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Reasonable Compensation for S Corporation Owners

It seems that some people still don’t realize that you need to have reasonable compensation as a “S-Corp” owner. Definition and IRS Scrutiny S Corporation owners who actively work in their business are required by the IRS to pay themselves a...

Hackers

Prior to writing this blog post I checked to see how many attempts were made at hacking my website, the results follow. 3 failed login attempts (past 24 hrs). Your site is currently at a low risk for brute force activity This is now, a couple of years ago the hackers...

Do good passwords need to be changed?

I don’t know about you, but I am getting to the point where I feel I need to start forking out good hard cash for a password manager. I have password fatigue, I need good strong passwords and they have to unique from all other passwords, and constantly changing or...

Oops

Apparently I ran out of blog postings last month.  Thought I had them programed into May. I will address, ASAP. the Management  

H&R Block settled for a fine

We have all seen the ads and most know them to be false, yet some believe them to be true. So, H&R Block must pay a fine and change its deceptive marketing practices. In 2024, the Federal Trade Comm. filed an administrative complaint against the firm, alleging...

New Client

As the tax season began, I received a number of calls from people who now need to find a new tax preparer. Some knew their old preparer was retiring, others are surprised to find out that their preparer has already retired. So, their hunt is on. One gentleman called...

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