S Corp Resources
Articles, eBooks, White Papers, Infographics and more to keep you updated on the world of reasonable compensation.
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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