Advisory Opportunities with Reasonable Compensation
Nancy McClelland, CPA
The Dancing Accountant
1 CPE for AFSP, EA, CFP®, CPA, CRTP
Intermediate level
Reasonable compensation is part compliance, part opportunity. Learn to spot red flags, apply IRS methods and turn this hot-button issue into a money-saving, revenue-building service for your firm and your S-corp clients.
Objectives
Upon completion of this session, you will be able to:
- Define reasonable compensation and debunk common myths
- Conduct client interviews to determine the “many hats” S-corp shareholder-employees wear
- Stress-test your clients' S-corp owner compensation
- Determine which factors to evaluate when calculating reasonable compensation
CPE
| Governing body | CPE credits | Designation | Field of study |
|---|---|---|---|
| IRS | 1 | AFSP | Federal Tax Law Topic |
| IRS | 1 | EA | Federal Tax Law Topic |
| NASBA | 1 | CPA | Taxes |
| CTEC | 1 | CRTP | Federal Tax Law Topic |
| CFP Board | 1 | CFP® | N/A |
Details
Duration: 50 minutes
Course level: Intermediate
Prerequisite: Basic understanding of S corporation taxation
Advanced preparation: None
Delivery method: Group Live