What is a Reasonable Compensation for Owners of S Corp?
If you have read many of my columns over the years, you probably know that a “S Corporation” is the preferred entity for most alarm companies with a single, or few, individual shareholders. As you may already know, An S corporation is a type of corporation that passes its taxable income, credits, deductions, and losses directly to its shareholders. This means that the corporation itself is not taxed on its income, but instead, the shareholders are taxed on their share of the corporation’s income. The S corporation election is available only to small businesses with 100 or fewer shareholders, and is an alternative to the limited liability company (LLC)
Read MoreRelational Customer Satisfaction Surveys and Their Importance to Your Livelihood in 2024
Over the past 44 years in this wonderful industry, you’ve heard me dwell on the importance of customer interaction and satisfaction. You simply can’t have one without the other. MacGuard has conducted numerous client satisfaction surveys for our clients, but some integrators have resisted conducting relational or annual surveys, called CSAT surveys.
Read MoreWISE Words: Empowering Women in the Security Evolution
The electronic security sector is witnessing a significant shift towards inclusivity and gender equality based on the efforts of several leaders and industry groups across the nation. One of these groups is the fast-growing CAA based organization, Women In the Security Evolution “WISE”. The group is dedicated to supporting, empowering, and promoting women across all disciplines within the security industry and spectrum of professional roles.
Read MoreWhy Self-Generated Lead Creation is Essential
One of the first lessons a new salesperson learns is that their sales pipeline must always be full. Anything less and there will be times of feast or famine; a roller coaster ride that stresses the salesperson as well as company management. To reliably reach and exceed sales goals and keep commission payments consistent, the sales pipeline must remain full month in and month out.
Read MoreStepping into the Promising Horizon of 2024
As we step into the promising horizon of 2024, I am filled with optimism and gratitude. Reflecting back on our recent CAA Winter Conference at the Fairmont in San Francisco, I am reminded of the incredible energy, insightful information, and productive breakout sessions that marked the event. It was a gathering that not only educated but also inspired us all.
Read MoreHow Much Liability Insurance Should I Carry on My Alarm Company?
The best way to answer this question is to consider a variety of perspectives and how those might inform your answer. Here are the five main ones, in order of consideration.
Read MoreWISE Panelists to Illuminate California Alarm Association Winter Convention
The California Alarm Association (CAA) is excited to announce a landmark symposium at its Winter Convention, scheduled for Friday, December 8th, from 1:00 – 3:00 pm PST at the prestigious Fairmont San Francisco Hotel.
Read MorePresident’s Message – November
Dear Members of the California Alarm Association, I hope this message finds you all well and thriving in your respective endeavors. It is with great pleasure and excitement that I introduce to you our new Executive Director, Paige Pohlers Meek. Paige brings a wealth of experience and passion to our organization, and we are confident…
Read MoreSIAC Congratulates Those Honored by Florida Police Chiefs Association
SIAC Congratulates Those Honored by Florida Police Chiefs Association.
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