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What is a reasonable salary for an S corp owner?
Reasonable compensation for an S corporation owner depends on the services performed, including duties, time, experience and comparable compensation. There is no universal salary-to-distribution percentage that works for every business.
Tax season timeline: when to send us your documents
Start organizing tax records before forms arrive, track missing and corrected documents, and send a clearly labeled package through the Canopy client portal. Tell the firm what is still outstanding rather than assuming an upload is complete or automatically requests an extension.
Tax tips for dentists and dental practices
Dental-practice tax planning connects current practice books, owner compensation, equipment records and household taxes. The right approach depends on business structure, ownership arrangements and state rules rather than one strategy for every dentist.