a complicated process. you've got to create a payroll account, put yourself on payroll, put money in the payroll account and file an additional tax return. I