Abby Henning

If you’ve ever interacted with a toddler, or a teenager, or anyone with extreme opinions, you probably know that ‘reasonable’ isn’t a universal definition! And if your private practice is an S-corporation, you’ve probably heard the phrase ‘reasonable compensation’. We get a lot of questions about this: What is it? And why does it even matter? The compensation piece is easy to understand - it’s the wage that the shareholder/owner receives. The reasonable part can be much trickier to pin down....

Need a speedy refresher on 1099s? Look no further! Quick Facts: Forms 1099 must be issued by January 31st (and filed with the IRS too!)...