S-Corporation Compliance & Tax Planning
Client Authorization & Service Acceptance
S-Corporation Compliance Check-In
S-Corporation tax savings only work when your salary, distributions, travel, home office, and compliance activity are properly documented throughout the year.
As part of your ongoing S-Corporation tax planning and compliance strategy, we need your help ensuring that important transactions are properly documented throughout the year.
Compliance Review
Important Items to Review
1. Shareholder Distributions
Have you withdrawn money from your business bank account that was not payroll and was treated as a shareholder distribution?
If so, please log in to Hive Tax Book and record those distributions so they are properly tracked and documented.
2. Business Travel & Vacations
Have you taken any trips that included legitimate business activities?
If you are claiming business travel expenses, please make sure those trips are entered into Hive Tax Book and that supporting documentation is maintained.
3. Home Office / Accountable Plan Tracking
If your S-Corporation is reimbursing you for home office expenses through an Accountable Plan, it is important that your Home Office Strategy Calculator is updated throughout the year. A home office deduction under an S-Corporation Accountable Plan should not simply be calculated. The business should reimburse the shareholder/employee and maintain documentation of that reimbursement.
Please log in and verify that your information is current.
4. Reasonable Salary Compliance
The IRS continues to focus on reasonable salary compliance for S-Corporation owners.
If you have not yet completed your Reasonable Salary Analysis, please let us know so we can complete this after sign-up. Proper documentation helps support your salary decisions and protects your tax strategy.
Platform
Use Hive Tax Book to Stay Organized
Hive Tax Book helps S-Corporation owners:
- Track shareholder distributions
- Document business travel
- Maintain home office calculations
- Store compliance records
- Organize tax-saving strategies throughout the year
- Prepare clean records for year-end tax review
Keeping these records updated now makes year-end tax preparation easier and helps protect your deductions.
Managed Service
Want Us to Manage It For You?
If you prefer our team to actively monitor and manage these compliance items, you can accept ongoing S-Corporation Tax Planning Services.
Our service includes:
- Review of distributions and shareholder activity
- Home office and Accountable Plan oversight
- Reasonable salary monitoring
- Ongoing tax planning support
- Year-round compliance guidance
Pricing
S-Corporation Tax Planning Support
Hive Tax Book Access
Full platform access for S-Corp compliance tracking
$197
annually
Ongoing Tax Planning Support
Active compliance oversight by our team
$75
per month
Authorization Required: Client authorizes our team to access and manage their Hive Tax Book account for S-Corporation compliance tracking.
Authorization
S-Corporation Compliance Check-In
Service Summary
S-Corp Tax Planning Support
What's Covered
Review of distributions and shareholder activity
Home office and Accountable Plan oversight
Reasonable salary monitoring
Ongoing tax planning support
Year-round compliance guidance
Helpful S-Corp Resources
This service helps track and organize compliance records for S-Corporation owners. It does not replace a licensed tax professional or constitute legal, accounting, or tax advice. Review all decisions with a qualified advisor.
Year-End Planning
Protect Your S-Corporation Tax Savings Before Year-End
The best tax savings come from consistent tracking, clean documentation, and proactive planning.