Sponsored by RCReports
Speaker(s): Paul S. Hamann, Founder and President of RCReports
CE: 1 IRS/CTEC
Price: Free to All
Are you a new advisor handling S Corp clients, or perhaps a seasoned professional facing this common scenario: “My S Corp client didn’t take reasonable compensation last year. Now what?” Knowing that reasonable compensation isn’t just a tax obligation, but a strategic financial decision, you need to be armed with expert knowledge to help your client navigate this situation. Join us to discuss IRS regulations, understand preventive measures, and address challenges within the year.
Learning Objectives:
- Identify key questions to ask your clients before making an S election to help them stay proactive and make the best entity choice
- Discuss proactive measures you can take as an accounting professional to help your clients stay compliant with S Corp regulations
- Evaluate scenarios for cash management when reasonable compensation has not been paid, but should have been
- Recognize complications and penalties, and leverage early detection to mitigate risks of late payroll tax deposits
- Illustrate nuances related to health insurance and reasonable compensation, including vision and dental benefits, to optimize tax planning strategies
NAEA members enjoy exclusive discounts through their membership with RCReports! Visit the Membership Benefit Portal to learn more about your savings and other valuable perks. Not a member yet? Join NAEA today to unlock access to exclusive member benefits, educational opportunities, and professional resources.
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