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✅ Get your free 1099 CRNA Tax Checkup here: https://crnataxes.kit.com/crna-tax-checkup

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If your S-Corp salary was $180,000 last year, should you automatically use $180,000 again this year?

Maybe. But not just because that was your salary last year.

For a 1099 CRNA with an S corporation, reasonable compensation should reflect what is actually happening in your business. Your hours may change. Your responsibilities may change. Your contracts may change. And your business income may change.

In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains four reasons your S-Corp salary may deserve another look.

In this episode, you’ll learn:

• Why last year’s S-Corp salary may not automatically work this year
• How changes in the number of hours you work can affect reasonable compensation
• Why your duties and responsibilities matter when reviewing salary
• How a new contract or work setting can change the facts behind your salary
• Why a large change in business income may be a reason to review your compensation
• Why reasonable compensation is not simply a percentage of business income
• Why copying another CRNA’s salary may not fit your situation
• Why the goal is a reasonable and supportable salary based on your own facts

You do not necessarily need to change payroll every time something small happens. But when your business changes in a meaningful way, your reasonable compensation deserves another look.

Because a salary that made sense last year may not make sense this year.

If you already have an S corporation but wonder whether there are other parts of your tax setup you may be missing, download the free 1099 CRNA Tax Checkup using the link above.

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🎧 Educational purposes only. Not personalized tax or financial advice.

Chapters:
00:29 – Should You Use the Same S-Corp Salary Again?
00:47 – Why Your Reasonable Compensation Can Change
01:18 – #1: Your Hours Changed
02:08 – #2: Your Duties and Responsibilities Changed
02:48 – #3: Your Contract or Work Setting Changed
03:33 – #4: Your Business Income Changed
03:55 – Why a Percentage of Income Is Not the Answer
04:27 – The Big Takeaway for 1099 CRNAs
04:58 – 1099 CRNA Tax Checkup

Music licensed from PremiumBeat.com under License #7394047

✅ Get your free 1099 CRNA Tax Readiness Review here: https://crnataxes.kit.com/crna-tax-readiness-review
👉 Work With Us: https://CRNAtaxes.com

If you're a 1099 CRNA with an S corporation, how much should you pay yourself in salary?

Your S Corp salary isn't just a number to pick once and forget about. If the IRS believes your compensation is too low for the work you're performing, some S corporation distributions could potentially be reclassified as wages—leading to additional payroll taxes, penalties, and interest.

In this episode of Money Moves for CRNAs, Randy Larkin of Atlanta Tax Planner explains S Corp reasonable compensation, why the IRS cares about your salary, and why there isn't one salary that automatically works for every CRNA.

You'll learn:

• What reasonable compensation means
• Why salary and S Corp distributions are treated differently
• Why copying another CRNA's salary can be a mistake
• Why “What's the lowest salary I can pay myself?” is the wrong question
• How salary can affect retirement-plan contributions and other planning
• Why reasonable compensation should be reviewed as your business changes

The goal isn't to find the lowest possible salary. It's to establish a reasonable, supportable, and defensible salary based on your situation.

Have an S corporation but aren't sure what else in your tax setup deserves attention?

Use the link above to download the free 1099 CRNA Tax Readiness Review, then use the unchecked boxes as your action list.

🎧 Educational purposes only. Not personalized tax or financial advice.

Chapters:
00:00 – S Corp Reasonable Compensation for 1099 CRNAs
01:11 – What Is Reasonable Compensation?
01:58 – Why Does the IRS Care About Your Salary?
02:53 – Is There One Correct CRNA Salary?
03:23 – “How Low Can I Go?” Is the Wrong Question
04:01 – How Your Salary Affects More Than Payroll Taxes
05:00 – Why Your S Corp Salary Should Be Reviewed
05:45 – Finding a Reasonable and Defensible Salary
06:00 – 1099 CRNA Tax System Review

Music licensed from PremiumBeat.com under License #7394047

✅ Get your free 1099 CRNA Tax System Review here: https://crnataxes.kit.com/crna-tax-system-review

👉 Work With Us: https://CRNAtaxes.com

1099 CRNA taxes can get complicated when you live in one place, own an S corporation in another, and work somewhere else.

Imagine living in London, owning a Pennsylvania S corporation, and flying back to the U.S. to work CRNA assignments in Vermont.

Who taxes you? And which location matters for your business, payroll, tax home, and travel expenses?

In this episode of Money Moves for CRNAs, Randy walks through this unusual example to show why a change in work location can create tax questions that are easy to miss.

For a 1099 CRNA, where you live and where you work are not always the same tax question. And traveling a long distance does not automatically mean your travel costs are deductible.

Before accepting a new CRNA contract, look beyond the hourly rate.

Look at the map.

🎧 Educational purposes only. Not personalized tax or financial advice.

Chapters:

00:29 – Four Places, Four Tax Questions
01:28 – Vermont: Where the CRNA Work Happens
01:53 – Pennsylvania: Where You Live vs. Where You Work
02:30 – Does the LLC Need Another State Registration?
02:55 – S Corporation Payroll Across State Lines
03:32 – Tax Home and CRNA Travel Deductions
04:36 – How the Entire Tax Map Fits Together
05:36 – What to Check Before a New CRNA Contract
05:56 – Free 1099 CRNA Tax System Review

Music licensed from PremiumBeat.com under License #7394047