Accounting Insights: Mastering Reasonable Compensation and Entity Selection

Join host Dawn Brolin and guest Paul Hamann of RC Reports in this episode of DM Disruption as they delve into the world of accounting. They discuss the importance of reasonable compensation and its impact on tax planning and preparation. Discover how incorporating reasonable compensation can transform your approach to advising clients and improve their companies’ direction. They also explore the exciting tool, ESP (Entity Selection Planning), which helps calculate the financial benefits of transitioning from a Schedule C to an S Corp. Gain valuable insights and practical strategies to enhance your accounting practices and empower your clients.

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