About Jason Watson
Jason Watson is a Senior Partner for WCG CPAs & Advisors, a boutique yet progressive tax, accounting and consultation CPA firm located in Colorado Springs, Colorado. He has been an owner of three small businesses, and holds both a Bachelor’s and Master’s in Business Administration from the University of Wisconsin – Madison.
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Key Takeaways
529 to Roth IRA conversion starts in 2024: Allows overfunded or unused 529 plan funds to move into a Roth IRA for th...
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Key Takeaways
SECURE Act Roth 401k catch-up rule delayed: Originally would require workers 50+ earning over $145,000 to make catch...
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Key Takeaways
Communication preferences: WCG primarily uses emails and texts to fit client schedules and keep a record, but phone ...
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Key Takeaways
Roth 401k vs. Traditional 401k: Roth 401k contributions are post-tax, have higher limits, and no income phaseouts, u...
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Key Takeaways
Tax planning is year-round: Waiting until December creates stress; ongoing planning yields better decisions and savi...
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Key Takeaways
WCG offers a Fractional Controller service: Acts as your single point of contact while Bench handles the back-office...
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Key Takeaways
PPP loans are taxable in a roundabout way: While the loan itself isn’t income, expenses paid with PPP funds cannot b...
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Key Takeaways
S Corp vs C Corp: Switching from S Corp to C Corp mainly for the 21% corporate tax rate is generally a bad idea due ...
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Key Takeaways
PPP Overview: The Paycheck Protection Program (PPP) provided forgivable loans to small businesses to cover payroll, ...
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Key Takeaways
This post focuses on frequently asked questions about PPP loan forgiveness, not on calculating the loan amount.
M...
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