Blog Archives

How to Determine a Reasonable Salary From Your S Corporation

For profitable business owners, an S corporation can create an opportunity to balance compensation, tax efficiency, and reinvestment in the company.

Basic bookkeeping is essential to a sound financial foundation. It keeps transactions organized, accounts reconciled, invoices tracked and reports current. But as a business grows, owners often need more than a record of what happened.

For many small business owners, succession planning is something they know they should think about, but it often gets pushed down the list of priorities.

Accounting teams often spend valuable time on repetitive work that keeps the books moving but leaves less room for analysis and planning.

Expanding into new states, launching digital offerings, and hiring remote employees can create valuable growth opportunities. They can also introduce unexpected tax obligations, administrative costs, and financial exposure.

For many small business owners, meetings can feel like one more demand on an already packed schedule. Between serving customers, managing employees, monitoring cash flow, and handling daily operations, it’s easy to wonder whether another meeting is really necessary.

Business conditions can change quickly. A shift in customer demand, rising payroll costs, supply chain disruptions, or changes in interest rates can affect your financial performance with little warning. While no one can predict exactly what will happen next, business owners can prepare by evaluating how different situations could affect their organization.

Payne Nickles & Company is pleased to share that it has been included among the 2026 IPA 500 firms.

Under the new bonus depreciation rules, construction companies may be able to immediately deduct up to 100% of the cost of certain qualified property, including eligible equipment, if the property meets IRS timing and eligibility requirements.

The Working Families Tax Cuts legislation introduced Trump Accounts as a new long-term savings vehicle designed to help eligible children begin investing early in life. The accounts became available beginning July 4, 2026, creating a new savings option for eligible families. As with any new tax-advantaged account, families should understand how the accounts fit into their overall financial plan before deciding whether to contribute.