ScorpThe Scorpion Blog
Compliance, deadlines, and the paperwork nobody warns you about.
Filing deadlines, the records every business has to keep, handing the business over — and reasonable compensation for S-Corp owners.
Why Your S‑Corp Salary Strategy Has to Change in the QBI Era and Why a Fresh Compensation Study Isn’t Optional Anymore
Originally Posted on ENGAGE CPAs.com For years, the default S‑Corp advice was simple: “Pay yourself as little as possible and take the rest as distributions.” That mindset
How to Elect S Corporation Tax Status in the United States: A Complete Guide for Business Owners
Electing S corporation tax status is one of the most powerful tax planning moves available to small business owners in the United States. By filing IRS Form 2553, eligible
The S-Corp Checklist: What to Do in Your First 30 Days After Election
Congratulations—you’ve filed Form 2553 and the IRS has accepted your S corporation election (or you’re still waiting for approval). But here’s the reality check: making the
Dear Tax Pros, The IRS Left Us Guessing on S Corp Pay — But Salary Sherpa Finally Solves It
Let’s be honest: for all the ink spilled over S corporations, the IRS has never given us clear, consistent guidance on what “reasonable compensation” really means. We’ve been
From Mob Poker Rings to Marketing Firms: What Terry Rozier & Chauncey Billups (Hypothetically) Would’ve Learned About Reasonable Compensation
From Mob Poker Rings to Marketing Firms Let’s set the scene: imagine that Terry Rozier and Chauncey Billups—yes, those two NBA standouts—didn’t just score buckets on the
The Simple Truth About S Corp Compliance: It’s Easier Than You Think
If you’re an S corporation owner, you’ve probably heard this before: “The IRS is watching how much you pay yourself.” That one line can make even the most seasoned
Why Every S-Corp Owner Needs to Pay Attention to Reasonable Compensation
If you own an S-Corporation, there’s one compliance requirement you absolutely need to get right—reasonable compensation. After nearly 15 years preparing thousands of tax