Blog

Blog

Reasonable Compensation Horror Story: A Realtor Haunted By Missing Reasonable Compensation Calculations and Payroll Non-Compliance

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 an audit. The faded memories of unreported income and, if the individual is an s-corp owner, their missing or incorrect reasonable compensation calculations is enough …

Reasonable Compensation Horror Story: A Realtor Haunted By Missing Reasonable Compensation Calculations and Payroll Non-Compliance Read More »

5 Major Money Leaks: How to Plug the Profit Drain and Maximize the Revenue Potential at Your Firm

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 feel like you can’t ever say no? If you said “yes” to either of these questions, you have a money leak in your firm that …

5 Major Money Leaks: How to Plug the Profit Drain and Maximize the Revenue Potential at Your Firm Read More »

business owner giving a presentation about reasonable compensation requirments to board members

What S Corp Owners Should Know About the Reasonable Compensation Requirement

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 hot water with the IRS. Below, we discuss more about assessing reasonable compensation for your S Corp and how RCReports can help you maintain compliance. …

What S Corp Owners Should Know About the Reasonable Compensation Requirement Read More »

5 Proactive Tax Strategies to Maximize Client Value and Revenue in the Face of IRS Audits

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 have all been watching, the IRS is amping up its enforcement of tax laws, specifically those aimed at high net worth business owners. These are …

5 Proactive Tax Strategies to Maximize Client Value and Revenue in the Face of IRS Audits Read More »

        Submit a Ticket

        Scroll to Top