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Core Competencies

By Jason Watson, CPA
Posted Monday, December 30, 2024

WCG consults with small business owners and tax clients on riveting topics like these-

  • customized business structures for tax efficiency, flexibility and protection
  • operating agreements, structuring deals with investors
  • S Corp elections (even late S Corp election back to January 1, 2025, even in 2025)
  • Section 199A Qualified Business Income Deduction and Specified Service Trade or Business Analysis
  • reasonable shareholder salary determinations and defense
  • accounting (bookkeeping + analysis), financial statement preparation and payroll processing
  • tax advocacy, strategies and planning (bad news in August, OK… surprises in April, bad)
  • business advisory services to leverage more from your business for you and your family (put more money in your pocket), including lovely yet detached children
  • industry analysis, KPI analysis, benckmarking and peer to peer comparison
  • executive and fringe benefits
  • retirement planning (SEP IRA v. 401k, defined benefits and cash balance plans)
  • business valuations, buy-sell support and exit strategies
  • financial expert testimony, divorce litigation support
  • tax representation (happy happy joy joy)

Outside of typical business services (accounting and payroll), consultation and tax preparation, we have focused on these niche competencies for our group of Colorado Springs CPAs and business advisors.

  • Small business advisory services and administration including S Corp elections and tax planning.
  • CRNA contractor business consulting including others in the medical community.
  • Rental properties, including real estate investing strategies and management consultation.
  • State income tax nexus, physical presence and substantial economic presence issues including income apportionment.
  • Pass-through entity tax deductions and SALT workarounds.
  • Expatriates, or Expats for short, including foreign earned income exclusion, FinCEN 114 FBAR filings including Form 8938, Form 5471 and 5472 and other international tax matters.

WCG CPAs & Advisors protects the fortress by not doing everything, but everything we do, we do very well. We also leave room for the individual tax client who does not own a business but has complex tax issues needing expertise, tax planning and wealth management.

In general our client base is primarily comprised of consultants, engineers, financial advisors, physicians, chiropractors, doctors, surgeons, dentists, anesthesiologists, nurse anesthetists, insurance agents, photographers (the profitable ones), attorneys, online retailers, FBA retailers, real estate agents, real estate investors and good old fashioned widget makers, and several others. A lot of our clients are one-person bands… W-2 one day, 1099 the next.

We also have several medical groups and financial advisor teams operating a tiered entity arrangement where each individual owns an S corporation.

Jason Watson, CPA, is a Partner and the CEO of WCG CPAs & Advisors, a boutique yet progressive tax, accounting and business consultation firm located in Colorado serving small business owners and taxpayers worldwide.

Jason Watson CPA LinkedIn     Jason Watson CPA Email

Taxpayer’s Comprehensive Guide to LLCs and S Corps 2025 Edition

LLC's and S Corps bookThis KB article is an excerpt from our 420+ page book (some picture pages, but no scatch and sniff) which is available in paperback from Amazon, as an eBook for Kindle and as a PDF from ClickBank. We used to publish with iTunes and Nook, but keeping up with two different formats was brutal. You can cruise through these KB articles online, click on the fancy buttons below or visit our webpage which provides more information.

$49.95 $39.95 $29.95

Talk to a Small Business CPA About Your Situation

Please use the form below to tell us a little about yourself, and what you have going on with your small business or 1099 contractor gig. WCG CPAs & Advisors are small business CPAs, tax professionals and consultants, and we look forward to talking to you!

The tax advisors, business consultants and rental property experts at WCG CPAs & Advisors are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.

We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.”

Let’s chat so you can be smart about it.

We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?

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Text WCG Offices

Need to get in touch through a quick text?  We’ll respond back within a day and get going!

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If you need to speak to a tax professional now, give us a call and we'll get you connected.

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