Webinar Details
Course Description
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
- Discover proactive measures you can take as an accounting professional to help your clients stay compliant with S Corp regulations
- Identify how to 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
- Identify nuances related to health insurance and reasonable compensation, including vision and dental benefits, to optimize tax planning strategies
Prerequisites
- None
Who Should Attend
CPA & EA practitioners who advise S Corps on the issue of Reasonable Compensation who are interested in learning about what to do if a client didn’t take reasonable compensation in a previous year.
Advanced Preparation
None
Presenter Details
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John Morse
- President, John P. Morse, CPA
John Morse has operated his own CPA firm John P. Morse, CPA, LLC, since 2014, specializing in tax, small business accounting, and campaign compliance. Prior to that, he served in the Colorado State Senate, most recently as the President of the Senate. After graduating from college, he worked as a CPA for Fox & Company in Colorado Springs, CO, and then for Deloitte, Haskins & Sells in Denver as an audit manager. So, he has roughly 20 years of CPA experience.
Between the time he left Deloitte and started his own firm he served as a paramedic in Denver, a police officer, detective, and sergeant in Colorado Springs, CO, a police chief in Fountain CO, and the CEO of a nonprofit organization that w... Read more
NASBA Sponsor
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Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
IRS Approved
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Encoursa LLC is an IRS-approved continuing education provider. Provider #: KKRBE
Date & Time
CPE
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Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
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- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.
Purchase options
Live Webinar
What To Do If Your Client Didn't Take Reasonable Compensation Last Year
Sponsored by RCReports
- Aug 12, 2025
- 4:00 PM EDT
- Credits: 1.00
FREE
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