|  BRIAN T. STONER, CPA
You can count on us to count for you! |
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Award for Best Accountant in Burbank, CA by Best Businesses - 2016, 2015 and 2014
Small Business Excellence Award for the category of Accountants in Burbank, CA - 2016
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August 1, 2017 
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We Need Your Referrals to Grow Our Business!
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2600 W. Olive Ave, 5th Floor
Burbank, CA 91505
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I write a BLOG called 'MUSINGS OF A BURBANK CPA' on Financial and Tax Items I feel are worth sharing! You can access
MY BLOG here:
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See the coupon for discounts on my services -------->
DI MINIMIS FRINGE BENEFITS AND WHAT IS S CORP REASONABLE COMPENSATION?
Article one talks about
di minimis fringe benefit gifts that are deductible for your business
and Article two talks about reasonable compensation for S Corporations (and sometimes C Corporations)
Call Now
818-333-5095
or 818-317-6035
Brian T. Stoner, CPA has been featured on
You can count on us to count for you!
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Buy Your Employees (and
Yourself) Flowers and Fruit,
and Deduct the Cost
Under the de minimis fringe benefit rules, your business deducts the cost of giving you or your employees flowers, fruit, books, and similar property under special circumstances. The recipients-you or your employees-receive these fringe benefits tax-free.
You can't do this too often or spend too much money. But it's easy to see that this is a great benefit, especially when you give to yourself.
For your business to make this fringe benefit tax-free, it must meet two requirements-value and frequency. Here the IRS has not been very helpful in defining either criterion. With some research, we arrived at $70 as the maximum value for the flowers, fruit, books, and similar property.
How often is too often? The IRS doesn't say, but it adds some common sense to the regulation with this guidance as to when this fringe benefit is appropriate: "Examples of de minimis fringe benefits are ... flowers, fruit, books, or similar property provided to employees under special circumstances (e.g., on account of illness, outstanding performance, or family crisis)."
Just don't use gift cards or certificates. The IRS considers the coupon or gift card taxable to the recipient no matter how small the amount, even if that small amount is used solely to buy the flowers or fruit. You can still use gift cards as business gifts (25 dollar max per person) just not for this de minimis rule.
You can count on us to count for you!
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CALL NOW
818-333-5095
OR 818-317-6035
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YOU CAN CHECK OUT MY PAST NEWSLETTERS ON MY WEBSITE ARCHIVE!
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| You can see some of my FAVORITE ACCOUNTING VIDEOS on the home page of my website: www.briantstonercpa.com |
| COUPON Save 10% Bring this coupon in and get a 10% discount on any new service we provide you (up to $50.00)  You Can Count On Us To Count For You! BRIAN T STONER, CPA |
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Accounting Employment Opportunities
Pauline Casbon of Casbon & Associates, LLC is a professional recruiter I have known for quite a while. She is very professional and can help accountants looking for work get a new position as well as find accounting professionals for business and industry.
Full Time Job Opportunities: Contact Pauline Casbon at
310 859 3805
Website:
www.casbonassociates.net
See my Linkedin page:
www.linkedin.com/in/PaulineCasbon
Referral fee for any potential employee that is placed in any of the following positions.
Tax Managers, CPAs needed for Encino, West Los Angeles, Century City and Woodland Hills. $$$ Competitive and top salary! Career track to Partnership if desired.
Accounting Clerks required for West Los Angeles. One to two years experience in Entertainment firm. Salary up to 45K.
Staff Accountant required to join their other young of accountants for a business management accounting firm handling high net worth individuals in the entertainment industry, great opportunity, career path offering salary up to $80k commensurate with experience, plus OT and bonus. Business Management accounting experience required. Santa Monica and Sherman Oaks.
Account Managers for business management accounting firm. Datafaction required. Excellent opportunity, competitive salary and benefits. Located in Santa Monica, West Los Angeles, Beverly Hills, Century City, Westwood and Sherman Oaks.
Assistant Bookkeeper and Bookkeepers for business management accounting firm in Encino, Century City, Beverly Hills, Westwood and West Los Angeles. Opportunity for great career path in business management, salary up to $55k. Datafaction preferred.
Audit Senior/Manager, CPA for Century City, Arcadia, West Los Angeles and Pasadena. Competitive salary and good benefits. Career path opportunity!!
Tax Accountant, CPA for prestigious firm in Century City and Encino, definite opportunity for career path. Business management accounting industry preferred.
Tax Senior, CPA for prestigious CPA firm in Century City. Salary competitive and commensurate with experience. 85K plus.
Accounting Clerk for real estate firm required. Yardi experience a must! One to two years experience required. Located Westlake Village.
Assistant Bookkeeper with Datafaction for Business Management Accounting firm in Beverly Hills. Career Path. Great salary and benefits!
Executive Assistant for Business Management Accounting firm in West Los Angeles. Salary negotiable at 95K.
Tax Seniors for West LA, Century City, San Fernando Valley and the San Gabriel Valley; CPA firm and Business Management Accounting firm, seeking potential employees looking for a career path!
Business Manager for Bus. Management accounting firm to become a Partner. Century City. CPA Certification required.
Two Audit Seniors for CPA firm located in Santa Monica. Career path opportunities.
Tax Accountant for Century City and Encino 1 to 2 years experience of tax preparation with a CPA firm and/or Business Management accounting firm.
Royalty Analyst required for firm located in Encino.
Looking for immediate hires!
I am looking to expand my client base, if you would like further information regarding my staffing services, please do not hesitate to call. I am happy to visit your office which helps me gain an even better understanding of your firm's culture and staffing requirements. Please review my website at
and/or review my Linkedin profile.
www.linkedin.com/in/PaulineCasbon
Call 310 859 3805 for further information. Send resume(s) as a word attachment to :
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What Is Reasonable Compensation?
For small businesses formed as an S Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with.
Many small businesses have organized as an S Corporation form of entity. In many cases, the S Corp election allows a business owner to save money on self-employment taxes, especially if they are operating as a sole proprietor. S Corp profits, or distributions, are not subject to payroll taxes.
If you are a business owner taking a salary and contributing substantially to the operations of the business, you may think that you should just take the distributions and forget the salary. After all, think how much you would save in payroll taxes. But this has already been tried and shot down by the IRS in the courts. And this is where the term reasonable compensation comes in.
The IRS requires that business owners that perform a substantial contribution to the business be paid a salary according to a number of factors. This is called reasonable compensation. You can't pay yourself below market and take a large amount in distributions.
The IRS has issued a fact sheet that describes the guidelines that can be used to determine reasonable compensation. They include employee training, experience, duties, time spent, history of distributions, bonuses, and many other factors.
There are also reasonable compensation ramifications for C Corporations as well.
If reasonable compensation is an issue or concern for your business
, please feel free to reach out and let us know how we can help.
You Can Count On Us to Count For You!
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Brian T. Stoner, CPA
2600 W. Olive Ave., 5th Floor
Burbank, CA 91505
(818) 333-5095 CELL (818) 317-6035
FAX (818) 333-5304
[email protected]
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