The shape, and only the shape
Nothing in that picture is a person we know. If it resembles you, the pattern is common, and we will not add a name, a city block, or an outcome.
Only the shape of a year, so you can see whether it resembles yours. Picture one person and one company. One checking account in the company name. No employees. No election on file. During the year, money moves to a personal account on a Friday when the household needs it. A few personal charges, including groceries, land on a card that was meant for the shop. Estimates were paid by copying last year's total instead of the four dates.
What we would touch first
We would separate the household transfers from the costs, in the first open month, and we would stop calling them supplies. The profit would move. The self-employment tax on the personal return would move with it. That is a direction, not a figure.
We would put the estimates back on the individual dates and rebuild the next one from closed months. Last year's total divided by four would retire.
We would not open payday. There is no election and there are no employees in the shape. Opening payday would be theater.
What we would not conclude
We would not conclude that an S election is wise, or unwise. The shape does not contain the other income, the hopes for next year, or the owner's taste for a wage. Those arrive in a conversation, or they do not.
We would not conclude that a spouse who 'helps a bit' is a member. The shape does not include an agreement. Without the agreement we have a question, not a partnership return.
If you want this shape worked on your own accounts,
book a call and say which part matches.
Leave out anyone else's numbers. Yours are enough.
See if the shape matches
A note about a shape with nobody's name is enough for us to start from your file.