S Corp Resources

S Corporations are unique in that they offer both the limited liability benefits of a corporation and the pass-through taxation of a partnership. In an S Corp, paying yourself generally…

As many of us in the tax and accounting profession know, there’s rarely much good that can come out of the IRS flagging a business owner’s personal tax return for…

You may think it’s a challenge to calculate reasonable compensation for real estate agents due to fluctuations in the economy.

These clients are aggressive in expanding their businesses, and developing multiple streams of revenue, as such, they need to be sure to not only pay appropriate income taxes, but also to pay adequate payroll taxes, too.

Do you feel overworked and underpaid, and no matter how many hours you work, you still can’t get ahead? Do you struggle to make and keep boundaries with clients, or…

These clients are aggressive in expanding their businesses, and developing multiple streams of revenue, as such, they need to be sure to not only pay appropriate income taxes, but also to pay adequate payroll taxes, too.

Whether you're forming a new company or contemplating changing your business structure, the decision between opting for an S Corporation or an LLC for tax purposes is a crucial one.…

For an S Corporation, staying viable means continually evaluating the reasonable compensation requirement. Taking distributions from your company without paying reasonable compensation to all eligible shareholders can land you in…

One of the things S Corporation owners should think about is setting up a  401(k) plan. These tax-advantaged accounts can be an important and effective tool to set aside the…

With the passing of the IRA22 last year and the ongoing battle over the funds allotted to the IRS in that legislation, there have been numerous updates about how the…

With the September and October tax deadlines behind us it’s time to think ahead to the next tax filing season which is really only a few weeks away! As we…

Download our Simple Wins Guide today and learn how a reasonable compensation analysis can add value to your clients, discover how reasonable compensation affects everything from payroll taxes, tax planning strategies and so much more!

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…

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)…

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…

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…