Newby here - S Corp Employer Tax Obligation

Okay folks, I just started a brand new Corporation in Illinois and we elected to be taxed under subchapter S.



Can anyone please help me understand the different taxes that the COMPANY has to pay to the IRS and State Dept of Revenue.



I know that we have to pay 7.65% medicare and file our payroll taxes quarterly. But other than that, I am not aware of any other tax obligation that the business has to pay. (Personal taxes are out of scope for this one, Ill save that for another thread...lol)



Thank you very much