Reasonable Compensation S Corp - #1 IRS Red Flag

If you are filing your taxes as an S Corporation, this is the video you don't want to miss! Because of the special tax breaks for an S Corp, the IRS is extra aware of the people trying to take advantage of the lower taxes and not paying their fair share. The #1 IRS red flag is to identify S Corps who are not paying themselves a reasonable salary. This video talks about the concept of reasonable compensation and then tells you about Gusto payroll software which is the easiest way of running payroll for your small business. 📊📞For help with your ecommerce accounting needs, book a free consultation with sales here: https://acuity.co/ecommerce-accountin... 🚀🚀 New to Acuity Ecommerce Accounting? Well, let me tell you a little bit about us. We’re here to make ecommerce businesses better. Acuity Ecommerce Accounting was co-founded by Patti Scharf (CPA). At Acuity, we specialize in providing accounting and online bookkeeping services tailor-made for ecommerce entrepreneurs. With a team of dedicated experts, we've become the trusted financial backbone for over 2,000 entrepreneurs. We empower you to scale your business efficiently, make more informed business decisions, and free up valuable hours in your week. To level up your ecommerce accounting, contact us here: https://acuity.co/ecommerce-accountin... 💙★💻 VIDEO LINKS 💻★💙 Gusto Payroll https://gusto.com/partners/invite/cat... 💙★💻 SUBSCRIBE TO US ON YOUTUBE 💻★💙    / @acuityecommerce   We've been focused on ecommerce accounting since 2012. Now we've brought our knowledge and experience to YouTube to help share important ecommerce, accounting, and business information with everyone who's looking for it. Think that might be you? Then please subscribe! 💙★💻 LET’S CONNECT 💻★💙 Check out our website for updates, videos, and special announcements. ► https://acuity.co/ecommerce-accountin... 💙★💻 FOLLOW US! 💻★💙 Facebook: https://www.facebook.com/acuity.co/?u... Twitter: @Acuity_co (https://bit.ly/48olcHi), @PScharfCPA (https://bit.ly/3rcTGMq) Instagram: https://www.instagram.com/acuity.co/?... TikTok: https://www.tiktok.com/@acuity_co?utm... LinkedIn: https://www.linkedin.com/company/acui...