Reasonable Compensation for Social Media Personalities


Reasonable Compensation for Social Media Personalities

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. As their income grows, they may benefit from changing their entity type to an S-Corp and paying themselves on payroll, which requires a careful analysis of reasonable compensation to avoid audit, fines, and for your client as a practitioner, having failure to consider their reasonable compensation come back to your client because of related IRS issues.

Download the full eBook

    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…
    Court Cases & True Stories October 31, 2023

    Rising and Falling Revenue: The Keys to Reasonable Compensation Calculations for Real Estate Agents

    You may think it’s a challenge to calculate reasonable compensation for real estate agents due to fluctuations in the economy.
    Best Practices October 23, 2023

    Start exploring RCReports today.

          Submit a Ticket

            Scroll to Top