This fascinating blog from RCReports goes over an interesting case involving a small business, the IRS, and a difference of opinion regarding what constitutes reasonable compensation. Read more >>

We find it perplexing how often S corp. owners—who invest in their business with an eye on the future and carefully analyze the cost/benefit of every decision—take a short-term, simplistic approach to reasonable compensation: Just pick the lowest possible number to minimize payroll taxes. Read more >>

No specific professional standards govern the content and requirements for appraisal reports in compensation valuation (CV), and there is very little professional literature on this topic. In the BVR/AHLA Guide to Valuing Physician Compensation and Healthcare Service Arrangements, author Timothy Smith looks to the business valuation standards and discusses how to adapt and expand on these standards to address areas that are unique to CV practice and appraisal issues. Read more >>

The conference sessions were an excellent mix of theory and practice—ideas that you can use in your practice right away. Read more >>