Can your business factually support reasonable compensation questions?
We can protect you if the IRS comes at you with questions about reasonable compensation.

What makes compensation reasonable?

People will do nearly anything to save on their tax bills.

Small businesses like single-owner S-corps have to do everything they can to reduce their tax bills in order to stay competitive. That’s why it’s our job to help you keep as much of your money in your pocket as legitimately possible.

But it’s also our job to let you know when one of the practices that once worked to lower your tax bill starts raising red flags at the IRS.

If you’re one of the many single-owner S-corporations who gave yourself a meager salary and took compensation in the form of dividends instead…

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We need to talk.

The IRS has been auditing S-Corporations with a focus on what is called “reasonable compensation” concerns.

In these audits, the IRS asks business owners to prove the compensation they claimed as income in past years was reasonable.

In many cases, these businesses lose the audit because they had no strong basis for the income claimed. The result is all income taken out of the company is reclassified as regular income and taxed accordingly with the associated penalties and interest.

Ouch!

What can you do about it?

First of all, don’t panic. We can help you.

The best solution is to partner with a firm like Books, Taxes & More to have a formal study of compensation.

This study produces a report that answers all the questions the IRS may have concerning the salary of the business owner in the area where the business is headquartered.

It takes into account the business owner’s:

  • education

  • skill level

  • years of experience

  • Plus, the business location and industry norms

We submit the report that we already have prepared and any question of compensation salary versus dividends taken is settled.

Our process has never been disputed.

Want to make sure you’re protected in the event of an IRS audit? Get in touch today for your consultation.

Find out more about BTM’s other services:

LIFESAVER

"Steve has been a lifesaver for our organization. I would give him 10 stars if I could! Thank you Steve!" ~Le Ann

WILL NOT DISAPPOINT

"I would highly recommend Books, Taxes and More, you will not be disappointed. I've been going to Steve Perry for over 3 years now and I am still amazed at how knowledgeable he is." ~James M

AFFORDABLE AND THOROUGH

"Knowledgeable and honest! While he is affordable, he is also extremely thorough and the time that he invests in understanding your taxes far outweighs the cost." ~Mattie Phillips

Standing Up for People Like You

Get to Know Us

Welcome to Books, Taxes & More, located in Atlanta's southwestern suburb, Stone Mountain, GA. We proudly specialize in providing top-tier IRS and state tax authority representation, with additional services in tax preparation and bookkeeping. Our tax representation services are designed for clients who recognize they have a tax problem and want to resolve it urgently.

We also offer comprehensive tax preparation services, especially for those with complex returns, and bookkeeping as a supplementary service.

IRS and State Tax Authority Representation

If you've received a letter from the IRS or the state department of revenue, you need an expert who can help you navigate these challenges swiftly and effectively. We work with taxpayers who have the resources to invest in high-quality representation, and a collaborative mindset. We pride ourselves on our expertise and commitment to resolving your tax issues efficiently. With over a decade of experience, we know how to protect taxpayers from the IRS and state authorities, ensuring your financial well-being.

Why Choose Us?

  • Expertise and Experience: With over ten years in the industry and credentials as a Certified Tax Resolution Consultant, our founder, Steve Perry, brings a wealth of knowledge to each client engagement. Steve is also a member of the National Association of Enrolled Agents (NAEA) and the Tax Rep Network.

  • Passion for Advocacy: Our team is passionate about defending our clients against the IRS and resolving tax debt issues. We believe in standing up against bullies and helping you achieve financial freedom.

  • Specialized Knowledge: Our continuous education, including extensive studies in cryptocurrency and blockchain, enables us to support crypto traders and other clients with unique financial situations.

  • Community Involvement: As an active member of Rotary Club International and other local volunteer efforts, Steve is dedicated to making a positive impact both professionally and personally.

Make your business more profitable today.

Call us at (678) 717-9818 for a consultation.

Contact Us Now