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I have had a S Corp for years, and really the only real benefit I find is maybe some protection via the corporation from personal losses should there be a suit of any kind....I have to pay employer's share of W-2 taxes, Withholdings, Medicare, FICA...all of the normal....as a Schedule C, you have to pay your SE taxes....my accountant tells me there is a substantial savings to the S Corp, but I really haven't seen it....I THINK!
You need a good interview with your tax man to decide what to do...I keep thinking of going back to the Schedule C, but I do like it that he does my books....
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