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S Corp Tax Benefits & Advantages Book – WCG CPAs


Dec 6, 2022 ,

Product Identify: S Corp Tax Benefits & Advantages Book – WCG CPAs

Click on right here to get S Corp Tax Benefits & Advantages Book – WCG CPAs at discounted value whereas it is nonetheless accessible…

All orders are protected by SSL encryption – the best business customary for on-line safety from trusted distributors.

S Corp Tax Benefits & Advantages Book – WCG CPAs is backed with a 60 Day No Questions Requested Cash Again Assure. If inside the first 60 days of receipt you aren’t happy with Wake Up Lean™, you’ll be able to request a refund by sending an electronic mail to the deal with given contained in the product and we are going to instantly refund your total buy value, with no questions requested.


Posted Thursday, October 14, 2021

WCG and Jason Watson, CPA, have launched the 2021-2022 Version of Taxpayer’s Complete Information to LLCs and S Corps. 430 pages of pure pleasure! This version has up to date 2021 knowledge similar to IRA and 401k limits together with Social Safety wage limits, but it surely additionally has a bunch of recent data unfold out varied chapters similar to custom-made multi-entity constructions, expanded affordable shareholder wage sections, extra tax discount mechanics amongst varied little tidbits gleaned from a whole bunch of small enterprise consultations. Riveting!

We’ve got a number of examples displaying how the Part 199A works, why S companies stay an excellent software for tax financial savings and why reverting to a C company is a foul concept. We additionally focus on entity formation, S Corp elections, affordable shareholder wage and enterprise tax deductions. Frankly the Part 199A stuff is simply about 40 pages of the fabric… the remaining is sweet ol’ vogue enterprise stuff!

Earlier than you spend your cash, we encourage you to overview the highlights beneath and obtain a pattern of Taxpayer’s Complete Information to LLCs and S Corps through the use of the next button, or the digital but full model from our KnowledgeBase-

However should you saying to your self, “Self, just get the darn book and start taking care of business” then click on on one of many buttons below-

Listed below are some testimonials to make you’re feeling higher (in fact we solely picked the nice ones… identical to referrals)-

Ronny R. says, “I enjoyed it! Gave me lots to talk about with my CPA.“

Britt S., Esq. says, “Thank you so much for speaking with me last week! You are amazing and I greatly appreciate all of the information you emailed me. I am in complete adoration of your book!”

Lisa A. says, “Detailed information about the pros and cons of creating a small business. Lots of great detail about the tax benefits and consequences. NOT a ‘dummies’ book – it assumes you already have some background knowledge.“

Brett B. says, “I read your ‘Comprehensive S Corp’ book. Wow. You blew my mind. I thought I understood S Corps.”

Larry M. says, “I found it helpful, but could have gone into a little more detail. There is one main way to save money as an s corp, and how to determine ‘how much you can get away with’ could have been expanded on a bit more. Otherwise, pretty good guide.“

M.S. says, “Great read for first time self-employed corp owners. Covers all the main basic of taxes and caveats. Well written and simple to understand for those not well versed in tax law.“

If you buy our 430-page book and think that we didn’t help you understand small business tax law or the benefits of S corporations, let us know. We never want you to feel like you wasted your money. If you are ready to add some insightful reading into your day, click on one of the preferred formats. Amazon is processed by Amazon, and the PDF is safely processed by ClickBank who will email you the PDF as an attachment.

Current release is 2021-2022 Edition which includes the Section 199A deductions for small businesses and SECURE Act of 2019. We might have additional updates as the IRS provides further guidance. Please email us to let us know you want an updated version, and we will ship free of charge. You may also want to visit our blog to catch up on some recent guidance and other issues surrounding small businesses-

How can I avoid self-employment taxes? This simple question was the inspiration for creating an article describing the benefits of an S Corporation. That original article, which was about four pages long, quickly became a series of KnowledgeBase articles on the WCG website. The articles touched on basic topics such as how to elect S Corp status, shareholder payroll, reasonable salary determination and liability protection. Those broad topics demanded much more information, both horizontally by spanning into more related issues, and vertically by digging deeper into the granular yet riveting levels of the tax code. Beyond general S Corp benefits, our 2021-2022 edition of this book will show you-

Each week we receive several phone calls and emails from small business owners and other CPAs across the country who have read our Taxpayer’s Comprehensive Guide to LLCs and S Corps and praised the wealth of information. Regardless of your current situation, whether you are considering starting your own business or entertaining a contracting gig, or you are an experienced business owner, the contents of this book are for you.

This book is written with the general taxpayer in mind. Too many resources simply regurgitate complex tax code without explanation. While in some cases tax code and court opinions are duplicated verbatim because of precision of the words, this book strives to explain many technical concepts in layperson terms with some added humor and opinions. We believe you will find this book educational as well as amusing.

Here are some additional resources-

Section 199A deduction also known as the Qualified Business Income deduction (QBID) arises from the Tax Cuts & Jobs Act of 2017. This is a significant tax break for small business owners but there are rules and limits of course. We have written a short article which outlines what is considered a qualified business for the qualified business income deduction including the dreaded specified service trade definitions (which is easily summed up as “any trade or business where the principal asset is the reputation or skill” of the proprietor). All these items is in our guide as properly!

Click on on the button beneath for our articles-

S companies stay a essential tax saving software for 2 causes. First, the same old self-employment tax financial savings stays intact for all enterprise homeowners together with specified service trades or companies. Second, a enterprise proprietor may must pay W-2 wages to himself or herself to not be restricted by earnings, and solely companies will pay W-2 wages to homeowners (in different phrases, an LLC can’t with out an S Corp election). Learn the article above for riveting data!

This data can also be included into our guide together with examples and calculations. Comfortable Comfortable Pleasure Pleasure!

WCG focuses on small companies who typically have fewer than 100 workers. Why? We need to assist folks, and extra importantly we need to assist the enterprise proprietor instantly. Frankly talking, as soon as a enterprise will get to a sure measurement administration layers get in the best way of proprietor entry. Entry permits us to make sure the proprietor(s) are leveraging essentially the most out of their enterprise for themselves and their households.

As a result of small enterprise is a core competency for us, now we have created enterprise advisory service plans which embody these actually cool things-

We even have Tax Patrol! It is a fantastic tax service for individuals who don’t want all of the enterprise advisory bells and whistles above, however every so often need some love from an skilled tax advisor and enterprise advisor. Have a fast tax query? Must know the depreciation guidelines as you purchase that new automobile? Questioning what your April tax invoice goes to be in August? Tax Patrol is like ski patrol… you may not use it, however you sleep higher realizing you will have it.

The next are further enterprise companies to get your enterprise launched and on the best way. A few of these are teased out individually as one and completed charges like formation and onboarding stuff.

Payroll Processing
We make little or no income on payroll processing… we provide it as a comfort to our shoppers. One throat to choke with a single name may be reassuring however if you wish to run your payroll, go for it! Everybody thinks payroll is a chunk of cake; write a examine and completed. Nope… we see plenty of errors being made by shoppers particularly the dealing with of medical health insurance and HSA contributions since there are particular guidelines for larger than 2% S Corp shareholders. Then once more, we don’t thoughts fixing what was damaged.

Tax Returns
You may put together your personal particular person tax return as properly… however the profit WCG getting ready each particular person and enterprise tax returns is that we slide issues round relying on earnings limitations, phaseouts, different minimal tax (AMT), Part 199A deduction optimization, pass-through entity tax deductions (PTET), and many others. Having our arms round each can yield some good tax financial savings!

We aren’t salespeople. We aren’t placing lipstick on a pig, and making an attempt to persuade you to adore it, even when Tom Ford’s Wild Ginger appears to be like superb. Our job stays being professionally indifferent, providing you with data and letting you resolve.

We see far too many loopy schemes and half-baked concepts from attorneys and wealth managers. In some instances, they’re good concepts. Usually, all of the entities, layering and combined possession is simply the phantasm of precision. Simply because you’ll be able to complicate the crap out of your life doesn’t imply you should. Similar to Chris Rock says, simply because you’ll be able to drive your automobile together with your ft doesn’t make it a good suggestion.

Here’s a transient abstract of the subsequent steps must you need to have interaction WCG with Enterprise Advisory Companies or Tax Patrol-

1. We schedule an appointment to debate your wants and be sure that now we have the correct sources that will help you.

2. We draft a proposal outlining the scope of companies and our mounted annual charge.

3. If crucial, we schedule one other appointment to overview the proposal and maybe tighten issues up or make adjustments.

4. As soon as the proposal is signed, the enjoyable begins with onboarding. We’ve got an intensive guidelines and inner job checklist to correctly onboard you and your small business. Some issues are concurrent (similar to gathering housekeeping docs and establishing payroll) and a few issues are sequential (for instance, gathering monetary knowledge after which providing wage suggestions and making a tax plan). Onboarding is like having a child; a SWAT group exhibits up and does a zillion issues, and poof, everyone seems to be gone aside from mother and child.

5. After onboarding (normally 4-6 weeks), issues calm down right into a rhythm- Tax preparation within the spring, tax planning in the summertime, with payroll and routine session bouncing alongside all year long.

As talked about elsewhere we primarily deal with small enterprise homeowners and their distinctive session and tax preparation wants. With over 40 full-time session professionals together with Licensed Public Accountants, Enrolled Brokers and Licensed Monetary Planners in your group, WCG consults on customized enterprise constructions, a number of entity preparations, S corp elections (even late S corp elections again to January), tax methods, enterprise teaching, business evaluation, government advantages, retirement planning together with particular person 401k plans, exit methods, enterprise valuations, earnings tax planning and modeling, and tax illustration.

We additionally work with enterprise regulation attorneys for enterprise homeowners who’ve further wants similar to drafting Working Agreements, charge for service contracts, shopping for or promoting a enterprise together with worker inventory possession plans and associate buy-ins. As well as, WCG coordinates with third occasion plan directors similar to Polycomp and RPS to create age-based revenue sharing plans and money stability (outlined profit) plans. We will run level on no matter your small business wants to make sure that communication is efficient and environment friendly permitting you to promote widgets.

Listed below are some further sources you may discover helpful.

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Info offered on this website online “Site” by WCG Inc. is meant for reference solely. The data contained herein is designed solely to supply steerage to the consumer, and isn’t meant to be an alternative to the consumer in search of customized skilled recommendation based mostly on particular factual conditions. This Web site could include references to sure legal guidelines and laws which can change over time and ought to be interpreted solely in gentle of explicit circumstances. As such, data on this Web site does NOT represent skilled accounting, tax or authorized recommendation and shouldn’t be interpreted as such.

Though WCG Inc. has made each affordable effort to make sure that the knowledge offered is correct, WCG Inc., and its companions, managers and workers, make no warranties, expressed or implied, on the knowledge offered on this Web site, or about another web site which you’ll entry by way of this Web site. The consumer accepts the knowledge as is and assumes all duty for using such data. WCG Inc. additionally doesn’t warrant that this Web site, varied companies offered by way of this Web site, and any data, software program or different materials downloaded from this Web site, might be uninterrupted, error-free, omission-free or freed from viruses or different dangerous elements.

Click on right here to get S Corp Tax Benefits & Advantages Book – WCG CPAs at discounted value whereas it is nonetheless accessible…

All orders are protected by SSL encryption – the best business customary for on-line safety from trusted distributors.

S Corp Tax Benefits & Advantages Book – WCG CPAs is backed with a 60 Day No Questions Requested Cash Again Assure. If inside the first 60 days of receipt you aren’t happy with Wake Up Lean™, you’ll be able to request a refund by sending an electronic mail to the deal with given contained in the product and we are going to instantly refund your total buy value, with no questions requested.