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 TakeawaysFocus on Wealth, Not Just Taxes: Prioritize building business value first; tax savings are secondary.
Lending Con...
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Key TakeawaysCash vs. Accrual Accounting: Cash-basis records revenue when received and expenses when paid; accrual-basis records ...
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Key TakeawaysEmployee Ownership as an Exit Strategy: Selling or transferring a business to employees can support succession plann...
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Key TakeawaysSection 199A Overview: Created by the Tax Cuts and Jobs Act of 2017, it offers a 20% deduction for qualified busines...
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Key TakeawaysAccountable Plans: Employee reimbursements aren’t taxable if expenses are properly documented and excess reimburseme...
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Key TakeawaysSection 199A Basics: Pass-through deduction equals 20% of qualified business income (QBI), but deductions like self-...
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Key TakeawaysSection 199A gives small business owners a 20% deduction on qualified business income (QBI).
S Corporations reduc...
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Key TakeawaysSection 199A offers a 20% deduction for small business income, including certain rental income.
Rental properties...
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Key TakeawaysTax Cuts and Jobs Act of 2017 created the Section 199A Qualified Business Income (QBI) Deduction for business owners...
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Key TakeawaysSection 199A Qualified Business Income Deduction (QBID) gives individuals a 20% deduction on qualified business inco...
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Jason Watson
