RCReports is a tool used by CPA’s, EA’s, Tax Advisors, Valuators, Forensic Accountants and Attorneys when they need to determine a Reasonable Compensation figure for a client. Whether for Tax Compliance, Normalization or Planning, RCReports has the report and approach to fit your need.
RCReports synthesizes a proprietary blend of IRS criteria, court rulings, geographic data and its EXCLUSIVE database of wages to accurately and objectively determine Reasonable Compensation for Closely-Held Business Owners.
All Reasonable Compensation Reports deliver an Independent Unbiased Reasonable Compensation figure that can be relied on in IRS examinations and Litigation.
United States of America,
“We have used RCReports for several years. We make it part of our small business accounting and tax package and have all of our S Corp owners complete the surveys to make sure our salary amounts for the owners are reasonable. It is so much more helpful to have a system in place to establish this number than just estimating an amount.” ~ Stanley Dean, CPA, Dunwoody, GA
“I thought I would let you know that I used your Reasonable Compensation Reports for two years under audit and was successful in reducing that client’s liability by $20,000. Your reports had a big part in helping to convince the auditor to lower her first assessment against my client.” ~ Carl Hanton, EA, Bradenton, FL
“I have known about your product for quite some time but have been unable to convince clients to look at this. I now have a client undergoing an IRS audit challenging his low S corp salary. The IRS wants to reclassify all distributions as wages, even above the reasonable salary amount. I need some credible basis for the reasonable salary amount I can take to the examiner.” ~ Larry W. CPA, Hamilton, OH
“We add 10 LLC S Corp annually and are slowly going back and making minor adjustments on our existing LLC S Corp owner employee pays. The studies help us set owner payroll. We have used them several times in IRS audits and they work. My paycheck from our CPA firm was based on a study. The data seems accurate by county and profession and the reports seem professional. I understand the process and can do a study in a few minutes.” ~ Randy T. CPA, Tyrone, PA
“I couldn’t do my tax planning without the software – period!” ~ Tom C. EA, CTC, USTCP, Phoenix, AZ
“I just had a client complete an interview and went over it with them and we are going to decrease his pay and save him some SE tax. They were really impressed with it. I’m excited to continue to use it.” ~ David K. Loveless, CPA, Spanish Fork, UT
“I am so relieved to finally have a useful and efficient way to set my officer compensation rates, especially something that will hold up to IRS scrutiny” ~ Aaron W. CPA, Sacramento, CA
“I like having rcreports in our arsenal of tools for our clients, especially when it leads to a face to face meeting, that is valuable. And I like that it removes any perceived subjectivity on the part of me and my client.” ~ David, H. CPA, Charlotte, NC
“We just love the Reasonable Compensation Reports. 😊 We like having something “concrete” to show the IRS if needed to substantiate the wages someone is taking. The program is easy to use and easy for the clients to view!” ~ Heidi A., Ada, MI
“One of the best aspects of RCReports is you and your team. Everyone on your team is helpful. You, Molly, and everyone.
Routinely, we perform 1 – 2 compensation reports a year. Therefore, RCReports is not a huge factor in our success. Nonetheless, having the software saves us a lot of time and headache when we perform compensation reports. We value that.” ~ Prentice B. CPA , Mokena, IL