About Jason Watson
28
May
Why Punish Specified Service Trades or Businesses
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By
Jason Watson
Key Takeaways
SSTB Overview: Certain professions like accountants, physicians, attorneys, consultants, and financial advisors are ...
26
May
Minimize Tax or Maximize Value
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By
Key Takeaways
Focus on Wealth, Not Just Taxes: Prioritize building business value first; tax savings are secondary.
Lending Con...
26
May
Small Business Accounting Methods
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By
Key Takeaways
Cash vs. Accrual Accounting: Cash-basis records revenue when received and expenses when paid; accrual-basis records ...
26
May
Employee Ownership
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By
Key Takeaways
Employee Ownership as an Exit Strategy: Selling or transferring a business to employees can support succession plann...
29
Apr
Section 199A Final Regulations Deeper Dive
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By
Key Takeaways
Section 199A Overview: Created by the Tax Cuts and Jobs Act of 2017, it offers a 20% deduction for qualified busines...
22
Feb
Home Office Depreciation
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By
Key Takeaways
Accountable Plans: Employee reimbursements aren’t taxable if expenses are properly documented and excess reimburseme...
10
Feb
Section 199A Self-Employed Health Insurance
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By
Key Takeaways
Section 199A Basics: Pass-through deduction equals 20% of qualified business income (QBI), but deductions like self-...
20
Jan
Section 199A S Corp Benefits
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By
Key Takeaways
Section 199A gives small business owners a 20% deduction on qualified business income (QBI).
S Corporations reduc...
19
Jan
Section 199A Rental Income Safe Harbor
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By
Key Takeaways
Section 199A offers a 20% deduction for small business income, including certain rental income.
Rental properties...
19
Jan
Section 199A Final Regulations Treasury Decision 107892-18
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By
Key Takeaways
Tax Cuts and Jobs Act of 2017 created the Section 199A Qualified Business Income (QBI) Deduction for business owners...
