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5 Simple Wins to Grow Your Bookkeeping Business

5 Simple Wins to Grow Your Bookkeeping Business Download our Simple Wins Guide today and learn how a reasonable compensation analysis can add value to your clients.

Best Practices August 22, 2023

Between a Rock and a Hard Place: What To Do When the Client Won’t Get a Reasonable Comp Report

You are probably aware that taxpayers who own a C Corporation and Subchapter S Corporation who provide services in that corporation are required to take a “reasonable salary.”  But what…
Client Advisory Services June 27, 2023

Your 6-Step Checklist for Simplified SMB Tax Planning

Now that tax season is officially over (any extensions you have to file aside), now is the perfect time to shift into tax planning mode for your SMB (small-to-medium business)…
Tax Planning May 25, 2023

Maximizing Tax Savings for Digital Content Creators: Understanding Reasonable Salary for LLCs and S Corps

If you’re a digital content creator, chances are you’ve seen something online about the potential tax savings of switching from an LLC to an S Corporation. However, most of these…
Best Practices May 3, 2023

What is Reasonable Compensation? A Primer for S-Corp Owners

Reasonable Compensation in a Nutshell   All S-Corp shareholder-employees must pay themselves a reasonable salary (i.e. Reasonable Compensation) via W-2 BEFORE any distributions are taken. It’s the law. You should…
Best Practices May 3, 2023

The Risks of Letting your Clients Set Reasonable Compensation: Cautionary Tales

Imagine this: You are a specialized heart surgeon who has spent the better part of 40 years training and perfecting your craft. This morning, you have a tricky procedure scheduled…
Tax Compliance April 6, 2023

Simple Win– Grow Your Bookkeeping Practice The Simple Way

I have a question for you: Would you rather get new clients to grow your business or get paid more from your existing clients? Most of us think we need…
Best Practices March 1, 2023

10 Tips When Starting an Accounting Practice

Tax season is ramping up once again. Are you feeling less than enthusiastic about how your work and personal life will roll out over the next few months? Long hours,…
Tax Compliance February 1, 2023

Help! My New Client Didn’t Take Reasonable Compensation Last Year

This is a question we get a lot at the beginning of the year: “I just took on a new S Corp client and they didn’t take any Reasonable Compensation…
Tax Compliance January 1, 2023

Simple Guide To Reconcile S Corp Reasonable Compensation

With the last month of the year here, it’s time to reconcile Reasonable Compensation for your S Corp clients. If you are not familiar with the process of reconciling your…
Tax Planning December 1, 2022

The Field Guide to Leverage Reasonable Compensation to Ignite Year-Round Advisory Revenue

eBook The Field Guide to Leverage Reasonable Compensation to Ignite Year-Round Advisory Revenue Download our field guide today and learn how a reasonable compensation analysis can add value to your…
Client Advisory Services November 17, 2022

Reasonable Compensation Horror Stories: The Tax Man Cometh

When my office phone rings at 5:30 on a Friday afternoon, you know it’s probably bad. This particular call was no exception. On the other end of the line was…
Court Cases & True Stories November 1, 2022

If It’s Not Documented, It’s Not Done

Having a Reasonable Compensation figure that is “reasonable” isn't enough anymore. With the IRS turning up the heat on Reasonable Compensation compliance [See IRS TECH TARGETS S CORP OFFICER COMPENSATION],…
Court Cases & True Stories October 1, 2022

Unpacking the Increased IRS Enforcement in IRA22 for S Corps

The Inflation Reduction Act of 2022 (IRA22) was signed into law on August 16, 2022. The goal of the package is to raise $737 billion in revenue over the next…
IRS News, Updates & Guidance August 18, 2022

IRS Tech Targets S Corp Officer Compensation

The IRS is deploying technology and big data to combat compensation under-reporting. What does this likely mean for you and your S Corps? That Reasonable Compensation challenges will likely occur…
IRS News, Updates & Guidance August 1, 2022

Is the IRS Job Aid on Reasonable Compensation Still Relevant?

Our guest contributor this month is Michael Gregory. Former IRS Territory Manager and key architect of the IRS Job Aid on Reasonable Compensation shares his wisdom on how the Job…
IRS News, Updates & Guidance July 1, 2022

Learn why RCReports is the #1 reasonable compensation tool for accountants.

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