RC Reports – BVData University

RCReports

RC Reports offers robust compensation data specifically tailored for determining reasonable compensation in closely held businesses.

Detailed Description:

This database specializes in providing detailed salary information critical for accurately determining reasonable compensation within closely held companies. The data supports compliance, audit preparations, and strategic decision-making.

Key Features:

Tailored specifically for closely held businesses.
Supports IRS compliance and audit readiness.
Comprehensive and defensible salary data.
Regular updates for current market accuracy.

For more information, visit RCReports.

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RCReports

Available From:

ValuSource

Detailed Description

Solving the Compensation Complexity Problem

Many small business owners have multiple job titles they perform to varying degrees, making it challenging to estimate what their Reasonable Compensation should be. RCReports ensures that when determining a business owner’s Reasonable Compensation, you can easily break down their job duties by title and percentage of time and calculate accurate wage data that is supported by an independent, third-party source.

Efficiency

It used to be that compiling a Reasonable Compensation report took hours or even days. Pouring over wage data, comparing geographic regions, and finding comparable salaries was an exhausting and inefficient process. Fortunately, RCReports has done the work for you. We’ve assembled a database of over 12 million data points for wages covering virtually every possible position and geographic region your clients maybe located in. Not only that, but more than 60% of these data points are exclusive to RCReports. Using RCReports will provide you with access to better data and will save your valuable time.

Independent

In the event of an IRS challenge to a Reasonable Compensation figure, it’s good to know that the data and calculations used come from an independent third-party source. With RCReports you can be sure that our numbers are unbiased and represent an accurate Reasonable Compensation figure. Every report provides you with supporting resources, including case law, IRS rulings, whitepapers, and more!

Use RCReports in your Tax practice too!

Not only is RCReports valuable for normalizing compensation for business valuation, but is also invaluable for tax advisors. As a tax advisor, you can use RCReports to help your clients meet the challenge of increased IRS focus on Reasonable Compensation determinations. RCReports is your one-stop solution to calculating Reasonable Compensation figures that are accurate, defensible, and supported by the latest in IRS rulings and geographic data.

Business Valuator Solution Brief (PDF) Product brochure from RCReports explaining the challenges and the solution that this database resolves.

Case Studies

Business Valuator Case Study – Divorce Settlement (PDF). Leading business appraisal use RCReports to assist with to attorney clients with their divorce settlement. It was able to show the value of the business (so the wife could get her fair share of equity), vs just the husbands high salary.
Business Valuator Case Study – Litigation (PDF). One of the shareholders of a business was going through a divorce and needed to know what the values of his shares were. Another shareholder wanted to sell her shares back to the company–and needed the value. The major obstable was the compensation for the shareholder officers.
Tax Compliance Case Study – Richard – Forensic Accountant (PDF). Client was educated on the value of an accurate reasonable compensation figure. Used RCReports to compare and generate required reports.
Tax Compliance Case Study – Rick – Tax CPA (PDF). Shows the advantages of changing your status from a C-Corp to an S-Corp so the shareholder’s salaries and tax liability could be reduced.

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RCReports

RCReports

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