Reasonable Compensation for Social Media Personalities

eBook

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.

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