Product Identify: S Corp Tax Advantages & Benefits E-book – WCG CPAs
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S Corp Tax Advantages & Benefits E-book – WCG CPAs is backed with a 60 Day No Questions Requested Cash Again Assure. If throughout the first 60 days of receipt you aren’t glad with Wake Up Lean™, you may request a refund by sending an e mail to the tackle given contained in the product and we are going to instantly refund your total buy value, with no questions requested.
Description:
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 information reminiscent of IRA and 401k limits together with Social Safety wage limits, but it surely additionally has a bunch of recent info unfold out numerous chapters reminiscent of personalized multi-entity constructions, expanded cheap shareholder wage sections, extra tax discount mechanics amongst numerous little tidbits gleaned from a whole lot of small enterprise consultations. Riveting!
We have now a number of examples displaying how the Part 199A works, why S companies stay an ideal instrument for tax financial savings and why reverting to a C company is a nasty thought. We additionally talk about entity formation, S Corp elections, cheap shareholder wage and enterprise tax deductions. Frankly the Part 199A stuff is barely about 40 pages of the fabric… the remainder is nice ol’ trend enterprise stuff!
Earlier than you spend your cash, we encourage you to evaluation 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 when you saying to your self, “Self, simply get the darn e book and begin taking good care of enterprise” then click on on one of many buttons below-
Listed here are some testimonials to make you’re feeling higher (in fact we solely picked the nice ones… identical to referrals)-
Ronny R. says, “I loved it! Gave me tons to speak about with my CPA.“
Britt S., Esq. says, “Thanks a lot for talking with me final week! You’re superb and I tremendously recognize all the info you emailed me. I’m in full adoration of your e book!”
Lisa A. says, “Detailed details about the professionals and cons of making a small enterprise. A number of nice element in regards to the tax advantages and penalties. NOT a ‘dummies’ e book – it assumes you have already got some background information.“
Brett B. says, “I learn your ‘Complete S Corp’ e book. Wow. You blew my thoughts. I assumed I understood S Corps.”
Larry M. says, “I discovered it useful, however might have gone into a little bit extra element. There may be one important approach to save cash as an s corp, and how one can decide ‘how a lot you will get away with’ might have been expanded on a bit extra. In any other case, fairly good information.“
M.S. says, “Nice learn for first time self-employed corp homeowners. Covers all the primary fundamental of taxes and caveats. Effectively written and easy to know for these not nicely versed in tax legislation.“
If you happen to purchase our 430-page e book and suppose that we didn’t enable you to perceive small enterprise tax legislation or the advantages of S companies, tell us. We by no means need you to really feel such as you wasted your cash. If you’re prepared so as to add some insightful studying into your day, click on on one of many most popular codecs. Amazon is processed by Amazon, and the PDF is safely processed by ClickBank who will e mail you the PDF as an attachment.
Present launch is 2021-2022 Version which incorporates the Part 199A deductions for small companies and SECURE Act of 2019. We’d have extra updates because the IRS offers additional steering. Please e mail us to tell us you need an up to date model, and we are going to ship freed from cost. You may additionally wish to go to our weblog to make amends for some latest steering and different points surrounding small businesses-
How can I keep away from self-employment taxes? This straightforward query was the inspiration for creating an article describing the advantages of an S Company. That authentic article, which was about 4 pages lengthy, rapidly turned a sequence of KnowledgeBase articles on the WCG web site. The articles touched on fundamental matters reminiscent of how one can elect S Corp standing, shareholder payroll, cheap wage dedication and legal responsibility safety. These broad matters demanded far more info, each horizontally by spanning into extra associated points, and vertically by digging deeper into the granular but riveting ranges of the tax code. Past normal S Corp advantages, our 2021-2022 version of this e book will present you-
Every week we obtain a number of cellphone calls and emails from small enterprise homeowners and different CPAs throughout the nation who’ve learn our Taxpayer’s Complete Information to LLCs and S Corps and praised the wealth of data. No matter your present scenario, whether or not you’re contemplating beginning your individual enterprise or entertaining a contracting gig, or you’re an skilled enterprise proprietor, the contents of this e book are for you.
This e book is written with the overall taxpayer in thoughts. Too many assets merely regurgitate complicated tax code with out clarification. Whereas in some instances tax code and court docket opinions are duplicated verbatim due to precision of the phrases, this e book strives to elucidate many technical ideas in layperson phrases with some added humor and opinions. We consider you will discover this e book instructional in addition to amusing.
Listed here are some extra resources-
Part 199A deduction also referred to as the Certified Enterprise Earnings deduction (QBID) arises from the Tax Cuts & Jobs Act of 2017. This can be a vital tax break for small enterprise homeowners however there are guidelines and limits in fact. We have now written a brief article which outlines what is taken into account a certified enterprise for the certified enterprise earnings deduction together with the dreaded specified service commerce definitions (which is well summed up as “any commerce or enterprise the place the principal asset is the fame or ability” of the proprietor). All these items is in our e book as nicely!
Click on on the button beneath for our articles-
S companies stay a vital tax saving instrument 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 would possibly must pay W-2 wages to himself or herself to not be restricted by earnings, and solely companies pays W-2 wages to homeowners (in different phrases, an LLC can’t with out an S Corp election). Learn the article above for riveting info!
This info can also be integrated into our e book together with examples and calculations. Completely happy Completely happy Pleasure Pleasure!
WCG makes a speciality of small companies who typically have fewer than 100 workers. Why? We wish to assist folks, and extra importantly we wish 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 probably 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! This can be a fantastic tax service for many who don’t want all of the enterprise advisory bells and whistles above, however once in a while need some love from an skilled tax advisor and enterprise advisor. Have a fast tax query? Have to 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 may have it.
The next are extra enterprise companies to get your enterprise launched and on the best way. A few of these are teased out individually as one and performed charges like formation and onboarding stuff.
Payroll Processing
We make little or no earnings on payroll processing… we provide it as a comfort to our purchasers. One throat to choke with a single name could be reassuring however if you wish to run your payroll, go for it! Everybody thinks payroll is a bit of cake; write a test and performed. Nope… we see lots of errors being made by purchasers particularly the dealing with of medical 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 individual particular person tax return as nicely… 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, and so forth. 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 attempting to persuade you to like it, even when Tom Ford’s Wild Ginger seems superb. Our job stays being professionally indifferent, providing you with info 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 barely the phantasm of precision. Simply because you may complicate the crap out of your life doesn’t imply you have to. Identical to Chris Rock says, simply because you may drive your automobile along with your toes doesn’t make it a good suggestion.
Here’s a temporary abstract of the following steps do you have to wish to have interaction WCG with Enterprise Advisory Companies or Tax Patrol-
1. We schedule an appointment to debate your wants and be certain that now we have the correct assets that can assist you.
2. We draft a proposal outlining the scope of companies and our fastened annual payment.
3. If obligatory, we schedule one other appointment to evaluation the proposal and maybe tighten issues up or make adjustments.
4. As soon as the proposal is signed, the enjoyable begins with onboarding. We have now an intensive guidelines and inside process record to correctly onboard you and your small business. Some issues are concurrent (reminiscent of gathering housekeeping docs and organising payroll) and a few issues are sequential (for instance, gathering monetary information after which providing wage suggestions and making a tax plan). Onboarding is like having a child; a SWAT crew reveals up and does a zillion issues, and poof, everyone seems to be gone apart from mother and child.
5. After onboarding (often 4-6 weeks), issues quiet 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 crew, 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, trade evaluation, govt 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 legislation attorneys for enterprise homeowners who’ve extra wants reminiscent of drafting Working Agreements, payment 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 celebration plan directors reminiscent of Polycomp and RPS to create age-based revenue sharing plans and money steadiness (outlined profit) plans. We are able to run level on no matter your small business wants to make sure that communication is efficient and environment friendly permitting you to promote widgets.
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Data offered on this website “Website” by WCG Inc. is meant for reference solely. The knowledge contained herein is designed solely to supply steering to the consumer, and isn’t meant to be an alternative to the consumer in search of personalised skilled recommendation based mostly on particular factual conditions. This Website could include references to sure legal guidelines and laws which can change over time and must be interpreted solely in mild of explicit circumstances. As such, info on this Website does NOT represent skilled accounting, tax or authorized recommendation and shouldn’t be interpreted as such.
Though WCG Inc. has made each cheap effort to make sure that the data offered is correct, WCG Inc., and its companions, managers and workers, make no warranties, expressed or implied, on the data offered on this Website, or about every other web site which you will entry via this Website. The consumer accepts the data as is and assumes all duty for the usage of such info. WCG Inc. additionally doesn’t warrant that this Website, numerous companies offered via this Website, and any info, software program or different materials downloaded from this Website, shall be uninterrupted, error-free, omission-free or freed from viruses or different dangerous elements.
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All orders are protected by SSL encryption – the best trade commonplace for on-line safety from trusted distributors.
S Corp Tax Advantages & Benefits E-book – WCG CPAs is backed with a 60 Day No Questions Requested Cash Again Assure. If throughout the first 60 days of receipt you aren’t glad with Wake Up Lean™, you may request a refund by sending an e mail to the tackle given contained in the product and we are going to instantly refund your total buy value, with no questions requested.