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Showing content with the highest reputation on 07/20/2023 in all areas

  1. The site this article is on is in the business of selling reports for reasonable salary. I'm guessing there is more to the story than what was in the article. But fear sells......
    3 points
  2. I’d be inclined to deduct $203 as a cash deduction to Goodwill and $170 as a non-cash deduction to Goodwill. The $203 is simply a cash contribution towards the charity’s operations. But I’d let the client know the issues is unclear and let them make the final decision on the $203.
    3 points
  3. Just like the AV industry. AV software can only protect you from known issues, which you should never subject yourself to anyway. Their WAG methods only serve to annoy you with "false positives" and to sell their services. Or the extended "warranty" industry. Had I thought/bothered to investigate the creator of the document referenced, I would have dismissed it as puffery, unless I could back it up elsewhere. But, RC issues are a constant PITA for anyone who has to deal with the know-it-all owner/shareholder type or their "friend" who keeps telling them to take no wages.
    1 point
  4. There may be some thresh hold line the IRS is using, such as gross receipts, or company earnings over say $200K, $400K. There is a company that specializes in determining reasonable salary, taking into account that one person owners of S-corps provide various functions that would be at a lower hourly rate. can't remember the name of the company, though.
    1 point
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