Compensation planning is a highly individualized process. There are many considerations that will factor into the planning, such as whether your company is a C-corporation, an S-corporation, an LLC, or if you own multiple businesses or rental real estate partnerships where your business is a tenant. Managing the income taxes and cash flow can be challenging when there is any combination of salary income, guaranteed payments, rental income, dividend income, partnership distribution, loans to or from any of the entities, and any other business transactions between them. More thoughts to consider are whether you are achieving your compensation and cash flow goals with maximum tax efficiency, if your compensation is defensible in an IRS audit, and if you have the right mix of current and deferred compensation, employee benefits, and retirement plans in place.
The approach that BPM's professionals take towards compensation planning is completely customized to you and your business’s needs. With our deep knowledge of tax planning and compliance, we can help you achieve your compensation goals, plan for retirement, as well as address your current cash flow concerns, all to achieve maximum results for you and your business.
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