Determining Reasonable Compensation for Closely-Held SMB’s is not a magical or mysterious process. In fact, it is a straight forward process that relies on a basic understanding of the three different approaches for determining Reasonable Compensation and when and where they apply. Practitioners armed with this knowledge and the proper tools can easily determine Reasonable Compensation for any SMB.
- Understanding Cost, Market, Income Approaches for determining Reasonable Compensations
- Review case studies for each approach
- Assess when and where each approach should be used
- Identify when an adjustment to one of the approaches may be warranted
- Identify resources for defending a Reasonable Compensation opinion
Who Should Attend
CPA’s, EA’s who advise Closely-held SMB’s on Reasonable Compensation who are interested in learning how to determine Reasonable Compensation using the three IRS approaches outlined in the IRS Job Aid: Reasonable Compensation Job Aid for IRS Valuation Professionals using RCReports Software.
Paul Hamann is an expert on determining Reasonable Compensation for closely-held business owners. He has educated more than 30,000 tax advisors and valuators on the topic of Reasonable Compensation and has been published in numerous state CPA society journals.
Paul, along with other experts in their own fields founded RCReports in 2010. RCReports cloud software determines reasonable compensation for Closely-Held Business Owners and is used by CPA’s, EA’s, Tax Advisors, Valuators, Forensic Accountants and Attorneys when they need to determine a Reasonable Compensation figure for a client.
When Paul isn’t in the office he enjoys spending time with his wife and two chocolate labs, hiking Colorado’s back country or paddling its s... Read more
- VP Education
Jack is the Vice President of Education for RCReports. He is an expert on the topic of Reasonable Compensation as it applies to S Corp, and Small Closely Held Businesses. Knowing a Reasonable Compensation figure is only half the equation. Putting the Reasonable Compensation figure into context of the Business is where the Trusted Advisor adds his knowledge and wisdom to benefit the client and their business.
Jack is also the owner of Jack Salewski, CPA, a firm that is focused on tax planning, strategic operational planning and tax preparation for small and medium sized businesses.
The planning side starts with a feasibility analysis and ends with an exit strategy. The exit could be a sale, succession or estate planning.
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.
Date & Time
Tuesday, June 9, 2020
11:00 AM EDT (see additional timezones)
Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.
Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- 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.