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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Having your LLC elect S corporation taxation is fairly easy. But like King George in Hamilton, “What comes next?” The S Corp transition...
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One of the biggest headaches of electing to be taxed as an S Corp is calculating a reasonable shareholder salary. Once you elect S Corp...
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The Section 199A deduction was derived from the Tax Cuts and Job Acts and, thanks to our Congress, is one of the more complicated busin...
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We are living in the age of the “side hustle.” Talk to ten of your friends and colleagues, and chances are at least half of them are bu...
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Some say that the best nation is a “donation!” While that might make you laugh (and hopefully this blog post does too), people donate t...
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Being designated a specified service trade or business, or SSTB for short, for some business owners can appear like punishment. We have...
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As mentioned elsewhere in our website and book, we encourage people to focus on building wealth and if they can save taxes along the wa...
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Many business owners ask if they should be cash or accrual when selecting the accounting method within their accounting package. Simply...
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Exit strategies or succession planning usually consider employee ownership as a strong possibility. It is a difficult decision for most...
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On January 18, 2019 the IRS and the Treasury Department released the Section 199A final regulations, including some related guidance su...
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